Lifestyle
For the lives that we love, and everything that comes with it.
The Mischievous Heart of a Loving Family
Once upon a time, there was a middle-class family with a mischievous little kid named Rax. He was always up to something, whether it was playing pranks on his siblings or causing chaos in the house.
Rakshit ShahPublished about a year ago in FamiliesHow 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.
Rakesh PatelPublished about a year ago in FamiliesFrom 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.
Revathi KannanPublished about a year ago in Families"15 Tips for Ensuring a Healthy and Happy Life for Your Pet Fish"
One of the most well-liked pets in the entire world is a fish, and for good reason. They are minimal maintenance, enjoyable to watch, and available in a wide range of hues. But, caring for pet fish involves more than just putting food and water in a bowl. In this article, we'll go over some advice for keeping your pet fish happy and healthy.
The Best 5 Moving Deck Styles of 2023
Is it true that you are thinking about a home remodeling project? Flooring is a fundamental component that adds character and profundity to your space.
goddy igbinosaPublished about a year ago in FamiliesThe Magician's Elephant (2023) Movie
The Magician's Elephant is a fantasy movie set in the fictional city of Baltese. The story revolves around a young orphan boy named Peter, who is in search of his long-lost sister, Adele. Peter's life changes dramatically when he visits a magical fortune teller who tells him that his sister is still alive and that he must find the magician's elephant to learn her whereabouts.
Galentine's Gift Exchange
Galentine's Day is a fun way to take traditional Valentine’s and rework it to celebrate female friendships. It's held on 2/13 every year, and has become more a norm as the years pass. What better way to celebrate than with a Galentine's Gift Exchange?
Skipwish RegistryPublished about a year ago in FamiliesLove Gift
With Valentine’s Day approaching fast it’s time for some to really focus on that special love gift for 2023. Flowers, a nice card, fancy dinner out…all great compliments or appetizers if you will.
Skipwish RegistryPublished about a year ago in Families