Now the book goes on to talk about how you should stop constantly working harder to make the people you work for more money. You have to stop clinging to your job like it’s the only thing keeping you from being in the streets. TAKE RISKS! Grow Your Assets. By assets, I don’t mean cars, houses, things that are constantly taking money from your pocket. NO! I mean things, like a business (which is not the easiest by far), stocks, bonds, and real estate. Anything that interests you and “that has value, produces income or appreciates…”
After this comes lesson 4 and this part is all about taxes. Did you know that taxes used to be temporary? Did you also know that it’s the fault of the poor and the middle class that we all must pay taxes? In the beginning, when taxes were temporary and there was a choice for a permanent one, the poor and middle class said yes, “Take from the rich, and give to the poor.” But, they didn’t expect the rich to find loopholes, and if they weren’t paying, someone had to. Meaning, that the taxes slowly trickled down to everyone. It’s the Robinhood ideal that leaves the poor/middle class paying a lot more money, staying in the same place, and having the same financial IQ.
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