ash flow。 For example； by owning your own corporation … vacations are board meetings in Hawaii。 Car payments； insurance； repairs are pany expenses。 Health club membership is a pany expense。 Most restaurant meals are partial expenses。 And on and on … but do it legally with pre…tax dollars。
2。 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； give to the poor。
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。 One book in particular； Inc。 and Grow Rich provides a wonderful insight into the power of personal corporations。
Financial IQ is actually the synergy of many skills and talents。 But I would say it is the bination of the four technical skills listed above that make up basic financial intelligence。 If you aspire to great wealth； it is the bination of these skills that will greatly amplify an individual's financial intelligence。
In summary