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Have a plan in place before you get rich - Talking about secrets of wealth w @BlackSwanCapitalist
Jake Claver
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8 months ago
Find more from Jake Claver by visiting the links below:
🖥Websites🖥
Digital Ascension Group - https://www.digitalfamilyoffice.io
Beyond Broke Mastermind - https://mastermind.beyondbroke.com
Social media
Twitter - https://www.twitter.com/beyond_broke
Linkedin - https://www.linkedin.com/in/jacobclaver/
TikTok - https://www.tiktok.com/@jakeclaverqfop
Facebook - https://www.facebook.com/jakeclaverqfop
Category
🛠️
Lifestyle
Transcript
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00:00
that was the reason that i've been so proactive in doing what i'm doing and just have a plan in
00:04
place so know what levels you're going to be selling at understand the tax implications that
00:08
are involved with it have a plan for what you're going to do with those funds to buy cash flow
00:14
assets that can then pay for your liabilities in your lifestyle don't go buy the lambo go buy a
00:19
car wash that pays for the lambo okay just stuff like that have i guess my biggest piece would just
00:24
be have a plan in place for when price appreciation happens because it's going to and the last piece
00:29
to that that i want to mention is collateralized loans that you take against your assets are not
00:35
taxed if you can you know hold your assets with a custodian work with another lender to issue a loan
00:40
against them you don't even have to repay that if you don't want to the collateral that you posted
00:44
will pay the loan off on your debt but that's how the really wealthy people continue to repurpose the
00:50
liquidity that they put into an investment somewhere else with no tax implications
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