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Rich Dad Advisors: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes Audio CD – Audiobook, CD, Unabridged

by Tom Wheelwright (Author), Author (Reader)
4.3 out of 5 stars 165 customer reviews
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Product Details

  • Series: Rich Dad Advisors
  • Audio CD: 1 pages
  • Publisher: Hachette Original; Unabridged edition (February 12, 2013)
  • Language: English
  • ISBN-10: 1619697254
  • ISBN-13: 978-1619697256
  • Product Dimensions: 5.2 x 0.8 x 5.8 inches
  • Shipping Weight: 5.6 ounces (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (165 customer reviews)
  • Amazon Best Sellers Rank: #65,659 in Books (See Top 100 in Books)

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Customer Reviews

Top Customer Reviews

3.0 out of 5 starsSome great concepts, but perhaps pushing the boundaries a bit
By Barb on April 6, 2013
Format: Kindle Edition Verified Purchase
Light bulb moment: Wheelwright's stress on the concept that the bulk of the tax code is there to provide incentives for doing one thing or another, and that you can be a lot wealthier by choosing to actively participate in ways the tax system rewards. I really hadn't thought about it in that particular way, but he's spot on. His corollary -- finding a tax accountant who can prospectively guide you into thinking through ideas in this tax-efficient way is also a really good one. I've spent a lot of time learning about my taxes, but this new vantage point has given me a lot of really good ideas that I'll be working on over the next few years, and that will certainly influence some restructuring of my business. (The concept of having one type of entity -- like an S corp -- being a member of another -- like an LLC -- in order to put activities and expenditures in the most helpful place was really illuminating.)

However, the continued statements that anything can be deducted if you just handle it the right way are disingenuous, and some people may try to stretch and get into completely indefensible situations based on his broad and often repeated statement. Everything is not potentially deductible. It is also a very padded book, with the author stretching to increase the word count to make it "book length".

Still it is a helpful book if the ideas are taken with a grain of salt, and it has really helped me think about taxes in a different way.
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4.0 out of 5 starsThe Good, The Bad, and The ehh...
By syberlane on March 15, 2013
Format: Paperback Verified Purchase
For what it's worth, the book is a good value for the money and here I'll attempt to present my honest overview of what it is, what you can expect, and what not to expect.

The book is written in plain English and attempts to explain in a straightforward way how taxes work and how as an investor you can benefit from the tax code, and what to be careful with. He does this by giving a few examples along the way that illustrate his point. To that I will add that some of his advice is overly vague filled with very general rules that the average person may find themselves scratching their heads, thinking, would that even apply to me, or, what the ____? I say this because the tax code is 10s of thousand of pages long and there is no way that a non technical book with about 250 pages is going to even scratch the surface of the behemoth that we have all come to love and embrace.

What you should not expect from this book is a silver bullet that starting next year you tax liability is going to drop by 50%. You can think of it as something like a financial crystal ball that gives you a handful of clues with little glimpses into the future but never giving you a solid answer. With the exception of a few things like cost segregation and accelerated methods of depreciation the rest of the strategies are going to require homework, research, and the help of a good accountant who is willing to work with you for a reasonable price and be knowledgeable in your industry. Remember, not all accountants are created equal and most of the states with the exception of a few have multiple levels of taxation that are not bound by federal law.

Overall the price to value ratio is pretty good regardless of your income tax IQ, even if you get nothing new of value it's an entertaining read.Read more ›
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5.0 out of 5 starsFinally, the "Rich Dad" Principles Are Clear
By Andrew Stock on February 4, 2013
Format: Kindle Edition Verified Purchase
If you are a fan (or student) of the "Rich Dad, Poor Dad" series, and understand those basic principles, but may feel as if you are still missing a piece of the puzzle toward building wealth----then you must read this book. This book will fill that void.

This book ties all the Rich Dad principles together and demonstrates how and why they work to build vast wealth over a lifetime---and beyond---for generations to come. I truly understand now why the old adage of "the rich just keep getting richer" is so true: the tax code.

However, be warned that this book may seem somewhat controversial to some due to its right-wing political overtones. I can see how those from the left may get offended by what this book teaches: using the tax code to pay very little tax; or legally paying no taxes while having other people pay them for you.

This book may also be offensive to some who may experience an "Ah-ha!" moment when they realize how their own political leaders use the tax code to become very, very wealthy. Meanwhile those leaders hypocritically campaign that they are "working for the little guy" while surreptitiously robbing their own constituency though the legal use of the tax code. This reality is rife with irony.

I don't think Wheelwright had the intention for this book to be confrontational. However, the truth hurts, and this book demonstrates the truth of why "the rich" get rich----and stay rich.
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5.0 out of 5 starsFinally! A tax book that lifts the veil for everyone!
By Brian Yen on July 12, 2012
Format: Paperback Verified Purchase
There is so much I could say about Tom Wheelwright's book and still not do it justice. So many of us "common folk" have grown up fearing the tax code because it seems more incomprehensible and scary. Often, the tax collector carries the same ominous aura of dread associated with the boogie man!

But, Tom is extremely intelligent, talented and passionate. And, as we all know, passion drives excellence. Tom's incredibly thorough understanding of taxes from concept to inception makes his insights incredibly valuable. The key value is that he can accurately demystify taxes for nearly everyone to understand. His explanations are easy to follow and the book covers many aspects of taxes to, not only apply to whatever the reader's current financial situation is, but it also explains the simple concepts available to all people to move forward to a brighter financial future. It is very clear that this book is intended for anyone with an open mind to looking at taxes differently and using that knowledge to their own advantage.

This book takes the fear out of being taxed. It brings understanding of how the tax system works and how it can work to the taxpayer's advantage. I bought this book the first day it became available on Amazon and I read it all the way through in 2 days and will keep re-reading it for many years. I even bought a copy and gave it to my tax preparer saying, "Read this. This is how I want to formulate my tax strategies from now on. Let me know if you can keep up."
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Most Recent Customer Reviews

4.0 out of 5 starsGreat Content!

A lot of information in this book. Should have taken notes.

Published 12 days ago by C. Hotovec
4.0 out of 5 starsFour Stars

Great!

Published 17 days ago by Amazon Customer
4.0 out of 5 starsFour Stars

Very informative, if not legally edgy grey.

Published 21 days ago by L. Brown
1.0 out of 5 starsEspecially people who have not read Rich Dad and Poor Dad would...

It does not meet my expectation. Especially people who have not read Rich Dad and Poor Dad would understand a thing. Not recommended.

Published 29 days ago by Mawii
5.0 out of 5 starsMust have.

Lots of advices, a must have for every business man.

Published 1 month ago by Vinicius
5.0 out of 5 starsA wealth of really good information.

A wealth of really good information.

Published 1 month ago by Alan Austin
5.0 out of 5 starsReadable, informative, reassuring (and here's a quick way to tell if...

Very reader-friendly style that will instantly appeal to anyone who has been made to feel ignorant by their C.P.A. Read more

Published 1 month ago by Giuseppe C.
5.0 out of 5 starsGreat Read, Good Price and Less Taxed this Year

I could not put this book down it was so good. Some confusion that I need to go back and read and highlight things I missed. Read more

Published 1 month ago by Amazon Customer
5.0 out of 5 starsA book that helps you understand taxes the right way.

I don't think Wheelwright had the intention for this book to be confrontational. However, the truth hurts, and this book demonstrates the truth of why "the rich" get... Read more

Published 2 months ago by Alex I.
5.0 out of 5 starsGreat bok

Easy to read and apply the knowledge learned!

Published 2 months ago by Marietta Klausmeier

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