Speaker 1: What if I told you the richest people in the
Speaker 1: world don't just pay less taxes, They pay nothing and
Speaker 1: it's completely legal. Now. I learned this the hard way.
Speaker 1: In my twenties, I sold my first business. I saw
Speaker 1: millions of dollars in my bank account for the first time,
Speaker 1: and I also saw my first million dollar tax bill.
Speaker 1: Let me tell you, nothing wakes you up faster than
Speaker 1: realizing nearly half of your hardener and income is about
Speaker 1: to vanish overnight. That's when I got obsessed. I spent
Speaker 1: years learning the same tax strategies that billionaires used to
Speaker 1: legally pay nothing. I found out it's not about offshore schemes.
Speaker 1: It's a simple strategy and the best part is most
Speaker 1: people can do it. But here's the catch. They don't
Speaker 1: teach this in school, and your CPA they don't know
Speaker 1: it either. This isn't about just filing taxes. It's about
Speaker 1: building a system and playing the same game the one
Speaker 1: percent have mastered. So in this video, I'm gonna show
Speaker 1: you exactly how it works. I'm gonna show you how
Speaker 1: you can live tax free, how you can build well faster,
Speaker 1: how you can create a legacy for generations, stay until
Speaker 1: the end because this could change change everything about how
Speaker 1: you think about money forever. So let's go all right,
Speaker 1: now we're talking about some really fun stuff here. Today
Speaker 1: we're talking about wealth killers. Well, actually it's about how
Speaker 1: we multiply our wealth faster than ever. And look, these
Speaker 1: strategies work for anybody. Doesn't matter what city, state, country
Speaker 1: you're in, doesn't matter what tax bracket you're in. This
Speaker 1: is gonna work for you. Okay, So multiplying your wealth.
Speaker 1: That sounds fast, that sounds better. But the first one
Speaker 1: is that we have to stop killing our wealth. And
Speaker 1: of course we do that with taxes. One of the
Speaker 1: two I call it three uncertainties in life. They say
Speaker 1: death and taxes, or the two uncertain deason in life,
Speaker 1: or a certain deason life. I would also call money
Speaker 1: printing as a certainty. Anyway, Taxes is the way we
Speaker 1: lose the most wealth, not just taxes. Also divorce. We
Speaker 1: lose about half that way as well. All right, what
Speaker 1: happens is when we pay taxes, when we give a
Speaker 1: big chunk of our wealth over to your partner, the government,
Speaker 1: it leaves you less money to invest. But most people
Speaker 1: don't really understand exactly what this means. And how much
Speaker 1: this costs you, and a cost you in a bunch
Speaker 1: of ways. Now, first of all, when I give up
Speaker 1: a big chunk of my wealth and then I hopefully
Speaker 1: invest what I have left over. If I have any
Speaker 1: left over, I have less money to invest, which means
Speaker 1: less money to go up. But it's not just less
Speaker 1: money to go out. Remember, building wealth is not linear,
Speaker 1: it's exponential because of compounding. So not only do I
Speaker 1: have less to invest in the beginning because of the
Speaker 1: law of compounding, I lose way more over time. I'm
Speaker 1: going to show you what I mean by that. The
Speaker 1: other thing is that there's a double drag again, so
Speaker 1: it's not just the upfront how much I lose, but
Speaker 1: the compounding. So first of all, let's talk about this,
Speaker 1: and I'm gonna show you a couple of charts so
Speaker 1: you can understand what I mean. And then I'm going
Speaker 1: to show you, no matter where you live in the world,
Speaker 1: how you can fix this problem, how the wealth you do. Okay,
Speaker 1: so first off, in the United States, we pay federal taxes,
Speaker 1: and depending on what state you're in, you pay state
Speaker 1: taxes too. Depend on how much money you make, you
Speaker 1: pay a higher percentage if you make over six hundred
Speaker 1: thousand a year, you're paying thirty seven percent. That's tough.
Speaker 1: If you're making a one hundred dollars over one hundred
Speaker 1: thousand year, twenty five percent. Four percent, okay, So somewhere
Speaker 1: in that range one hundred and ninety to two hundred
Speaker 1: and forty thousand and thirty two percent of your wealth.
