1. Invest for maximum returns and minimize taxes
Kiyosaki suggests prioritizing investments with maximum returns and low tax burdens. That means he opts for alternative assets and specific tax-shielded accounts, like IRAs.
Real estate
In Kiyosaki’s words, “The more debt you have, the more real estate you can buy and the less tax you pay."
For instance, DLP Capital offers tax-advantaged, private REITs, which are primarily focused on acquiring or developing affordable rental housing for working families across the country.
Accredited investors in these funds can earn passive income through monthly, quarterly, or annual distributions while making a positive impact on American communities.
With a track record of identifying high-potential properties and over $5.2 billion in assets under management, DLP Capital helps investors capitalize on real estate’s long-term value.
DLP Capital’s funds target potential annual returns between 9% and 13% — almost at par with the S&P 500 index’s 10.26% returns annually. But you get two distinct advantages by investing in DLP Capital’s funds — portfolio diversification and a potentially lower tax bill.
Gold
Kiyosaki is also a proponent of alternative assets like gold. He openly shares that he owns gold as a hedge against economic downturns.
Unlike fiat currency, the precious metal cannot be printed in unlimited quantities by central banks, and its value is not tied to a single economy or currency. These traits make gold a favored “safe haven” asset, particularly during times of economic uncertainty.
Investors seem to be taking note. So far in 2024, gold prices have surged by 28%, surpassing $2,600 per ounce.
If you’re considering this stable commodity, you can open a gold IRA with the help of Priority Gold. This can help you diversify your portfolio by directly investing in precious metals while also yielding significant tax advantages.
If you want to learn more, get a free gold and silver information guide today.
Crypto
Kiyosaki certainly isn’t shy about his love for digital currencies, famously sharing on X that he has lofty aspirations of owning 100 Bitcoin (he currently owns 76.)
Now would be a pretty good time to own all of those coins, given its price has continued to hit all-time-highs above $90,000 in the past few weeks. Though, it’s an inherently volatile investment – and it’s consistently ebbing and flowing. So, you want to be sure you can stomach that level of volatility and risk before investing in crypto like Kiyosaki does.
You can join the club through Robinhood Crypto. You can buy and sell crypto for as little as $1 without any trading fees or commissions.
What’s more — you can get up to a 1% deposit match on all crypto deposits and transfers.
Robinhood Crypto has the lowest trading cost (on average) in the U.S.. This means you could get up to 3.6% more crypto if you trade through Robinhood Crypto.
2. Use a team of experts
Another way Kiyosaki differs from other financial commentators is that he argues accountants, tax experts, and even attorneys can be key to minimizing taxes. He unapologetically believes that "If you're a coward and you're afraid of the IRS, then you're middle class and poor."
His advice might rub you the wrong way, but there's something to be said for seeking a professional’s opinion on your finances. After all, it’s a lot harder to see the forest for the trees when it’s your money. And professional financial advisors can play a crucial role in helping you zoom out and make the best plans for your future.
Advisor.com is a free service that helps you find a financial advisor who can shed light on the path to reach your financial goals. By providing you with a short list of personalized matches, Advisor.com allows you to feel confident that you’re getting the right advice for your risk tolerance and income level.
Set up a free, no-obligation consultation with a pre-screened advisor to begin your new plan for financial freedom.
3. Don’t be afraid of debt
In an interview with Forbes, Kiyosaki said, “If you’re gonna go into debt to invest in real estate, find the best rate.”
With interest rates falling, finding a better rate should be easier than it was last year. A quick and efficient way to check out the rates available is the Mortgage Research Center (MRC). The platform can help you easily compare rates and estimated monthly payments from multiple vetted lenders.
All you have to do is enter some basic information about yourself, including your ZIP code, desired property type, price range, and annual income.
Based on the information you provide, MRC will show you mortgage offers tailored to your needs so you can shop for a loan with confidence.
After you match with a desired lender, set up a free, no-obligation consultation to see if you’ve found the right fit.
