1. Be educated. Know the laws.
2. Knowledge is power. Without it, the world pushes you around.
3. Corporations are a secret of the rich.
4. 1031--trade up in real estate to delay paying taxes on the gains.
5. 4 areas to financial IQ--accounting, investing, understanding the markets, the law
6.
A wealthy person owns nothing. They control everything but own
nothing.--protection from lawsuits (Suggested book on power of personal
corporations--Inc. and Grow Rich.)
7. The difference between a corporation and a person is a
corporation earns, spends, then pays taxes on what's left while an individual earns, pays taxes, then spends what is left.
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