What if I told you the richest people in the world don't just pay less taxes, They pay nothing and it's completely legal. Now. I learned this the hard way. In my twenties, I sold my first business. I saw millions of dollars in my bank account for the first time, and I also saw my first million dollar tax bill. Let me tell you, nothing wakes you up faster than realizing nearly half of your hardener and income is about
to vanish overnight. That's when I got obsessed. I spent years learning the same tax strategies that billionaires used to legally pay nothing. I found out it's not about offshore schemes. It's a simple strategy and the best part is most people can do it. But here's the catch. They don't teach this in school, and your CPA they don't know it either. This isn't about just filing taxes. It's about building a system and playing the same game the one
percent have mastered. So in this video, I'm gonna show you exactly how it works. I'm gonna show you how you can live tax free, how you can build well faster, how you can create a legacy for generations, stay until the end because this could change change everything about how you think about money forever. So let's go all right, now we're talking about some really fun stuff here. Today we're talking about wealth killers. Well, actually it's about how
we multiply our wealth faster than ever. And look, these strategies work for anybody. Doesn't matter what city, state, country you're in, doesn't matter what tax bracket you're in. This is gonna work for you. Okay, So multiplying your wealth. That sounds fast, that sounds better. But the first one is that we have to stop killing our wealth. And of course we do that with taxes. One of the two I call it three uncertainties in life. They say death and taxes, or the two uncertain deason in life,
or a certain deason life. I would also call money printing as a certainty. Anyway, Taxes is the way we lose the most wealth, not just taxes. Also divorce. We lose about half that way as well. All right, what happens is when we pay taxes, when we give a big chunk of our wealth over to your partner, the government, it leaves you less money to invest. But most people don't really understand exactly what this means. And how much this costs you, and a cost you in a bunch
of ways. Now, first of all, when I give up a big chunk of my wealth and then I hopefully invest what I have left over. If I have any left over, I have less money to invest, which means less money to go up. But it's not just less money to go out. Remember, building wealth is not linear, it's exponential because of compounding. So not only do I have less to invest in the beginning because of the law of compounding, I lose way more over time. I'm
going to show you what I mean by that. The other thing is that there's a double drag again, so it's not just the upfront how much I lose, but the compounding. So first of all, let's talk about this, and I'm gonna show you a couple of charts so you can understand what I mean. And then I'm going to show you, no matter where you live in the world,
how you can fix this problem, how the wealth you do. Okay, so first off, in the United States, we pay federal taxes, and depending on what state you're in, you pay state taxes too. Depend on how much money you make, you pay a higher percentage if you make over six hundred thousand a year, you're paying thirty seven percent. That's tough. If you're making a one hundred dollars over one hundred
thousand year, twenty five percent. Four percent, okay, So somewhere in that range one hundred and ninety to two hundred and forty thousand and thirty two percent of your wealth. That's just federal. Now, depending on where you live, you
might also have state taxes as well. So, for example, if you're lucky enough to live in the beautiful state of California, and you're in the top tax bracket over a million dollars, you're paying thirteen and a half percent, So you're paying the federal thirty seven percent you're paying the state. Now you're over fifty percent. Over fifty percent of your wealth is being taken right there, Hawaii, second,
New York's. New York's right there, ten point nine, New Jerseys ten point seven, and on and on and on. So if you're in the top tax bracket, over half your wealth is being gone before you've paid property taxes and sales taxes and payroll taxes, and on and on and on. We're just talking about income wealth, But what happens is is you lose money exponentially because of the tax drag. So, for example, if I made a million dollars of profit and I paid if I paid forty
percent tax versus if I just paid fifteen percent. Now let's say that I made a million dollars, I paid forty percent tax, so I have six hundred thousand left over, or I paid I earned a million dollars, I paid fifty percent tax, and then that money just went into an account making eight percent interest. What would happen. What we can see is if I was taxed at forty percent, the portfolio grows to two point two million. But if I'm taxed at fifteen percent, the same portfolio, the same
investment pays five point two million. That's a difference of three million dollars or nearly two and a half times greater. So just by lowering the tax break bracket, same income, same return on investment, it's two and a half times greater because not only do I start with less money because the law of compounding, it really eats into my growth.
Now because of this, we see people doing all types of drastic things like for example, California lost more workers than it gained as professionals flee to low tax states. So people are leaving the beach to go live in the heat, to go live in the desert, to go live in the planes, the bug infested areas, or whatever because they're tired of paying too much taxes. But what
if you didn't have to move? What if you could live in the highest tax state, the most beautiful state in the country, and not have to pay the taxes legally. As a matter of fact, the government love it if you did this. So let me show you what I mean. Now, the first thing to understand is you have to understand that there's different types of income, and there's different types of taxes for that income. So earned income, earned income, which is wages and salaries, pays way too much taxes.
