Page 70 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

64 I CHAPTER FOUR

The choice is yours. You can choose which "wealth =energy" equation
you want.
I became a partner in oil exploration ventures because I wanted to be
on the side of the rich. Today, I continue to invest in oil and gas
partnerships...just as I was doing back in the 1970s and 1980s.
Today, the tax breaks (while not as good as they were in the past) are
still enticing. For the $100,000 I invest today, while not receiving a 4-to-l
write-offlike I did in the past, can still receive a 70 percent write-offplus a
15 percent depletion allowance. That means I receive a $70,000 tax break
when I invest, and for every dollar of income, I also get a 15 percent tax
break, which means I earn more and pay less in taxes. Try getting that with
savings, stocks, bonds or mutual funds. Knowing how to earn money and
pay less in taxes is financial intelligence.
The trick for me was to find an honest oil company. As my rich dad said
to me years ago, "The definition of an oil man is a liar standing next to a
hole in the ground." You can also substitutegold miner for oil man.
Today, although I make a lot ofmoney from my books and games, most
ofmy wealth comes from my gold mine in China, my silver mine in South
America, and my real estate companies and oil partnerships in the United
States.
Every time a reporter asks me, "Isn't the best way to get rich to write a
book about getting rich?" I chuckle. In reply, I simply say, "If you think
writing an internationally best-selling book and creating an educational
board game iseasy, why don't you do it?" In my opinion, it ismuch easier to
find oil or gold than to write a best-selling book.
Donald Trump and I write books because we are very concerned that
Americans and people allover the world are in for turbulent financial times
ahead. We hope we are wrong, but our concern is that millions ofpeople
will be financially damaged from the financial storms that are threatening.
Our message is, with the proper financial education and preparation, you
can increase your financial IQ and ride the rough waters to become richer
rather than poorer.

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