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

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In today's video, we're going to talk about the phrase "Buy Borrow Die" and how the rich stay rich by taking advantage of the American tax system.

The phrase "Buy Borrow Die" was created more than 20 years ago by Professor Ed McCaffrey who use this simple phrase to summarize the American tax system in a nutshell.

The basic premise is that the rich buy something like an asset such as stocks or real estate, for example, and they then borrow against these assets instead of selling them. Finally, they die and the estate goes to their heirs and beneficiaries.

In this video we're going to break down these three steps in more detail, and how the rich use by borrow and die to stay rich.

Stay tuned until the end of the video where I give my opinion as always!

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Instrumental Produced By "iAmHaywood" on IG

⏰ Timestamps ⏰:
0:00 - Introduction
0:55 - Buy
2:28 - Borrow
4:19 - Policygenius Spot
5:17 - Die
6:55 - Conclusion
9:02 - LOL

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My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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