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The rich avoid taxes with a strategy called “Buy, Borrow, Die”, by using assets as collateral to borrow money, and write off interest as a tax deduction Step 1: Buy assets (hold to avoid taxes from selling) Step 2: Borrow money at low interest rate

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💡How Do Banks Really Work? Here's a Simple Visual Guide! 🏦 1️⃣ Banks take deposits from customers at ~4% interest. 2️⃣ They lend that money to borrowers at ~10% interest. 💰 The 6% spread is their profit. 🔍 Key Banking Terms You Should Know:

Do you guys use slice to borrow money I heard their interest rates are high compared to credit cards do you think slice makes sense.

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