Let’s do a hypothetical
Say you accumulated gold for 20 years at an average price of $1,200. Total cost $600K
Current value grows to $1.5 million due to price appreciation.
You have a choice
A) Sell it and the IRS takes A third.
B) Put it into a trust and borrow $1 million against it.
You chose B) and have $1 million tax free money in hand then you invest it; use the part of the income from the new investment to pay the interest on the gold leverage while the price continues to increase. Use the rest of the income to live and invest in more sources of income.
After 25 years the price of gold may have increased 10X. You die and leave a $1 million principal loan balance for the trust to pay off, and a $15 million asset for your heirs to do the same thing you did, but bigger.
The IRS gets zero dollars from the trust
Just thinking out loud
Good luck
Suggestions for your credit that bear repeating:
1. STOP USING DEBIT CARDS (Your money)
- Zero benefit to your credit score/profile
- High personal liability
2. Get ONLY Bank credit cards (Bank Money)
-American Express
-Capital One
-Chase
-Discover
3. For those building credit
- Get a secured credit card i.e. Capital One Platinum
- Use it for essentials and pay it off every 3-7 days
- After 6 months change it to unsecured
- Ask for a credit increase every 6 months
- Stepping stone to high end credit
4. The ultimate goal is business and corporate credit (commercial money)
- Stop using the Social Security number
- Everything becomes tax deductible
- Use business credit to acquire business assets
- Protect your privacy
Good luck
Words cannot express how grateful I am to have met the one and only @CoachGregAdams! 🙌🐐🥇😎 He hosted an unforgettable meetup yesterday--one filled with inspiring conversation, comradery, fellowship, and brotherhood. 💪His passion and dedication to helping the world by spreading his message is simply undeniable! 🔥🔥🔥 What an honor it was to meet such a downright amazing man! 🙏 I'm very blessed to have had the opportunity to attend!
And to the fellow Coach Gang members also in attendance last night, it was so great meeting you and bonding together through our love for all things CGA. Hope to see you all again in the near future! 🫡
Shoutout to the Coach Gang! Let's keep Bossing Up! 🔥
Thanks again, Coach! 🙏🫡
P.S. Uncle Earl and Tiffany are wonderful people! They were the perfect choice of special guests 💯👌
