Entrepreneur and author of "Rich Dad Poor Dad," Robert Kiyosaki joined Cheddar to discuss his views on why the rich are getting richer!
The businessman explains that the lack of financial education in schools is a major contributor to the poor paying higher taxes. Kiyosaki says that people like himself and President Trump are rich and many others are not, because of financial literacy.
The less one knows about how to use debt and other tax-related loopholes, the more likely you are to end up paying more.
When asked about former co-author and president, Donald Trump's proposed tax cuts, he says he doesn't believe it's going to put more money back into the average person's wallet.
On the other hand, charity investments, knowledge of tax exemptions, and the likes, are rich people's way around paying taxes. He cites the system as unfair, but says someone has to pay taxes, an onus usually placed on the poor.
When it comes to charitable giving, Kiyosaki explains that a charitable remainder trust is a way to manage how your tax money is distributed. He says that charity is an essential part of being human, and people should prioritize giving to charity before paying off any debt you have.
Kiyosaki said that if he were to die today, his charitable remainder trust is set to give back $35 million yearly in perpetuity, to the causes he cares about.
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in a possible sign of looming rate cuts.
America’s oldest flour company, King Arthur Baking Co., saw a six-fold increase in demand during the pandemic, and baking interest continues to rise.
The surgeon general has said there's a loneliness epidemic in America. For many people, that includes a lack of friendships at work. But there's hope!
The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and f
The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting cash.
For 30 years Ira Galtman’s job has been to document how American Express went from an express stagecoach company in New York in 1850, to what it is today.
Air travel got more miserable last year, if the number of consumer complaints filed with the U.S. government is any measure.
U.S. ticked toward more records Friday after a highly anticipated report on the job market bolstered Wall Street’s hopes for interest rate cuts.
New tech—from Toyota, Nissan and others—could replace lithium-ion in EVs, ushering in an era of safe, fast-charging batteries and 700-mile ranges.
The future of Paramount, Boeing, and the cost of independence.