Speaker 1: That's just federal. Now, depending on where you live, you
Speaker 1: might also have state taxes as well. So, for example,
Speaker 1: if you're lucky enough to live in the beautiful state
Speaker 1: of California, and you're in the top tax bracket over
Speaker 1: a million dollars, you're paying thirteen and a half percent,
Speaker 1: So you're paying the federal thirty seven percent you're paying
Speaker 1: the state. Now you're over fifty percent. Over fifty percent
Speaker 1: of your wealth is being taken right there, Hawaii, second,
Speaker 1: New York's. New York's right there, ten point nine, New
Speaker 1: Jerseys ten point seven, and on and on and on.
Speaker 1: So if you're in the top tax bracket, over half
Speaker 1: your wealth is being gone before you've paid property taxes
Speaker 1: and sales taxes and payroll taxes, and on and on
Speaker 1: and on. We're just talking about income wealth, But what
Speaker 1: happens is is you lose money exponentially because of the
Speaker 1: tax drag. So, for example, if I made a million
Speaker 1: dollars of profit and I paid if I paid forty
Speaker 1: percent tax versus if I just paid fifteen percent. Now
Speaker 1: let's say that I made a million dollars, I paid
Speaker 1: forty percent tax, so I have six hundred thousand left over,
Speaker 1: or I paid I earned a million dollars, I paid
Speaker 1: fifty percent tax, and then that money just went into
Speaker 1: an account making eight percent interest. What would happen. What
Speaker 1: we can see is if I was taxed at forty percent,
Speaker 1: the portfolio grows to two point two million. But if
Speaker 1: I'm taxed at fifteen percent, the same portfolio, the same
Speaker 1: investment pays five point two million. That's a difference of
Speaker 1: three million dollars or nearly two and a half times greater.
Speaker 1: So just by lowering the tax break bracket, same income,
Speaker 1: same return on investment, it's two and a half times
Speaker 1: greater because not only do I start with less money
Speaker 1: because the law of compounding, it really eats into my growth.
Speaker 1: Now because of this, we see people doing all types
Speaker 1: of drastic things like for example, California lost more workers
Speaker 1: than it gained as professionals flee to low tax states.
Speaker 1: So people are leaving the beach to go live in
Speaker 1: the heat, to go live in the desert, to go
Speaker 1: live in the planes, the bug infested areas, or whatever
Speaker 1: because they're tired of paying too much taxes. But what
Speaker 1: if you didn't have to move? What if you could
Speaker 1: live in the highest tax state, the most beautiful state
Speaker 1: in the country, and not have to pay the taxes legally.
Speaker 1: As a matter of fact, the government love it if
Speaker 1: you did this. So let me show you what I mean. Now,
Speaker 1: the first thing to understand is you have to understand
Speaker 1: that there's different types of income, and there's different types
Speaker 1: of taxes for that income. So earned income, earned income,
Speaker 1: which is wages and salaries, pays way too much taxes.
Speaker 1: The tax code favors investors. So passive income is tax
Speaker 1: differently than earned income. Passive income is income we learn
Speaker 1: earn from investments as opposed to wages and salaries. Now
Speaker 1: why is this the tax code favors investors? These are
Speaker 1: not loopholes of the rich. Okay, the government has policies.
Speaker 1: The government needs people to build businesses and increase the
Speaker 1: GDP and invent new things. And also, yeah, give people jobs,
Speaker 1: and it needs people to provide housing and to build
Speaker 1: roads and do all of these things. The world needs builders.
Speaker 1: That's what I constantly tell people all the time. We
Speaker 1: need entrepreneurs, we need builders, we need investors to build
Speaker 1: the world. We're not meant to be consumers. So if
Speaker 1: all you are going to be a consumer and you're
Speaker 1: going to go work your for nine to five job,
Speaker 1: go home, spend all your paycheck on Netflix and whatever,
Speaker 1: you're a consumer and you're going to pay the most.
Speaker 1: But if you're actively helping to progress the world forward,
Speaker 1: bring value to the world by investing in businesses and
Speaker 1: things like that, you get tax better. So it's an
Speaker 1: incentive program and not a loophole. Okay, that being said,
Speaker 1: how can anybody do this? How can we start to
Speaker 1: make the shift. You're a wage earner, you're on a
Speaker 1: salary a W two. This doesn't qualify this, It doesn't
Speaker 1: apply to you. Yes it does. What happens is we
Speaker 1: can shift over time. The key piece here is this
Speaker 1: isn't something that tomorrow I can pay no tax. And
Speaker 1: so most people don't understand this or they never take
Speaker 1: the time to learn it. It's something that I'm going
Speaker 1: to have to build into my portfolio and depend on
Speaker 1: where you're at, it could take longer or shorter. If
Speaker 1: you're already a business owner and you make a good
Speaker 1: amount of income, you can do this very quickly. If
Speaker 1: you're a W two waydarner, it's going to take you
Speaker 1: a little bit more time. Okay, So we need to
Speaker 1: make a shift. So the first thing is again we
Speaker 1: have to shift into passive income because passive income wins.
