Dad buys stock at $250K.
It grows to $12M.
If he sells, he owes tax on an $11.75M gain.
Instead, he puts it in a trust.
Borrows against it.
Borrowing is not income. So no tax.
He lives on loans. Never sells.
He dies holding the asset.
Kids inherit at a $12M basis.
IRS gets $0
“Yo bro you coming out with us tonight?”
“Nah man I can’t, I got no money for that.”
Checking: $153.57
Brokerage: $343,568.39
Roth IRA: $44,382.91
This is the way.
Blasianbabylola had to give Deshae a reality check by explaining how much effort she put into making him realize that she genuinely wanted them to be together, after Deshae kept assuming their relationship was fake and just for content. 😭
I paid off my house in full last year
Still pay property taxes of $10k/year
If I stay in my house for 30 years
I’ll pay over $300k in property taxes
If instead I rent & invest that money in the S&P 500 for the next 30 years
I’ll have over $2.8 million liquid 😳
putting my money WHERE MY MOUTH IS.
emergency fund is at $40k/$50k
just transferred another 5k. sitting in a HYSA yielding 6% APY.
not invested. not optimized for returns. just boring liquid insurance.
10k left!!
Madi2hottyy pulled up to Streamer University with 2 ORBEEZE guns and got his get back on the streamer who through a water balloon point black range at his neck 😬😬