High IQs really annoying to deal with tbh. You give them a piece of information and instead of accepting it at face value they need to integrate it into/validate it with their mental models. And if it doesn’t fit you have to endure this line of questioning until the dissonance get resolved.
Dave Ramsey tells a husband to reject his parents' $300K gift because they want to protect him from his own wife
Caller: "My parents want to give us $300K for a house, but they want the title structured to protect me if my wife and I ever split"
Dave: "If the gift is contingent upon splitting you and your wife, and to protect you from your wife, NO thank you"
"They are now interfering in my household. They came across my threshold"
"Sorry mom and dad, you don't get that level of control. You don't have enough money to do that"
@imericrife Yeah, taxes are only one (small) part of the economics of most investments. Unfortunately, lot of bad actors who market on tax savings to sell crappy investments, whether real estate, O&G, etc.
@Cernovich Part of the acceleration has been how I get little less out of each day. What would’ve taken a week with a case of red bulls takes a month instead, so there’s this timeline dilution.
@ccmembersonly Corpo moms and stay at home moms exist in different universes. And for some reason there’s both an element of envy and pity from both sides that makes coexistence hard.
This is how Amazon Founder Jeff Bezos avoids paying a personal income tax
- For the last 20 years he’s had the same salary, $82,000
- He does this because a higher salary that would support his lifestyle would be subject to payroll and income tax, he doesn’t want to pay that
- Instead all his money is in his stocks, those are never subject to any taxes as long as they aren’t sold
- He takes out a loan and borrows against his stocks
- The only money he’ll ever had to pay is the loan and interest on the loan
This is common practice for billionaires so they avoid the majority or all of a personal income tax
Amazing how many clients can’t be talked out of giving you their money. “You don’t need this, it’s honestly a waste of your money and time, but I’ll do it if you pay me.” And then they’ll pay you.