Speaker 1: Like I said, with the lower rates. There's a lot
Speaker 1: of reasons why that happens. A small business owner, are
Speaker 1: you buried in all types of work keeping you from
Speaker 1: the real thing that makes you money. Well that's where
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Speaker 1: Because of the earned income versus passive income, you can
Speaker 1: see the difference in the growth that we can make.
Speaker 1: So there's a lot of reasons doing the same work,
Speaker 1: earning the same income, earn the same rate of return.
Speaker 1: The outcomes of your retirement are drastically different, or I
Speaker 1: should say even the rate that you'll reach your retirement. Now,
Speaker 1: what we want to do is we want to shift
Speaker 1: some of our earned income into passive incomes. So for example,
Speaker 1: I take my wage income and I buy investments. Take
Speaker 1: real estate. For example, I like real estate because real
Speaker 1: estate gets us lots of tax advantages. Now there's a
Speaker 1: whole letter strategy of how we stack different investments in
Speaker 1: proper sequence. It's called the Velocity of Wealth. You might
Speaker 1: want to watch that video. I'll link to it down
Speaker 1: below so you can learn the next part. But I'll
Speaker 1: use real estate first because I get very very good
Speaker 1: tax right off from depreciation and deductions. So let me
Speaker 1: give you an example of how this works. I could
Speaker 1: take my earned income I earned my salary deputy, I
Speaker 1: can put it into a rental property. Let's say rental
Speaker 1: property makes me one hundred thousand dollars a year back.
Speaker 1: That's enough to live off of. So I put my
Speaker 1: earned income in. I now get passive income that I
Speaker 1: can write off. I have about twenty thousand dollars in
Speaker 1: expenses maintenance, property management, et cetera. And then I can
Speaker 1: write off thirty six thousand dollars for depreciation. And then
Speaker 1: that lowers my taxable income that I'm earning on my
Speaker 1: wage job down to forty four percent, even though I
Speaker 1: got the eighty thousand dollars in taxes. You see, this
Speaker 1: is just one small example. But I get the cash
Speaker 1: flow the eighty thousand, and I lower my taxable income,
Speaker 1: which then lowers the amount or the percentage I pay.
Speaker 1: Remember it's all based off of brackets, all right. So
Speaker 1: what we can do is we can start to make
Speaker 1: the shift. Take my earned income, move to passive. Maybe
Speaker 1: it takes me a little bit longer, it can be
Speaker 1: other types of passive income could be dividend paying stocks,
Speaker 1: whatever you want to do. Now there's even better because
Speaker 1: with real estate we get and different types of property
Speaker 1: could be bitcoin miners, could be heavy equipment, could be
Speaker 1: real estate. I also get bonus depreciation accelerate depreciation. In
Speaker 1: Trump's original first term, he gave us this and we
Speaker 1: got one hundred percent. It's it's dwindling down to eighty
Speaker 1: percent and then sixty percent. We're hoping, crossing our fingers,
Speaker 1: he reinstates it. But basically, I could buy a million
Speaker 1: dollar asset that qualifies if I have a million dollars
Speaker 1: of income. I could buy the million dollar asset with
Speaker 1: say twenty percent down two and a grand, but then
Speaker 1: get a million dollars of write off right. And the
Speaker 1: government wants you to do this. They're incentivizing you do
Speaker 1: this now. As I said, this is not something that
Speaker 1: you can just do overnight. This is something has to
Speaker 1: be done proactively. This isn't something where you get your
Speaker 1: paperworkd end of the year in a bank statements to
Speaker 1: go to h in our block. This is something where
Speaker 1: you have to hire a tax strategist, not your CPA.
Speaker 1: This is a tax strategist, and you plan this out.
