Part 3/10:
- Using debt strategically to fund investments and lifestyle while maintaining control over assets
His core philosophy revolves around the concept of buy, borrow, die, a method that enables investors to grow their wealth tax-efficiently.
The Buy, Borrow, Die Strategy Explained
This well-known approach involves three key steps:
Buy assets that increase in value or produce income
Borrow against these assets to fund additional investments or lifestyle expenses
Never sell the assets; instead, hold onto them until death, passing them on to heirs with stepped-up tax basis, often resulting in minimal tax liability