Jayson Lowe explains how wealthy people avoid taxes by accumulating assets instead of earning income, then borrowing against those assets since loans aren't taxable. They pass wealth to heirs tax-free at death, a strategy most people never learn.
Your journey, whether it's personally or corporately, your life as an entrepreneur, you're spending a lot of time focused on accumulation. You're accumulating retained earnings. You're accumulating surplus capital. You're accumulating retirement savings. You're accumulating investment. But the fact is, the wealthy do things quietly that you just don't know about. Wealthy people avoid to the greatest extent possible earning income because income is the easiest to track and the easiest to tax. What the wealthy do quietly is they accumulate assets that don't trigger taxable events, and they never decumulate. They borrow against those assets knowing full well that borrowed money is not income. So borrowed money is invisible to the government. And then when they pass away, they leave behind money, assets, et cetera, to their surviving heirs Tax-free. So the wealthy know something that you don't. I go deeper in a free training at learnwithjay.com, or just follow along and I'll keep it simple.
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