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During the Age of Exploration, when European nations were exploring and colonizing new parts of the world, sea voyages were incredibly risky. Ships could be lost at sea due to storms, pirates, or navigation errors, leading to enormous financial losses for those who funded these expeditions. To manage this risk, investors created a new legal entity called a "corporation." By forming a corporation, multiple investors could pool their resources to fund a sea voyage, and the corporation would own the ship and its cargo. If the voyage was successful, the profits would be shared among the investors. However, if the ship was lost, the investors would only lose their investment in the corporation, not their entire personal wealth. This limited liability is a key feature of corporations. Kiyosaki draws a parallel between these early corporations and modern ones. He explains that corporations continue to provide similar benefits-limiting personal liability and offering tax advantages. The wealthy use corporations to legally pay fewer taxes and protect their personal assets, much like how investors used corporations to protect their wealth during the age of sea exploration.

@@inside_mind-aburningdesire woah u explained it so nicely! Thanks for the information!!

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That's totally fair. This topic can be a little tricky.

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Thank you so much for your kind words and encouragement! I am thrilled to hear that my videos have been helpful to you in your learning journey. Your support and motivation mean a lot to me. I will keep creating content to help you and others understand concepts better and inspire further learning.

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Thank you 🙏 Ye book mujhe accha laga hai

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I appreciate your enthusiasm for learning. It's my pleasure to share knowledge with you on my UA-cam channel. Your feedback and engagement are what keep this channel going strong! 🎓📺

Keep reading Keep learning Keep growing.......

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You're very welcome! I'm glad you found the book summary helpful. Your support means a lot, and I truly appreciate it.

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Main video banane ki jarur koshish karunga..

Definitely, main video banane ki puri koshish karunga.

Thank you so much for your kind words! Your appreciation means a lot to me, and I'm thrilled to hear that you found the video valuable. I'll definitely keep up the good work and continue creating content that helps you and others. If you ever have more requests or feedback, feel free to reach out. Thanks again! 🙏😊

I will try to answer your question.

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Thank you bhai for your kind words ❤

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Working on it. 🥰🥰