Just wondering if anyone here that’s not a billionaire or super rich is ACTUALLY using this method of leveraging loans agains owned assets to cover living expenses tax free.
Cheers !!!
In: Economics
The method is fuelled by having assets that you can borrow against to fund your living expenses that are either:
* continually increasing in value, so you can keep borrowing more and more against them, or
* so large you can keep borrowing more against them and never run out of value against which to borrow.
Needless to say, this is not true for 99.9% of us. If you try this technique without such assets, all you are doing is burning through your equity and when it comes time to pay interest and/or principal, you will have nothing.
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