Speaker 1: You buy things strategically so you can start to build
Speaker 1: this plan out. And I'm going to show you it
Speaker 1: gets super powerful. Now, if you don't know who a
Speaker 1: tax strategist is or what they do, We're gonna have
Speaker 1: my tax strategist on a live presentation with me. It's
Speaker 1: coming up. It's an event called the Wealth Accelerator. If
Speaker 1: you want to accelerate your wealth super fast using strategies
Speaker 1: like this, I'm gonna have my tax strategists on. We're
Speaker 1: gonna go live for three days showing you how to
Speaker 1: reclaim more of your time, how to keep more of
Speaker 1: your income with these strategies, and then once you've kept more,
Speaker 1: how you can multiply it super fast by stacking them
Speaker 1: in the proper orders. I'll put a link down below
Speaker 1: or something on the screen here if you want to
Speaker 1: join that wealth accelera event. I'll be live three days
Speaker 1: right from here. My tax strategists other professionals that I use,
Speaker 1: will be on that call. Okay, so now we understand
Speaker 1: that we make the shift from earned income to passive income.
Speaker 1: How do we then start multiplying the wealth even faster. Again,
Speaker 1: there's a whole strategy about stacking assets and the velocity wealth.
Speaker 1: But right here, the first thing is I said already
Speaker 1: we're keeping more, So just the fact that we're keeping more,
Speaker 1: so we're investing six hundred thousand instead of three hundred thousand.
Speaker 1: That obviously is step number one, number two. Because of that,
Speaker 1: it's compounding faster. Okay, but these strategies are not just
Speaker 1: about earning more money. It's about controlling how much taxes
Speaker 1: I pay, and more importantly, when or if I even
Speaker 1: pay taxes. So how is that? Well, if we want
Speaker 1: really tax free wealth, what we do is, again we
Speaker 1: shift our earned income into passive income. Then what we
Speaker 1: do is we use debt so then we can borrow
Speaker 1: against our assets. When we do that, we get all
Speaker 1: the liquidity out without paying any tax. And then what
Speaker 1: we do is we reinvest that tax free income, that
Speaker 1: tax free liquidity to multiply more tax write offs for us.
Speaker 1: Let me show you what I'm talking about. So let's
Speaker 1: just say that I've bought a property. It's now gone
Speaker 1: up in value. I fixed it up, I added on
Speaker 1: to it whatever it is, and now I have equity.
Speaker 1: Let's say I have five hundred thousand dollars equity I
Speaker 1: can pull out of that property. I've refinanced it five
Speaker 1: hundred thousand out I use that five hundred thousand dollars
Speaker 1: of tax free income, tax free wealth that I can
Speaker 1: now go put down on a one point five million
Speaker 1: dollars property. And let's just say that that now that
Speaker 1: rental property is now bringing me in one one hundred
Speaker 1: and fifty thousand dollars a year two hundred thousand dollars
Speaker 1: a year of now passive income. So five hundred thousand
Speaker 1: tax free a one point five million dollar property that's
Speaker 1: now going up at about ten percent a year, I
Speaker 1: get now two hundred thousand dollars a year of passive
Speaker 1: income coming in that's now taxed at a much lower rate.
Speaker 1: And even better, I get maybe another one hundred thousand
Speaker 1: dollars of depreciation that I can write off. So now
Speaker 1: by borrowing the money out, not only am I increasing
Speaker 1: my wealth growth, I'm increasing my passive income. I'm also
Speaker 1: increasing my write offs, which means I get a write
Speaker 1: off even more income. Now, again, this has to be
Speaker 1: done through a proactive approach, and so it takes some time,
Speaker 1: depending on how much money you have or where you're at. Now,
Speaker 1: it gets even better now when you start thinking about
Speaker 1: long term planning. So if you think about society, you know,
Speaker 1: on the bottom level you have somebody living on the street,
Speaker 1: maybe a drug addict to alcoholic, and they're thinking about
Speaker 1: the next hit, the next drink. Right on the other end,
Speaker 1: you have Elon Musk and he's thinking about sending multiple
Speaker 1: generations from now to Mars, right, And so how far
Speaker 1: are you looking ahead? And so to really build wealth,
Speaker 1: we want to think a little bit more proactive, think
Speaker 1: long term. And if we really want to get rid
Speaker 1: of taxes, we can get rid of our tax base altogether.
