advice
It takes a village to raise a family; advice and tips to make the most of yours.
How The Rich Use Debt & Taxes To Get Richer!
People know how to use the tax code to their advantage. I mean Warren Buffet talks about how he pays a lower tax rate than his secretary, and Donald Trump openly talks about how he doesn't pay any taxes. As an attorney, I can tell you that there's a difference between tax avoiding and tax evading. Tax evading is illegal, you're doing a crime, and you will go to jail. Tax avoiding is 100% legal; now you're using the IRS rule book as a guideline on what you can do legally to not pay taxes. This is what rich people specialise in. They want to know what the IRS rule book says, that way they can pay the least amount of taxes legally. The interesting thing is I never grew up learning about any of this. The first time I was exposed to any sort of financial education was when I read "Rich Dad Poor Dad" by Robert Kiyosaki. And not too long ago, I was in Arizona talking with Robert Kiyosaki, and he told me that the reason why he's so rich is that he's in debt. "I save gold; I don't save dollars. I borrow dollars. That's why you want to listen to Dave Ramsey. He's a good friend of mine; live debt-free." I go, "Why are my friends all billionaires and they're deeply in debt? I don't even need real estate. I use debt. I'm just looking for an excuse for somebody to give me a handling." Debt isn't for everybody. It requires a certain level of financial education. It increases your risk, and it requires some expertise in what you're doing. But what many rich people do, who have mastered debt and taxes, is they follow a system called BBD which stands for Buy, Borrow, Die. This system allows many rich people to borrow money, live their life wealthy, and pay zero dollars in taxes legally. So what I want to do today is go over how rich people use debt and taxes to their advantage to make themselves wealthier. That way, you can potentially use this to your advantage as well because the reality is this is how the system works, and this is how the tax code works. And you can either learn it and use it or not, but here in this video, I'm going to go over how it all works that way at least you understand. Wealthy people are not stretching themselves thin and going into debt so they can have a fancy car and wear Gucci and wear Louis Vuitton and go on fancy vacations. They go into debt for one reason and one reason only; it's for income. If it doesn't produce income, they're not going to go in debt to buy it. There are two general ways to do this; you can do this through business or you can do this through real estate. A third way that sometimes people talk about is through investing their money. But when you invest your money, either investing your money in businesses or real estate to take advantage of the debt and tax laws. So I'm just going to focus on the business and real estate side and just understand that investing is incorporated into both of these. The way the tax code is made, it's designed to incentivize people that are producing jobs, producing homes, and producing things for the economy. But if you're just a W2 employee, and all you do is you make money and you spend it, it is going to be extremely difficult, actually impossible for you to take advantage of the system because the tax code is not incentivising you to really do anything. The tax code incentivises you to invest and create and produce. It's not incentivising you to just consume.
By Rakesh Patel4 years ago in Families
From Skepticism to Success
Lena had always been a skeptic when it came to the law of attraction. She thought it was just another self-help fad that promised too much and delivered too little. But one day, everything changed. Lena's life took a dramatic turn, and she realized that the law of attraction was working for her in ways she could never have imagined.
By Revathi Kannan4 years ago in Families
Understanding Anxiety in Children: How to Recognize and Help Your Child
As a parent, it can be difficult to see your child struggling with anxiety. While it’s normal for children to experience fear and worry, excessive and persistent anxiety can have a significant impact on their daily life. In this article, we’ll discuss what anxiety in children looks like, common causes, and strategies for helping your child cope.
By Elsie Muthoni4 years ago in Families
czyszczenie roweru
Cleaning your bike is one of the key elements of taking care of it, both aesthetically and functionally. Regardless of whether you ride your bike every day or just occasionally, it is necessary to keep it in good condition. In this article, we will provide some tips on how to properly clean your bike to keep it in the best possible condition.
By Moose On The Loose4 years ago in Families
The Ultimate Keto Meal
The ketogenic diet, also known as the keto diet, has been gaining popularity in recent years as a way to lose weight, improve health markers, and increase energy levels. The diet involves consuming high amounts of fat, moderate amounts of protein, and very low amounts of carbohydrates, which puts the body into a state of ketosis, where it burns fat for energy instead of glucose from carbohydrates. In this article, we will provide an ultimate keto meal plan, which can help you reach your health and weight loss goals.
By Ujjwal Kumar4 years ago in Families
"Learning to Embrace Change: My Journey of Moving to a New City Alone"
Moving to a new city alone was one of the scariest things I've ever done. I had always been someone who craved stability and routine, so the thought of leaving behind everything I knew and starting fresh in an unfamiliar place filled me with anxiety. But despite my fears, I knew deep down that it was something I needed to do.
By AMNA MUMTAZ4 years ago in Families
The Art of Self-Love: Practicing Self-Care for Positive Mental Health
Introduction to Self-love and its importance in maintaining positive mental health Self-love is the foundation of mental health and wellbeing. It is the process of taking care of oneself, nurturing oneself and honoring one's own needs and feelings. Self-love is not only important for our emotional wellbeing, but also for our physical and mental health. When we practice self-love, we become more aware of ourselves and our needs. We learn to recognize our own worth, and to take responsibility for our own happiness. We learn to accept ourselves just as we are, flaws and all. By honoring our own needs and desires, we become more empowered and confident. Self-love is essential for positive mental health. When we love and accept ourselves, we become better able to cope with stress and difficult emotions. We learn to trust our own instincts and to make decisions that are in our best interest. We become more resilient, and more able to handle life’s challenges. Self-love is a lifelong journey. It takes patience, practice, and dedication to nurture ourselves and to create positive habits. But when we make the effort to prioritize self-care, the rewards are innumerable. So let us embark on this journey together, and learn the art of self-love.
By Ansh Srivastav4 years ago in Families
How to Relieve Constipation Naturally: 10 Tips and Tricks
Constipation is a common digestive issue that can cause discomfort and frustration. While there are many over-the-counter medications available to relieve constipation, natural remedies can be just as effective and often come with fewer side effects. In this article, we’ll discuss 10 natural tips and tricks to relieve constipation, with scientific references to support their effectiveness.
By abdullah al masum4 years ago in Families
Numeracy Activities for Easter
What we are all in need of right now is a splash of colour! And you're in luck, I have that here for you! If you're like me and you live in a snowy northern country, you've been staring at a pretty bleak and bland landscape for the last few months. I've been desperate to see SOME semblance of spring sprouting somewhere. Alas, it's been snow, cold, and clouds... and then more snow and more cold and more clouds.
By Ashley Hansen | Truth and Table Teaching 4 years ago in Families
Nord VPN: Best VPN Service
In today's digital age, privacy and security are paramount concerns for internet users. With cyber attacks and online surveillance becoming more prevalent, virtual private networks (VPNs) have become essential tools for individuals and businesses alike. NordVPN is a leading VPN provider that has gained a reputation for being the best in the market. In this blog post, we'll explore the reasons why NordVPN stands out as the best VPN service available.
By Caleb Hurst4 years ago in Families