The tax code favors investors. So passive income is tax differently than earned income. Passive income is income we learn earn from investments as opposed to wages and salaries. Now why is this the tax code favors investors? These are not loopholes of the rich. Okay, the government has policies. The government needs people to build businesses and increase the GDP and invent new things. And also, yeah, give people jobs, and it needs people to provide housing and to build
roads and do all of these things. The world needs builders. That's what I constantly tell people all the time. We need entrepreneurs, we need builders, we need investors to build the world. We're not meant to be consumers. So if all you are going to be a consumer and you're going to go work your for nine to five job, go home, spend all your paycheck on Netflix and whatever, you're a consumer and you're going to pay the most.
But if you're actively helping to progress the world forward, bring value to the world by investing in businesses and things like that, you get tax better. So it's an incentive program and not a loophole. Okay, that being said, how can anybody do this? How can we start to make the shift. You're a wage earner, you're on a salary a W two. This doesn't qualify this, It doesn't apply to you. Yes it does. What happens is we can shift over time. The key piece here is this
isn't something that tomorrow I can pay no tax. And so most people don't understand this or they never take the time to learn it. It's something that I'm going to have to build into my portfolio and depend on where you're at, it could take longer or shorter. If you're already a business owner and you make a good amount of income, you can do this very quickly. If you're a W two waydarner, it's going to take you a little bit more time. Okay, So we need to
make a shift. So the first thing is again we have to shift into passive income because passive income wins. Like I said, with the lower rates. There's a lot of reasons why that happens. A small business owner, are you buried in all types of work keeping you from the real thing that makes you money. Well that's where just Works comes in. They're the all in one platform that supports small business growth. You can get all their tools that help with benefits like payroll and HR and
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of small businesses with real human support. So visit Justworks dot com slash podcast to join the thousands of small businesses that trust Just Works to take care of payroll, benefits, compliance, and more. Again, that's Just Works dot Com slash podcasts. Because of the earned income versus passive income, you can see the difference in the growth that we can make. So there's a lot of reasons doing the same work, earning the same income, earn the same rate of return.
The outcomes of your retirement are drastically different, or I should say even the rate that you'll reach your retirement. Now, what we want to do is we want to shift some of our earned income into passive incomes. So for example, I take my wage income and I buy investments. Take real estate. For example, I like real estate because real estate gets us lots of tax advantages. Now there's a whole letter strategy of how we stack different investments in
proper sequence. It's called the Velocity of Wealth. You might want to watch that video. I'll link to it down below so you can learn the next part. But I'll use real estate first because I get very very good tax right off from depreciation and deductions. So let me give you an example of how this works. I could take my earned income I earned my salary deputy, I can put it into a rental property. Let's say rental property makes me one hundred thousand dollars a year back.
That's enough to live off of. So I put my earned income in. I now get passive income that I can write off. I have about twenty thousand dollars in expenses maintenance, property management, et cetera. And then I can write off thirty six thousand dollars for depreciation. And then that lowers my taxable income that I'm earning on my wage job down to forty four percent, even though I got the eighty thousand dollars in taxes. You see, this
is just one small example. But I get the cash flow the eighty thousand, and I lower my taxable income, which then lowers the amount or the percentage I pay. Remember it's all based off of brackets, all right. So what we can do is we can start to make the shift. Take my earned income, move to passive. Maybe it takes me a little bit longer, it can be other types of passive income could be dividend paying stocks,
whatever you want to do. Now there's even better because with real estate we get and different types of property could be bitcoin miners, could be heavy equipment, could be real estate. I also get bonus depreciation accelerate depreciation. In Trump's original first term, he gave us this and we got one hundred percent. It's it's dwindling down to eighty percent and then sixty percent. We're hoping, crossing our fingers,
he reinstates it. But basically, I could buy a million dollar asset that qualifies if I have a million dollars of income. I could buy the million dollar asset with say twenty percent down two and a grand, but then get a million dollars of write off right. And the government wants you to do this. They're incentivizing you do this now. As I said, this is not something that you can just do overnight. This is something has to
be done proactively. This isn't something where you get your paperworkd end of the year in a bank statements to go to h in our block. This is something where you have to hire a tax strategist, not your CPA. This is a tax strategist, and you plan this out. You buy things strategically so you can start to build this plan out. And I'm going to show you it gets super powerful. Now, if you don't know who a tax strategist is or what they do, We're gonna have
my tax strategist on a live presentation with me. It's coming up. It's an event called the Wealth Accelerator. If you want to accelerate your wealth super fast using strategies like this, I'm gonna have my tax strategists on. We're gonna go live for three days showing you how to reclaim more of your time, how to keep more of your income with these strategies, and then once you've kept more, how you can multiply it super fast by stacking them
in the proper orders. I'll put a link down below or something on the screen here if you want to join that wealth accelera event. I'll be live three days right from here. My tax strategists other professionals that I use, will be on that call. Okay, so now we understand that we make the shift from earned income to passive income. How do we then start multiplying the wealth even faster. Again, there's a whole strategy about stacking assets and the velocity wealth.
