The Key Strategies To Being Rich
Property investment is a key strategy for wealth accumulation, and the rich have mastered how to stay rich by minimising taxes and maximising returns.
I speak in more detail in one of the more recent Youtube video. CLICK HERE TO VIEW.
This Is How They Do It
For example you buy a property for $500,000 and then appreciates to $1 million. What do you do with that extra $500,000? Do you sell ? No. You Invest. You make smart investment choices that lead to significant equity without immediate tax implications.
Instead of facing capital gains tax by selling, the affluent leverage the $500,000 equity. This approach keeps the property and accesses cash without triggering taxes.
Leveraging is key
Understanding and leveraging tax laws is essential in property investment. It’s not just about earning more but making each dollar work smarter, particularly through tax-efficient investments.
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