Some of the most dangerous financial advice comes from a book your parents probably recommended.
Take the corporation strategy in Rich Dad Poor Dad. It isn’t aggressive tax planning, it’s just illegal. Using a corporation to pay your personal living expenses is tax fraud, and I learned exactly why while studying for the CFP® exam at 16.
After seeing this inforgraphic, you’ll know which chapters are worth acting on, and why his most famous claim is completely backward for most middle-class families.