But right here, the first thing is I said already we're keeping more, So just the fact that we're keeping more, so we're investing six hundred thousand instead of three hundred thousand. That obviously is step number one, number two. Because of that, it's compounding faster. Okay, but these strategies are not just about earning more money. It's about controlling how much taxes I pay, and more importantly, when or if I even
pay taxes. So how is that? Well, if we want really tax free wealth, what we do is, again we shift our earned income into passive income. Then what we do is we use debt so then we can borrow against our assets. When we do that, we get all the liquidity out without paying any tax. And then what we do is we reinvest that tax free income, that tax free liquidity to multiply more tax write offs for us. Let me show you what I'm talking about. So let's
just say that I've bought a property. It's now gone up in value. I fixed it up, I added on to it whatever it is, and now I have equity. Let's say I have five hundred thousand dollars equity I can pull out of that property. I've refinanced it five hundred thousand out I use that five hundred thousand dollars of tax free income, tax free wealth that I can now go put down on a one point five million
dollars property. And let's just say that that now that rental property is now bringing me in one one hundred and fifty thousand dollars a year two hundred thousand dollars a year of now passive income. So five hundred thousand tax free a one point five million dollar property that's now going up at about ten percent a year, I get now two hundred thousand dollars a year of passive income coming in that's now taxed at a much lower rate. And even better, I get maybe another one hundred thousand
dollars of depreciation that I can write off. So now by borrowing the money out, not only am I increasing my wealth growth, I'm increasing my passive income. I'm also increasing my write offs, which means I get a write off even more income. Now, again, this has to be done through a proactive approach, and so it takes some time, depending on how much money you have or where you're at. Now, it gets even better now when you start thinking about
long term planning. So if you think about society, you know, on the bottom level you have somebody living on the street, maybe a drug addict to alcoholic, and they're thinking about the next hit, the next drink. Right on the other end, you have Elon Musk and he's thinking about sending multiple generations from now to Mars, right, And so how far are you looking ahead? And so to really build wealth, we want to think a little bit more proactive, think
long term. And if we really want to get rid of taxes, we can get rid of our tax base altogether. And we can do that by dying with debt. Now, there's a couple of ways we can do this as a strategy that I'm sort of using. This die with debt or borrow buy, borrow die. You might have heard of that before. Basically, what we can do is I can buy a property and I can then pass it on to my kids and then they can step up the basis. So what does that mean. Let me give
you an example. So let's just say there's two ways we can do This is the first way. It's not my favorite way. So let's say that I bought a million dollar property and when I die, the property is worth five million dollars. Not unlikely, they'll probably be more than that. It's worth five million dollars. What I can do then is I can give that property to my heerrs to my kids, and now my kids have this property with a new stepped up basis of this four
million dollars. So now if they want to sell it, they don't have to pay So let's say they want to sell in the future for ten million. Instead of paying the difference of one million to ten million, which is nine million dollars of taxes they would owe, now they only pay it off of this value, so they step it up. So that's how we really get rid of those taxes. There's another way. My more preferred way
is by using non revocable trusts. So if I create non revocable trusts, I can put certain assets into those that my kids my heirs could have and it doesn't trigger a transfer and so there's no taxable event there as well. Now it doesn't step up the basis. So depends on what your strategy is. If you're really planning long term, you don't care about the basis. If your kids maybe want to sell the properties, then you do
want to step up the basis, So it depends. But when you get here, then you really start thinking about your legacy. Then you can really build tax free wealth, which again helps you multi play wealth faster, helps your kids multiply wealth way faster, and on and on. And I know that there's this whole thing going on today. There's a book written, Die with Zero. I think it's a terrible way. I think about this blockchain of life, Like my life is this proof of work. I'll put
a lot of value into the world. We built up some wealth. Why wouldn't I want my heirs, my kids, my great grandkids to have a higher step up in life. Now, look, I'm not talking about you know, I want them to have a higher starting point. I'm not talking about a hand up. I'm not talking about where they have enough money. They ever have to work and they're lazy and they're terrible people. But I like, why not have money that they could borrow against to start a business or do
something productive with their life. Now, this is a whole other video. I do something about it. So I in my trust, I have what's called a family constitution. It's a set of rules the mayors I have to live with. And we can get into that conversation. I don't want to get into all that. But what I'm saying is, why wouldn't we want to think about wealth. We can grow it faster, we can get rid of taxes, we
can push more value into the future. But like I said, you have to do this proactively, and the government doesn't look down on this. They actually want you to do this. That's an incentive if you want to learn these strategies and meet my tax strategist and we'll give you twenty twenty five tips that you can use almost immediately for twenty twenty five to lower your taxable income right away, no matter where you're at. Come check out the event.
I'm calling it the Wealth Accelerator. I'll be live right here from the studio for three full days. I'm bringing in a bunch of experts to reclaim more of your time, to keep more of your income, and to multiply your wealth faster than you've ever thought. Make twenty twenty five the best year. There's a link down below. Otherwise, let me know what you think about this strategy. Is it a loophole? Do you feel bad by using it or do you understand the government wants you to use it
and incentivize you. Let me know in the comments down below, and that's what I got, all right to your success. I'm out.