Key Takeaways:
Chapters:
Timestamp Summary
0:00:05 Introduction and disclaimer about investment strategies
0:00:37 Discussion begins on the “buy, borrow, die” strategy
0:01:59 Importance of having sufficient funds and a financial advisor
0:02:20 Explanation of buying various types of assets, including real estate and stocks
0:03:43 Benefits of leaving assets to family members at fair market value
0:06:20 Tax benefits of the strategy, including minimizing capital gains
0:07:21 Using borrowed funds for investments as a non-taxable event
0:08:48 Mention of life insurance as part of the strategy
0:09:06 Conclusion and contact information for Allison Reif Martin
Powered by ReiffMartin CPA and Stone Hill Wealth Management
Social Media Handles
Follow Phillip Washington, Jr. on Instagram (@askphillip)
Subscribe to Wealth Building Made Simple newsletter
https://www.wealthbuildingmadesimple.us/
Thank you for checking out our free content on financial planning, the wealth mindset, and investing in innovation. If you've found value in our blog posts, I invite you to take your knowledge and commitment to the next level. Sign up for our premium paid newsletter today and receive daily insights and expert analysis directly in your inbox. Stay ahead of the curve and unlock the secrets to financial success. Don't miss out on this opportunity to deepen your understanding and gain an edge in the world of finance. Join our premium community now and embark on a journey towards financial abundance and investment excellence. Sign up today and let's grow together!
WBMS Premium Subscription
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Understanding the Fundamentals of Money Management
Overcoming Negative Emotions About Money
Maximizing Retirement Savings and Tax Benefits for Business Owners
Sound Money Management: Principles for Individuals and Society
Building a Strong Business Foundation: The Business Planning Pyramid
Bitcoin Mining: A Lucrative Opportunity for Investors in the Crypto Space
WBMS Docuseries: Healthy Mind, Body, and Spirit (Episode 3)
Private Equity Trends for 2024: How to Attract Investors for Your Business
The Age of Trillionaires: Understanding the Changing Nature of Wealth
The Importance of Balancing Reason and Imagination in Investing
The Best Way to Become Financially Independent: Find Your Passion
Why Checking Your Pay Stub Matters
Building Wealth: Playing Within or Outside the System
Improving Your Relationship with Money Through Emotional Intelligence
Tax Extender Bill: Reverting Bonus Depreciation Back to 100%
Understanding the Market as a Collective Consciousness
Shower Your Business with Love
The Benefits and Misunderstandings of ESOPs
WBMS Docuseries: Healthy Mind, Body, and Spirit (Episode 2)
The Big Industrial Economy Short
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast