Hello Ms. Sharon, Thanks for the vid. It's clear that the strategy covered is best. You cannot convince all...just need to reach one or two...!! Keep sharing so that I/we can continue to learn.
Lots of channels out there to explain the buy borrow die… At this point no additional conversation should be required. Either you agree or align or choose to chase some other strategy. I say good luck with your investment strategy or tax strategies!!
Hi Sharon, I watch your channel.Love it. I am wondering if you could do a video on how " Buy,borrow, die " would work in Canada given our tax system. Thanks Paul Clarke.
How does paying for SBLOCs interest work? You pay it with your in come or does it get deducted from your gains on a monthly basis until that interest is paid off? Also, is that the same as doing a margin loan?
Hi Sharon, Thank you again for your videos. If I understand correctly, most of your Buy Borrow Die videos assume that you’re taking the Sbloc for additional investment. Can you consider doing a video that has people using the money for consumption in retirement as opposed to just doing a 4% withdrawal rate? Does that make any difference if you’re not paying off the loan and the loan interest compounds?
But how do I pay the interest? I need money from somewhere else? Are you assuming dividends can service this interest? How do I pay for everyday expenses?
Is simple just make sure your money is invested in access that exceed your loan rate. most brokerage have terrible rates. I transferred everything to IRBK the have crazy low rates. When you need money just take it out and never pay it back because your investment rate will far exceed the rate of the loan interest. When you pass away your children will receive your access at current market price with no capital gains. They can sell at no loss and pay off your debt and never pay capital gains tax. Take her course is very educational. It has been a tremendous wealth creator for me and my family. The only tip I can give you is not to borrow more that 25 percent of what is available in case the market crashes and you do t get a matching call.
I love your course! You are the best! I took it last year and thanks to it I made an extra 200k in profit on my current assets in 1 year. IRBK was also a great recommendation for a broker. Strongly recommend her courses
😂 BBD: Better Business Death Bureau. The buy, borrow, die method: shouldn’t it be The Buy, Borrow, (enjoy a long healthy lifestyle) then die happy. I understand, what if you settled the debt with the interest from high yield accounts and stock dividend returns, any other interest earned assets along the way; fully debt free lifestyle by the end of a decade, self sufficient and retired. Question: the taxes not paid on each asset; reduces funding for public schools and roads. So, be sure to be charitable to your favorite charities. Don’t over extend what you can afford to cover from interest earned. Hum, this idea is growing on me. Considering it.
Hello Ms. Sharon, Thanks for the vid. It's clear that the strategy covered is best. You cannot convince all...just need to reach one or two...!! Keep sharing so that I/we can continue to learn.
Lots of channels out there to explain the buy borrow die…
At this point no additional conversation should be required. Either you agree or align or choose to chase some other strategy.
I say good luck with your investment strategy or tax strategies!!
hey sharon i’m currently 24 years old and i’m planning on using this strategy for my only form of debt
the best BBD video, thanks for sharing
Thank you for watching!
Great content as always! More, please.
Thank you!
Hi Sharon,
I watch your channel.Love it.
I am wondering if you could do a video on how " Buy,borrow, die " would work in Canada given our tax system.
Thanks
Paul Clarke.
How does paying for SBLOCs interest work? You pay it with your in come or does it get deducted from your gains on a monthly basis until that interest is paid off?
Also, is that the same as doing a margin loan?
oh I thought she meant the principle doesn’t get paid, just the interest
Hi Sharon,
Thank you again for your videos.
If I understand correctly, most of your Buy Borrow Die videos assume that you’re taking the Sbloc for additional investment.
Can you consider doing a video that has people using the money for consumption in retirement as opposed to just doing a 4% withdrawal rate?
Does that make any difference if you’re not paying off the loan and the loan interest compounds?
But how do I pay the interest? I need money from somewhere else?
Are you assuming dividends can service this interest?
How do I pay for everyday expenses?
Is simple just make sure your money is invested in access that exceed your loan rate. most brokerage have terrible rates. I transferred everything to IRBK the have crazy low rates.
When you need money just take it out and never pay it back because your investment rate will far exceed the rate of the loan interest. When you pass away your children will receive your access at current market price with no capital gains. They can sell at no loss and pay off your debt and never pay capital gains tax. Take her course is very educational. It has been a tremendous wealth creator for me and my family. The only tip I can give you is not to borrow more that 25 percent of what is available in case the market crashes and you do t get a matching call.
So in what scenarios is the SBLOC interest deductible?
Is it possible for your brokerage to prohibit you from double dipping?
Would you recommend using your SBLOC to buy a growth stock like Tesla.
Would you be willing to own Tesla for the rest of your life?
@jamesmccoy3847 No problem. Looks like a great company with growth potential. I see myself holding Apple or Amazon.
😊👍🙏
I love your course! You are the best! I took it last year and thanks to it I made an extra 200k in profit on my current assets in 1 year. IRBK was also a great recommendation for a broker. Strongly recommend her courses
Really appreciate your kind words! Glad you enjoyed the course 😁
😂 BBD: Better Business Death Bureau.
The buy, borrow, die method: shouldn’t it be
The Buy, Borrow, (enjoy a long healthy lifestyle) then die happy.
I understand, what if you settled the debt with the interest from high yield accounts and stock dividend returns, any other interest earned assets along the way; fully debt free lifestyle by the end of a decade, self sufficient and retired. Question: the taxes not paid on each asset; reduces funding for public schools and roads. So, be sure to be charitable to your favorite charities. Don’t over extend what you can afford to cover from interest earned. Hum, this idea is growing on me. Considering it.
Is your cat eating the plant?
i wish i could marry her!
📠