Millionaire Mindsets
Region: US
Friday 24 January 2025 23:34:41 GMT
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Proditores_Moriendum1776 :
debt is only good when you're wealthy
2025-01-26 00:07:57
191
MasterNardi87 :
You still pay the 43% on your million but now you have the additional 7-20% liability. Is this just how to make an “additional” million and essentially “dilute” and leverage your 43%?
2025-01-25 12:12:13
40
ttemplet2003 :
That’s what mindset I need to get into
2025-03-19 22:39:03
0
that1guy1973 :
What happens when your income stops. You have lots of debt with no way to pay. You lose everything
2025-01-25 17:31:09
14
Hopium :
Makes perfect sense but I’d still rather be debt free
2025-01-25 04:25:36
69
Tony Caruso :
you're saving a small percentage of taxes but you're over a million further in debt. makes no sense
2025-01-30 12:14:41
16
Angryoldbastard :
To simplify this for everyone. Paying the interest rate is cheaper than paying taxes.
2025-02-02 15:23:56
2
brooklynallwood0 :
People don’t make a million dollars in income tax free. You need to somehow get compensated in assets, like options, stocks, bonds or deferred income, then you can borrow against it
2025-08-17 13:06:53
0
Soapking :
You only pay taxes once. You pay interest every year
2025-01-27 01:05:24
11
JeLe :
this is if you own a business
2025-01-25 12:38:08
12
nathankleespie936 :
it's not as easy as he puts it and apple is one of the most cash strapped companies. first you must accumulate the asset you intend to borrow against. hmmm forgot to mention that part😂😂😂
2025-01-25 18:10:34
9
MG :
The payments on the loan are from after tax dollars. Your math makes no sense
2025-01-26 03:01:14
14
podonald :
I still can’t wrap my head around this. U still have to show some kind of profit which is taxed. I’m a dr with a shit ton of debt and they still tax the f*** out of me. New line of credit yearly?
2025-01-26 05:18:20
4
blueyedcajun :
The tax code is actually pretty simple once you understand it. It’s all about the movement of money. As long as it’s moving the taxes are low. As soon as you hoard it the taxes hit you hard
2025-02-25 18:19:40
0
Colorado GemShop :
so why cant credit card users write it off?
2025-01-26 19:38:58
0
estheticsbydeshea :
All life is a GAME.. that’s the best lesson I’ve learned in my 20s
2025-01-25 16:56:16
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Crey :
This is not 100% accurate. The type of loan you would need to borrow a million $ the interest over time is going to be WAY more exp than the 43% tax.
2025-01-26 16:24:42
1
Ashley_Sims1051 :
What interest is tax deductible? Car & house don't help? What am I missing in life?
2025-03-18 14:35:11
1
Christopher Zieler :
The super rich are not paying those insane taxes because they aren’t making “income” they are earning on investments. Different tax brackets. Also this guy said you write off the interest of the loan
2025-02-04 22:55:18
2
brianbrooks55 :
Why would a bank loan you money if you’re not profitable
2025-01-25 16:46:42
3
Ale Pre :
It gets better… the annual appriecation (7-10%) of the million dollar asset, should offset the yearly interest rate for the loan taken.
2025-02-01 04:42:32
1
leodunson :
That’s actually hella smart damn
2025-01-26 12:29:40
21
barbiecastro :
Leverage can be smart for income-generating assets, but not all debt is tax-deductible. I prefer financial freedom over debt just for tax savings!
2025-02-19 04:41:51
11
Greedy :
How the rich get rich and the poor stay poor
2025-01-26 05:22:08
8
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