Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future

Protection from lawsuits
We live in a litigious society. Everybody wants a piece of 
your action. The rich hide much of their wealth using 
vehicles such as corporations and trusts to protect their 
assets from creditors. When someone sues a wealthy 
individual, they are often met with layers of legal protection 
and often find that the wealthy person actually owns 
nothing. They control everything, but own nothing. The 
poor and middle class try to own everything and lose it to 
the government or to fellow citizens who like to sue the 
rich. They learned it from the Robin Hood story: Take 
from the rich, and give it to the poor.

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Chapter Four: Lesson 4
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It is not the purpose of this book to go into the specifics of owning
a corporation. But I will say that if you own any kind of legitimate assets,
I would consider finding out more about the benefits and protection 
offered by a corporation as soon as possible. There are many books 
written on the subject that will detail the benefits and even walk you 
through the steps necessary to set up a corporation. Garret Sutton’s 
books on corporations provide wonderful insight into the power of 
personal corporations.
Financial IQ is actually the synergy of many skills and talents. 
I would say it is the combination of the four technical skills listed 
above that make up basic financial intelligence. If you aspire to great 
wealth, it is the combination of these skills that will greatly amplify 
your financial intelligence. 
In summary:
Business Owners
Employees Who Work
with Corporations 
for Corporations
1. Earn 
1. Earn
2. Spend
2. Pay Taxes
3. Pay Taxes 
3. Spend
As part of your overall financial strategy, I recommend that 
you learn about the protection that legal entities can provide for 
businesses and assets. 

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Chapter Five