Buy. Borrow. Die. | How The Rich Stay Rich

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Information Buy. Borrow. Die. | How The Rich Stay Rich

Title	:	Buy. Borrow. Die. \| How The Rich Stay Rich
Lasting	:	9.21
Date of publication	:
Views	:	162 rb

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Comment from : Marko - WhiteBoard Finance

Great video
Comment from : Toddd

How to pay the loan if i lend my all asserts?? And can i borrow money if the asserts on my trust?? Can i get the cashflow from the asserts after loan??
Comment from : DeadEyes Free Fire

How to pay the loan if i lend my all asserts?? And can i borrow money if the asserts on my trust??
Comment from : DeadEyes Free Fire

YouTube is one of the greatest creations bc of vid like this… we would never know of this in our social circle if it wasn’t for videos and financial books
Comment from : JosaFit

Oh my god, this is so terrible Taxing assets is really necessary
Comment from : Andreas

Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them well at least my advisor does lol
Comment from : Julie Hyde

The only people that should use debt are the people that don’t need it
Comment from : Freedom Works

In Canada it’s completely different If you die and pass your assets onto your heirs, they have to pay the tax on it as if you were selling it yourself So if I bought a house for one million dollars and that house is worth two million when I die, my heirs would have to pay capitals gains on the million dollars the house increased in value by This is one of the reasons why it’s so much easier to get rich and stay rich in a country like America
Comment from : Ryan

How does this work for the UK?
Comment from : Super Cilliouz Man

That works beautifully when the economy is booming In a tightening monetary policy period, it's a double whammy Your asset is worth less, while your borrowing cost is much more expensive
Comment from : Victor CRETU

I am missing something Ok, imagine I borrow a house that costs 1 M for 800K like you said, i use those 800K to live with that yes, how do i pay the interest of that loan ? with the same money ?
Comment from : Filipe Lopes

The bank expects regular payments though, yes? If you live for 30 more years, at 5 interest That's a lot of wasted money it seems What step am I missing?
Comment from : nexus1g

Don't forget family offices in the formula
Comment from : Noodles Soul

I dont understand, how is that free money if you have to pay it off eventually, and take out money from your portfolio, tax it and pay off the entire loan + 2, what am i missing?
Comment from : Dorian Schulman

Move to Monaco where there is no capital gains tax etc
Comment from : SLS

Musk and others like him don't have any legal right being tax exempt and I DARE ANYONE PROVE OTHERWISE
Comment from : ethan Shelby skateboarding

Just catching up on some finance videos I hadn’t seen before How’s this strategy going right now with the current rates? Please let me know where I can get those sweet 2 loans from
Comment from : AnotherGreatDeal

How do you pay off the loan/line of credit without liquidating assets?
Comment from : Scott English

Marko please tell that if we put the shares at collateral for example we took a loan of 10 lakh as collateral of 20 lakh of share how we gonna repay the loan if we don't have any income ?? Please reply
Comment from : Shivam gambhir

I’m 16 so I may not understand all of this but could someone explain to me how they pay the debt back and how long they would typically have to pay it back
Comment from : Adam

According to Elon Musk", Since I’ve been asked a lot: I will always advise, we buy stock in several companies that make products & services that you believe in Only sell if you think their products & services are trending worse Don’t panic when the market does This will serve you well in the long-term
Comment from : James Alexander

I'll just die forget the money this life is torture it's like god created us to look at some people eat while we starve
Comment from : DillaWorld

this strategy (tax dodging) is creating unsustainable amounts of leverage in the system and will ultimately collapse our society like a house of cards eventually you can't kick the can down the road any longer
Comment from : QuadTap

Thanks for making this video The concept is quite new to me but certainly interesting! I have a question, if you use an asset as collateral but you don't generate an actual cash flow out of that asset An example would be owning stocks that don't pay out dividend How do people typically pay off these interests? Do they pay the interests using the lump sum they borrowed?
Comment from : Zack Tzeng

This is a great video! I'm new to your channel and have become a subscriber!
Comment from : Lawrence Briggs

But this borrow part doesn’t make sense, because where do you get the cash to pay back the loan?
Comment from : Fiona William

don't know when he will realize that nobody believes that he actually has half a million in cash and runs a youtube channel for fun
Comment from : Gera

