Expert Explains What Wealthy People Do To Stay Wealthy‼️‼️

2 things You need millions in stock to do this. No average person 2nd when you sell the stock to pay the loan you have tax

It takes extreme wealth to do this.

Yeah but you have the pay the interest along the way, no ?

Beyond dumb. This works with millions in stocks not 10k. Oh let me take out 5k, then another 5k. Free money that I don’t have to pay back. Fantasyland.

ppl probly missed this but he said "i want you to think about yourself as a stock" well my friends. That's actually true. Our names, data, production, consumption, gets traded. Our social security certificates...is a BOND. As in financial valued bond. Banks lend you YOUR own $😮‍💨

So explain what happens if the stock goes down

My bank will not do it

🎯

Is the interest on those loans going to be higher than the increase in the stock? That might be a great idea when the interest rates are very low Well, the interest rates are not very low right now Maybe put everything in the company name so you’re not responsible- bankruptcy

You still have to pay the loan back.

This is also how you go bankrupt very fast 😂

Gold and silver she'll be your only currency Not paper backed by usury and more usury

But you still have to pay back the loan with someone interest? And if the stock goes down, what happens?

@grok what podcast is this and who is the guest

what % on loan ?

Crash > Margin call > Stock sold to repay bank > now you owe tax (on long term capital gains) as stocks got sold at a profit vs. your original investment Enjoy till it rises...💰

Wait until Labour put a wealth tax on your £20k Amazon stock.

Too bad they don't teach that in schools

@grok explain all this step by step for a dummy

Wow thank you for this

Nobody ever explain how to pay the interest

Step one have 100k in Amazon stock. Money is broken

Fyp

Is explaining it like he’s 10 years old in the room with us ?

@grok explain please and what if after borrowing stock falls to bare minimum than i have to pay the loan amount too ? Of loan amount ya bank have to suffer loss of stock depreciation

People can never really understand this

No need to pay the loan ever ?

The US education system and College will never teach you this 💡

California is trying to pass a bill that if you don't touch your crypto for 3 year's the government can take it.... ridiculous!

@grok, what podcast is this?

But borrowing against anything, it's still BORROWING. For the regular folks out there, YOU STILL NEED TO PAY IT BACK. So how will you pay it back? You'll say "my income, idiot" and then how is it beneficial other than for those that can't get credit?

The knowledge I'm gaining about money lately i just cant wait for capital to locate me😎😎

Is this applicable in Nigeria? Any #Nigeria #stock guru with this information? #NSEX #NG