How Rich Protect Their Assets?
Middle class and High Income Individuals (Doctors & Lawyers) own everything in their own names and that’s why during the time of divorce, sue & other lawsuits they lose the control over their assets.
While Rich Don’t own any assets in their own name and that’s why the rich are protected from such kind of lawsuits.
The basic difference between the rich and everyone else is that the rich are financially sound. The rich have high level of TRUE Financial knowledge that the poor and middle class don’t have.
So How Rich own something by not having it in their own names? Well, it’s simple. They own everything in the name of their companies.
Rich own their all the assets in the name of their companies and that’s why during the time of lawsuits, their companies stand as a separate entity and protect all of the assets of rich.
While Middle class and High Income individuals don’t have any knowledge of the power of the corporate structure. This is because such kind of financial knowledge is no where available in the schools.
This is the true financial education that only rich give their kids mouth to mouth during their school time while poor and middle class don’t.
But to understand the power of the corporate structure, you will need to understand the basic words like financial statement, assets, liabilities, passive income, active income, cashflow and many other things.
Unfortunately, the real financial education is nowhere available on the internet or in the real world and that’s why I have write my own eBook on this.
You can download my eBook – My Journey To Billionaire Club: What Rich Teach Their Kids about money that Poor & Middle class Don’t?
Don’t Worry. My eBook is 100% FREE. You won’t be ask to make any kind of payments or annoying registrations to download my eBook. Just follow the above link and within a split of seconds you will be able to download my eBook.
In my eBook, I have given 6 basic lessons and 10 Commonest Myths about money that the rich teach their kids but the poor and middle class don’t. So learn these lessons on money and also teach your children these lessons.
And yes, Don’t forget to spread this Financial Awareness…!!!
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