Buy, Borrow, Die recorded 2016 legacy show

People assume the rich this country are cheating on their taxes. The reality is that the poor and middle class and BEING CHEATED because they don’t understand the tax code. The fact is the tax code is confusing on purpose and you need a savvy accountant to take advantage of the rules in place that help the rich pay less taxes than they would without financial knowledge. In this episode we’ll learn the strategies the rich use to get their money back from the government from Tom Wheelwirght (Rich Dad Tax Advisor, Author of TAX FREE WEALTH) and Edward McCaffery (CNN contributor, Author of FAIR NOT FLAT: How to Make the Tax System Better and Simpler).

[@josemena7644]

Thank You 🙏🏼
Great content I’ve applied since it was first published to YT.
Saying that the results have been amazing is an understatement.
Thank You, Robert, Kim, & Tom…
Sincerely 🙏🏼

[@eljuancho2]

Fantastic! Just bought your first book rich dad poor dad, then your next book, 14years in the USA opened my eyes finally I feel free! Here we go! Investing in my self, learn while I make $, make my business, invest in rental apartments with high roi, set up my llc then stay Corp I'm ready baby! 😎💰

[@harikrishnanchandramohan4209]

Pls someone explain this to me.
1. How do you pay back your loan without selling your assets.
2. What if you wanna sell assets to buy new assets.
In both cases, you anyway have to sell your assets and realize capital gains, which in turn defeats the purpose of buy, borrow, die.

[@Titan_Equity]

I'm trying to find this explanation as well. The only thing I can think of is you would pay yourself a salary from all your assets that is equivalent to the interest payments owed. Obviously then you'll be paying income tax but the income tax owed and interest owed is still less than what you would have paid. If I borrowed $1,000,000 at 2% against my assets I would pay $20,000. If I were to pay myself that $1,000,000 I would pay 40% in taxes which is $400,000 and be left with $600k. I'd much rather pay myself and get taxed on a salary of $20k a year to cover the interest payments than to take a salary of $1M and pay $400k.

[@phillipkgame4480]

@@Titan_Equity you borrow not as an individual but a company but use money for personal stuff and then pay the instalment of the loan as an expense incurred by the business which will be deducted before tax further avoiding tax
.

[@paulrey8036]

Robert - Great job! But You are saying that You make a partnership with a government so then you pay less taxes - I want to stress that it is only great defence strategy. But my heart and brain know that we need to get rid of the/ big government.. 1.step: defence, 2. step: remedy = killing government. An individual is more than Government !!! Individuals should rule/hire government not the other way around!

[@smbh9715]

if anyone sees this, i need help. i cant find edward mccaffery’s “buy, borrow, die” book

[@Krystianc98]

this one was great and simple.
just focus on passive income and start investing toward that and not liabilities right now.

[@thomasthorne4010]

YUP !!!!!!!

Kiyosaki's a Legend

[@qbnj806]

💲