Why401k plans are the worst investments for retirement. I say the 401k is possibly the worst way to invest for retirement for the following reasons: Taxes work against you with a 401k plan: Long-term capital gains are taxed at a lower rate of around 15%. But the 401k gains are taxed at the ordinary earned income tax rate, which is much higher Therich don't work for money; they have money work for them - Rich Dad Poor Dad. This concept is the heartbeat of the philosophy laid out in Robert Kiyosaki's renowned book Rich Dad Poor Dad. The idea of passive income - of making your money make more money for you - is what sets real estate investing apart as arguably the most powerful Drawingfrom Kiyosaki's personal experience, Rich Dad Poor Dad examines the difference of mindset between the rich, the poor, and the middle class. It attempts to answer some of the burning questions that pervade each class and their eternal struggle with wealth, or lack thereof. AhRich dad poor dad dude is filing bankruptcy let's write about that. Since as a shitty journalist I have little understanding of how the world of finance and corporate law works I will blogspam this crappy New York Post article and propagate the received wisdom that Kiyosaki is a hack whose teachings will result in bankruptcy. I work from TELLWPL Adult NonFiction. Kiyosaki, R. T. (2011). Rich dad, poor dad: what the rich teach their kids about money-- that the poor and middle class do not. 1st Plata Publishing ed. Scottsdale, Ariz., Plata Pub. Kiyosaki, Robert T., 1947-. 2011. Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money-- That the Poor and Middle Class Do Not. qPl0gfu.

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