Money is stressand i barley know what you be talkin about but i get good vibes (and have learned alot of shit) So i appreciate you bro Thank you
Comment from : Miguel Hiciano

When you refinance, assuming no increase in value, you are just pulling out money you payed off the loan with So it's not really untaxed money brAnother issue is you never get to use all the money you earned Which can be good and bad, depending if you want to build wealth for future generations brLastly, there is still inheritance taxes at the time of death if you have a bunch of money brbrAlso, 1031 exchanges should be eliminated, no other capital gains can be differed like that Kind of unfair
Comment from : Michael Eldridge

You'd have to be cash rich to purchase the real estate outright in the first place to borrow against?brbrNo doubt the money would have been taxed on the way up
Comment from : BlahBlahBlah

Holy shit
Comment from : Dunnaveli

@Marko I have 2 questions br1 Incase, if you have to switch positions in your equity like sell apple to buy tesla, won't you get a capital gain or even short term CG if it is urgently done out of necessity?br2 How would you pay your loan and interest back, if you plan to never sell your assets?
Comment from : Harikrishnan Chandramohan

This system seems to only work if the system we are in continues to work, meaning stocks keep going up long term along with real estate Also if I'm not mistaken, borrowing against your real estate can only be used to do home improvements, and they are currently not avaliable after covid hit
Comment from : V E

what if children don't pay the loan back?
Comment from : troooooper100

How did you make one for income? And what's that income for? (Sorry I'm new to your channel)
Comment from : DeathixFPS

Should tax gains/losses annually
Comment from : Balthier

Man, you got a great energy! Thanks for the video
Comment from : Paul Cervenka

Marko, what would you say is the most valuable book that you've read with respect to personal finance? Also, was there a course in your finance degree that had a great impact on your life? Thanks!
Comment from : Seeker of Divinity

Why do none of these videos actually explain a way the average person can take out a small loan and use it to make money pay back the loan and repeat Stop showing us what the rich do we don't have the money to do what the rich do such as buying an apartment complex
Comment from : chriss4365

I just started learning about this, but I look at your video and you use so many words that I've never heard before nor make sense too me Do you have a video that's focused more to those who know nothing of the terminology used
Comment from : Jesus Rodriguez

For a normal person, that's a dangerous strategy For a multi-billionaire who's never going to spend (hence borrow) more than half a billion dollars? It's a bargain
Comment from : Scary Bird

Very interesting video, and something to keep in mind for the future Thank you for explaining in a way that makes sense It's a bit high risk for our family at the moment, but something we'll be keeping in the back of our mind as our situation changes in the future
Comment from : Sarah Schlottman

why do you talk so much smother when you are on the whiteboard compared to when you sit behind a desk?
Comment from : Paul

What I don’t understand is this: brThe loan money you don’t have to pay taxes on OK that’s greatbrBut you need money to pay back that loan so where do you get that?brThat money that you’re going to use to pay the tax loan is still taxablebrAnd if you’re not inheriting any money you can’t really sell any assets tax free brSo how do you do it if you are doing it the first time?
Comment from : Arazo Media

That last line reminded me of the stripper scene in a big shortbrbrHope y’all are prepared for the biggest bubble pop of your lives
Comment from : Nood Review

but how do you pay off the loan?
Comment from : Veddie Fonnie

but how to do it in peru
Comment from : Luis Ernesto Morales Cordova

But they still pay interest in cash every year, right?
Comment from : Derry Bruzual

This is very misleading possibly just for Clickbait Elon musk just paid more tax and anybody has ever 3 1/2 billion dollars in tax
Comment from : Gavin Sloma

Small advice to anyone who wants to become an investorbr1 Home that you live in is not an investment It’s a place that you live in and raise your familybr2 Don’t buy a home unless you have 20 down Small correction in the market of 5 and you are under if you don’t put money downbr3 Expenses in a rental property will run 45, put that a side for repairs and vacancies, they will come upbr4 Try not to sell investment properties, refi and pull out 50 cash if the rates are reasonable rate are better at that LTV No taxe consequences Most of the timebrI have done this for 30 years and believe me few simple rules can help you become richbr5 Don’t follow Ramseys advice 100, because no situation is the same Use some of the things he teaches brHopefully this will help anyone that is starting outbrGood luck
Comment from : David Burns

I'm pretty sure when a person dies, their debts are paid by the decedent's estate, and this happens before the step-up mechanism
Comment from : Wop wop

