A timeshare, often known as vacation ownership, is a commitment to pay for annual trips to the same resort or family of resorts for the rest of one’s life. Today’s guests discuss the key factors to a positive timeshare experience.

Henri Moreau, Founder of Timeshare Properties Inc., says, “Timeshares are a lot like marriage, when you’re in a good marriage you’re close to heaven, when you’re in a bad marriage you’re close to hell.” He goes on to give expert tips on how to avoid timeshare hell, and how to find the right timeshare for your lifestyle. 

Timeshares can also be set up in a business entity for maximum tax benefits. Tom Wheelwright, Rich Dad Advisor on taxes, says, “There are times you want to own it as a business, from a tax standpoint, if you are using it as a business it’s much easier to show business proof if it’s set up in a business name.” 

Hosts Robert and Kim Kiyosaki are joined by guests Henri Moreau and Tom Wheelwright to discuss what a timeshare is, the pitfalls of timeshares, and the tax implications. 

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Disclaimer: The information provided in this episode is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker’s personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.