Buy, Borrow, Die | The Secret Investment Strategy Wealthy Americans Use to Stay Rich

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Күн бұрын

The Buy Borrow Die Strategy is what the wealthiest Americans use to reduce their taxable income. Let's discuss how they invest their money and pay for their expenses.
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⏰ Table of Contents ⏰
0:00 Buy Borrow Die Overview
3:52 Buy
7:15 Borrow
11:58 Die
#FIREPsyChat #FinancialIndependence #BuyBorrowDie
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Disclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary.
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Пікірлер: 20

@FIREPsyChat Жыл бұрын

What are your thoughts on the Buy Borrow Die Strategy? Get your free financial independence resources at www.firepsychat.com/contact.

@iluvsanriofc Жыл бұрын

Hello!! I love your videos!!

@bladedcandle5876 Ай бұрын

You break everything down real well and simple to understand bro. I’ve watched a bunch of videos on same thing and it’s first time it all makes sense. I just subscribed 👍

@Vishanj1202 Ай бұрын

Thank you for this video! Can you please do a video using this strategy with high yield dividend ETF such as :YieldMax, Defiance, Roundhill etc. ? The Yield on these covered call ETF can range from 20% to 100% or more.

@gregoryellis324 Ай бұрын

When the estate sells assets to pay off the loans, won't the estate have to pay capital gains taxes? And because you essentially defaulted on the loans by dying, doesn't that also create a taxable event? What tax rates will apply to the estate when that happens?

@milesa2005 Жыл бұрын

There is alot of focus on federal income tax when it comes to high earner, millionaires and billionaires. However what people miss about this conversation is the total entirety of taxation towards the business from federal, state, county, and local... Meaning, sales tax, depreciation( states that dont have income tax) state income, payroll tax(FICA), property tax, business asset tax, fuel tax, registration etc etc. Everyday Americans are not necessarily getting taxed on those items.

@edwardmacnab354 7 ай бұрын

how do you pay these loans back ? With after tax income ?

@jason60chev 6 ай бұрын

And what about the interest?

@dennykeaton9701 6 ай бұрын

They never say

@victorl225 4 ай бұрын

You can pay with regular income, dividend income, rental income or continue to roll over the loan as the assets grow in value.

@Victoria-jh9uf 2 ай бұрын

@@jason60chev the interest can be written off, and the assets increased value will gradually pay off the loans for you.

@gregoryellis324 Ай бұрын

@@victorl225 The loans eventually have to be paid. He said the assets would be sold to repay the loans at death. I don't see how the estate avoids paying capital gains taxes and regular income taxes to settle the debts.