💵 Click here to learn more about BetterWealth now! https://www.betterwealth.com/jake Thanks to BetterWealth for being the paid sponsor of this video!
💻 Learn exactly how I landed my $40/hr work-from-home job ($83k/yr) at 19 years old WITHOUT a degree or experience ✅ Click here ➡️ https://www.evil.university/remote
😳 Learn the ONE SECRET that has made every giant corporation and government successful ➡️ https://evil.university/war
😈 Watch exclusive documentaries that are too controversial to ever be released to the public: https://jake.yt/join Updated refund policy: Email us within your first month of joining and we'll refund you for your first month. There is no refund if you cancel at a later time.
🐤 Follow me on Twitter: @jaketrann https://jake.yt/x 📸 Follow me on IG: @jaketran https://jake.yt/IG Please watch out for fake IG accounts. I will never message you asking for money or to invest. My IG account is spelled exactly like this: @jaketran
🎥 About this channel: We make free premium documentaries on money, power, and crime to expose how the world really works. Subscribe for more: https://jake.yt/watch-now
🍔 Subscribe to our other channel @EvilFoodSupply, where we expose all the evils of our modern diet ➡️ https://jake.yt/evilfood
----------------------- In this video, Caleb Guilliams from Better Wealth exposes how the wealthy elite create generational wealth and how they pass down their wealth to ensure the family wealth keeps growing generation after generation unfeathered by taxes, the government, etc. This is done through a series of complicated family trusts, life insurance policies (what Caleb calls The And Asset), private family foundations, family offices, etc.
Caleb Guilliams from Better Wealth has dedicated his life to learning how the ultra wealthy do things, and bringing down that knowledge down to everyday people like us.
Life insurance: For the ultra wealthy, life insurance is this insanely powerful tool that they keep under wraps "Your money safe, it will grow the rest of your life. It will grow tax deferred, you can use your money tax free, it will get passed on tax free. It has a lot of other benefits. And so what the wealthy use it is, they don't use it as a, an investment, they use it as like a safe asset. I call it The And Asset because they're able to get their dollars more than one job. And so they're able to do that while it's protected, while, while it's off the radar screen of, of the IRS because it's not considered income. And that's, that's how a lot of wealthy people use it. And then step number three is usually what they, to, to take the money or to utilize the money." "You're not withdrawing your money. What a, what a lot of people do cuz that would be in a lot of cases taxable upon gain. They're borrowing against it or using a third party bank to borrow against their assets. And as a result, if you borrow against it, it's not considered income. So a lot of wealthy people like Elon Musk and all these people, they're, they're borrowing against the equity in their businesses insurance. And when you max fund insurance, that's why a bunch of banks do this. Over 3000 banks today have what's called bank own life insurance." -----------------------
All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, [email protected], and we can sort it out.
This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.
AFFILIATE DISCLOSURE: Some of the links in this video's description are affiliate links, meaning, at no additional cost to you, the owner may earn a commission if you click through, make a purchase, and/or opt-in.
