The wealth-building strategy is simple: buy assets at a low price, hold them as they appreciate in value, and then borrow against their increased worth because loans are not taxable. Use the borrowed funds to purchase additional cash-flowing assets. The income from those new assets is then used to repay the loan. Here’s the key: never sell your original investments. Instead, take out a life insurance policy that matches the amount of debt owed. When you pass away, the tax-free insurance payout covers the debt, and your heirs inherit the original assets completely tax-free and debt-free. This is how wealthy individuals build and preserve generational wealth. I recommend you learn this buy low, sell high and never sell your assets strategy.
““A wise man can play the part of a clown, but a clown can’t play the part of a wise man.””