Finance is a serious topic, but I like ur sense of humor
Comment from : Joke Dog

The inflation rate was 2 a month ago?
Comment from : Amir Moradi

Great video Marko! Appreciate the education
Comment from : Mitch Huebbe

Elon is going to pay a $10 billion tax bill this year
Comment from : Jeff Cann

and all this risk is backed by the full faith and credit of government bailoutstruly a no-lose situation for the wealthy!
Comment from : Everybody Hates Krys

What about DR seems you follow him too
Comment from : Raghunath Paralkar

The best decision I ever made in my life was investing in financial market trust me guys it pays alot and I have come to realize that trading bitcoin is more profitable than holding it and waiting for it to skyrocketbrInvestment and trading the market with the right knowledge is the sure key to financial freedom
Comment from : herthasipes11@gmail

I'm watching all these videos trying figure out the first step I need to take
Comment from : SinJay

Marko, i believe the technical term is Leveraged to the T*ts
Comment from : Redshift Media

I f wit dude
Comment from : Jalynn Starks

what do you think about kris khon?
Comment from : Liv Poxleitner

The amount of valuable information that this man puts on youtube is insane
Comment from : Abraham Ortiz

0:17 can't even admit we all DIE one day That's the biggest upset rich people havebrThey want to live forever Most people do and in our society now we don't face death as its a sign of the ultimate futility of human endeavorsbrSick society we've become always optimistic greedy moving onto next idea to make more money but all to no avail Besoz etc have far more than they'll ever need but the system keeps them greedy
Comment from : ciara respect

It once you have a certain amount of money Unless you wanna spend it on a stupidly extravagant lifestyle Something I would never do personally myself it's pretty uselessWhy not use it for something useful like helping other people crazy
Comment from : Jonathan Jollimore

Nohomo but Bro if you ever get dirt poor, know that you can become a model You look like David Beckham
Comment from : TAREQ Islam

"Literally final" - lol
Comment from : Senator Joseph McCarthy Was A Communist

Donald Trump
Comment from : thomas thorne

sir you are so handsome 🥺
Comment from : kokeduck

Buy, Borrow, Broke 💩
Comment from : Jam S

yo marko, how are you? when new vid? 06122021
Comment from : Sica1000

Well said 👏
Comment from : sinclair

What about interest payments on the collateralized debt? How does the debt get paid back?
Comment from : Olivia

Another awesome video much appreciated
Comment from : Darren Osborn

What is the process to borrow against your stock portfolio?
Comment from : Klarke Kent

If regular people can master this (once they know how to handle debt), it will give rich people a run for their money This system won’t change for a while There’s too much money to be made by the ultra rich
Comment from : JR Ize

Just starting out on this journey, now that I have a great paying job How would I gain assets like you mentioned in your video? I am currently saving to purchase my first home
Comment from : Shawn Norris

Like your videos, how much do you charge for a financial advise session ?
Comment from : orlando J

Looking toward 2022, how do you go about setting a net worth goal? Do you have a certain percentage increase in mind? A flat number? Curious as to how you personally go about this
Comment from : David Gomez

So I’d imagine you have some sort of ties to Parma ohio
Comment from : Finexity

is it wise to cash out some of ur crypto to pay off credit card debt or take the coinbase loan offer using ur cryptocurrency as collateral?
Comment from : Jun Quixote

Marko you should go and educate Congress While I do believe in Progressive agendas this 'tax-the-rich' crap IS stupid and I don't think they understand how wealth is created They are making the 'wealth Gap' WIDER
Comment from : No1 No1

If I have Investments in M1 Finance that are sheltered, can I still borrow against those as well or do they have to be after tax invested accounts?
Comment from : Timber Line

As always good info Thanks Marko!!!
Comment from : Roadway Channel

This might get buried in the comments but what do you think about Michael Burry's comments that the market is in a bubble and a crash is likely to happen soon?
Comment from : EcuaHerra

Cao Marko, da li radis konsultacije 1 na 1 ? Pozdarv iz Kanade
Comment from : Calamity

nicely saidGreat Stuff I started watching your videos last year as a beginner before giving stock market a trial I was able to make $972,000 within 3 Months with a capital of $200,000 patterning with (Declanbrock on t w i t t e r)
Comment from : Shirley C Goodwin