Speaker 1: And we can do that by dying with debt. Now,
Speaker 1: there's a couple of ways we can do this as
Speaker 1: a strategy that I'm sort of using. This die with
Speaker 1: debt or borrow buy, borrow die. You might have heard
Speaker 1: of that before. Basically, what we can do is I
Speaker 1: can buy a property and I can then pass it
Speaker 1: on to my kids and then they can step up
Speaker 1: the basis. So what does that mean. Let me give
Speaker 1: you an example. So let's just say there's two ways
Speaker 1: we can do This is the first way. It's not
Speaker 1: my favorite way. So let's say that I bought a
Speaker 1: million dollar property and when I die, the property is
Speaker 1: worth five million dollars. Not unlikely, they'll probably be more
Speaker 1: than that. It's worth five million dollars. What I can
Speaker 1: do then is I can give that property to my
Speaker 1: heerrs to my kids, and now my kids have this
Speaker 1: property with a new stepped up basis of this four
Speaker 1: million dollars. So now if they want to sell it,
Speaker 1: they don't have to pay So let's say they want
Speaker 1: to sell in the future for ten million. Instead of
Speaker 1: paying the difference of one million to ten million, which
Speaker 1: is nine million dollars of taxes they would owe, now
Speaker 1: they only pay it off of this value, so they
Speaker 1: step it up. So that's how we really get rid
Speaker 1: of those taxes. There's another way. My more preferred way
Speaker 1: is by using non revocable trusts. So if I create
Speaker 1: non revocable trusts, I can put certain assets into those
Speaker 1: that my kids my heirs could have and it doesn't
Speaker 1: trigger a transfer and so there's no taxable event there
Speaker 1: as well. Now it doesn't step up the basis. So
Speaker 1: depends on what your strategy is. If you're really planning
Speaker 1: long term, you don't care about the basis. If your
Speaker 1: kids maybe want to sell the properties, then you do
Speaker 1: want to step up the basis, So it depends. But
Speaker 1: when you get here, then you really start thinking about
Speaker 1: your legacy. Then you can really build tax free wealth,
Speaker 1: which again helps you multi play wealth faster, helps your
Speaker 1: kids multiply wealth way faster, and on and on. And
Speaker 1: I know that there's this whole thing going on today.
Speaker 1: There's a book written, Die with Zero. I think it's
Speaker 1: a terrible way. I think about this blockchain of life,
Speaker 1: Like my life is this proof of work. I'll put
Speaker 1: a lot of value into the world. We built up
Speaker 1: some wealth. Why wouldn't I want my heirs, my kids,
Speaker 1: my great grandkids to have a higher step up in life. Now, look,
Speaker 1: I'm not talking about you know, I want them to
Speaker 1: have a higher starting point. I'm not talking about a
Speaker 1: hand up. I'm not talking about where they have enough money.
Speaker 1: They ever have to work and they're lazy and they're
Speaker 1: terrible people. But I like, why not have money that
Speaker 1: they could borrow against to start a business or do
Speaker 1: something productive with their life. Now, this is a whole
Speaker 1: other video. I do something about it. So I in
Speaker 1: my trust, I have what's called a family constitution. It's
Speaker 1: a set of rules the mayors I have to live with.
Speaker 1: And we can get into that conversation. I don't want
Speaker 1: to get into all that. But what I'm saying is,
Speaker 1: why wouldn't we want to think about wealth. We can
Speaker 1: grow it faster, we can get rid of taxes, we
Speaker 1: can push more value into the future. But like I said,
Speaker 1: you have to do this proactively, and the government doesn't
Speaker 1: look down on this. They actually want you to do this.
Speaker 1: That's an incentive if you want to learn these strategies
Speaker 1: and meet my tax strategist and we'll give you twenty
Speaker 1: twenty five tips that you can use almost immediately for
Speaker 1: twenty twenty five to lower your taxable income right away,
Speaker 1: no matter where you're at. Come check out the event.
Speaker 1: I'm calling it the Wealth Accelerator. I'll be live right
Speaker 1: here from the studio for three full days. I'm bringing
Speaker 1: in a bunch of experts to reclaim more of your time,
Speaker 1: to keep more of your income, and to multiply your
Speaker 1: wealth faster than you've ever thought. Make twenty twenty five
Speaker 1: the best year. There's a link down below. Otherwise, let
Speaker 1: me know what you think about this strategy. Is it
Speaker 1: a loophole? Do you feel bad by using it or
Speaker 1: do you understand the government wants you to use it
Speaker 1: and incentivize you. Let me know in the comments down below,
Speaker 1: and that's what I got, all right to your success.
Speaker 1: I'm out.