Before we dissect the content, let’s address the elephant in the room. Why are thousands of people searching for a free PDF of this specific book?
: Relearning that being wrong is often the fastest path to progress.
In the world of personal finance, few names carry as much weight as . Best known for his revolutionary book Rich Dad Poor Dad , Kiyosaki has spent decades challenging the status quo of "go to school, get a job, save money, and retire."
Kiyosaki tells the story of buying a $50,000 property with no money down. He doesn’t mention that leverage multiplies losses as well as gains. A renter’s market crash or a major repair can destroy an unseasoned investor. Happiness of passive income quickly becomes misery of tenant lawsuits.
Look at your garage, closet, and driveway. Kiyosaki argues that "luxury items" are often prisons. Sell the expensive car you can’t afford. Use that cash to buy an asset (a course, a small website, a vending machine). The feeling of dropping a liability is instant happiness .
| TAX CALCULATED ON RECEIPT BASIS | ||||||||||
| Financial Year | 2021-2022 | 2020-2021 | 2019-2020 | 2018-2019 | 2017-2018 | 2016-2017 | 2015-2016 | 2014-2015 | 2013-2014 | 2012-2013 |
| Regime | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
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| Arrears of salary | ||||||||||
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| TAX CALCULATED ON ACCRUAL BASIS | ||||||||||
| Financial Year | 2021-2022 | 2020-2021 | 2019-2020 | 2018-2019 | 2017-2018 | 2016-2017 | 2015-2016 | 2014-2015 | 2013-2014 | 2012-2013 |
| Regime | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Total income excluding arrears | ||||||||||
| Arrears of salary | ||||||||||
| Total income | ||||||||||
| Tax on total income | ||||||||||
| Less rebate u/s 87A | ||||||||||
| Tax after rebate | ||||||||||
| Education cess | ||||||||||
| Total Tax | ||||||||||
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| Relief u/s 89(1) ie, Total Tax (A)-Total Tax (B) | ||||||||||