Many ask what a proven and effective strategy is to build wealth and minimize taxes. The number one strategy that many savvy investors utilize is the Buy, Borrow, and Die method. This approach involves purchasing appreciating assets, such as real estate, and leveraging them through borrowing.
The beauty of this method is that the borrowed funds are not subject to taxation, and any capital gains from the eventual sale of the asset can be deferred through various methods like 1031 exchanges.
As a result, numerous wealthy business owners have been able to amass fortunes while minimizing their tax exposure.
Watch this video: The Tax Strategy That Wealthy People Use
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