The Perfect Portfolio: How the Rich Pay NO Taxes! And you can do it too!

[@sabb2942]

When are the next two classes? These are from August 2024.

[@P2Wealth]

Hi there! You can message our team at ThePerfectPortfolio.com, where you'll also find options to boost your financial IQ. We're currently in the middle of a class, but we can definitely catch you up if needed. Just let us know how we can help - we're here to see you succeed!

[@METVWETV]

Is there a Strategy to reduce or eliminate Taxes on ROTH Conversions? Would the depreciation from buying Real Estate or a Business offset the taxes? Or does Buy Borrow Die work for this too? Thanks!

[@P2Wealth]

Hi yes there is. But some of the strategies you must be an accredited investor to use them. And we also have other strategies in real estate to eliminate all forms of taxes (w2, 1099) and that can also be used when converting IRAs.

[@METVWETV]

​@@P2Wealth Thank you.... Do you discuss this in any of your videos or will you be in a future video (Hint, Hint, Nudge...!)??

[@P2Wealth]

@@METVWETV yes, you can reduce taxes on conversions but some strategies require you to be an accredited investor.

[@JamesSchultza]

Thank you very much for this education, I love what you’re teaching and have read 10 ways book about 5 times. Where are you seeing margin rates at 6.75% in July of 2024? Current rates are around 12%?

[@P2Wealth]

James, sounds like you are with a mega broker. Both M1 Finance and Robinhood have super low margin rates. Also, when folks read Marks books I know he loves to say thank you. Shoot me an email at [e-mail] and I’ll let Mark know about this message. Thanks, Norelvy

[@JamesSchultza]

I see M1 finance offers 7.25% for standard accounts, so maybe that is close enough :)

[@timothyorcutt7493]

Robinhood is 6.75​@@JamesSchultza

[@925Prophet]

You keep saying the margin loans are tax free, true. But that’s not the whole story, the dividends you use to pay down the margin loan is taxable. You have to pay taxes on dividend income. Not to mention margin lending on some of those highly volatile single stocks would wreck your portfolio into a margin call in a market crash!

[@P2Wealth]

Yes I don’t have to pay any income taxes when using margin loans. Income taxes are the highest taxes. The margin interest is tax deductible and many of my dividends are tax advantaged and/or ROC. The dynamic rebalancing in M1 helps drive growth in the portfolio and I’ll never sell the growth and never pay taxes. I paid $175 in margin interest and got $2340 in dividends. I use real estate to generate 100% tax-free income which I feed back into my Buy, Borrow, Did strategy. It is an 8 week course and impossible to show all the prices in a short video. But I’m writing the book about it now. Should be out by November