How the wealthy dont pay taxes! #makemoremarbles #dontpaytaxes #wealthcreation #millionairemind

Ride the Wave and Know when to Get Off Early Part three of my time tested Rules for Accumulating wealth now you are not the ocean, but you can ride the waves. Sometimes it pays to ride the wave into the shore and other times it pays to get off the wave before it crashes into the reef. The difference is called discernment. You can make money on hype, but that doesn't last. In a perfect world, you'd make money investing in assets that have long term value propositions and never sell them. If you need more money, add more value, grow your businesses. And if you need even more money, because assets are still tantalizingly cheap, other people's money and collateralized lending is there to bridge the gap. The wealthiest people in the world never end up paying taxes. They simply borrow as loans which are tax free and pay them off with their cash flow. Then they leave their assets to their heirs at a new cost basis or give them a charity. Why give all your gains to the government? Follow for the next part of this series.