The Big Picture- Investing Is Not The Same As Gambling- Buy/Borrow/Die Strategy

Send us Fan MailWelcome. Season 2 Episode #17.  Not Me, But You! Podcast. Consider leaving a 5 star review. Follow us on Spotify. If you enjoy my content, and want to support this podcast, click the referral link for I Trust Capital dot com. Currently, this is the only place I know of on planet Earth where you can buy/sell Bitcoin (and other crypto) plus gold/silver INSIDE of an IRA. I have a ROTH IRA at I Trust Capital dot com. Click link here: https://itrustcapital.com/?referral_id=AAWC4U&utm_source=RAFIf you want to become wealthy, then first study/learn what wealthy people do. Learn HOW they think about money. Educate yourself on the strategies that they utilize. Investing is NOT the same as gambling. But it does involve calculated risk. The only way I want to walk into a casino, is if I own the casino! What is the golden rule? He/she who holds the gold, gets to make all of the rules! Wealthy people buy/hold assets. Poor people buy things. Wealthy people treat their money like employees that they need to manage in order to obtain a desired result (make profit/increase cash flow). Two to three years ago, Solana (crypto coin) was costing $9 to $20/coin. Today? Solana is worth $200/coin! How is that ROI? Pretty good right? Is it better than investing in the S&P 500? Our main goal, as successful investors is to beat the TRUE rate of inflation with our investments. By beating the rate of inflation, we actually build true wealth and "get ahead" in life. If we only MATCH the true rate of inflation (about 7% to 8% per year) then all we are doing is "treading water" in terms of the "purchasing power" of our pile of money! What is the buy, borrow, die strategy that wealthy people utilize? And how does using this strategy save wealthy people from paying additional taxes on their gains? I cover this strategy in this episode. How will the USA developing a "strategic Bitcoin reserve" in 2025? What is you were holding enough Bitcoin, that you could take a loan against it? Would you owe taxes on your Bitcoin gains by doing this? Have courage today, to pick one thing, and work on your dreams. I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.