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The best way for the “regular working person” that isn’t broke or rich to execute this strategy is a whole life insurance policy designed for maximum cash value and minimum premiums.

Does the tax penalty waiver apply for state taxes?

Perfect it is exactly what I was looking for . I will contact you asap. Thanks

The beautiful thing is, whether or not we know the law, we get the benefits of the law!! So just buy assets for the long-term. Everything else works out great. The problem is most people aren't buying assets. 😂❤😂❤😂 Sherman can help with vetting my long-term investment strategy??

Bet you can't avoid interest though. ;) When you can avoid that, please let us know.

Say I had a disabled cousin on social security in the 0% tax bracket but eventually he had 1 million dollars in stocks that were sold.. how much in tax would he have to pay total?

Helpful tip, put your camera on a tripod so it is stable (looks like it might be on a table or possibly the webcam from the computer but it is shaking alot). You can also add some warp stabilization in post so that way it helps remove some of the jitters.

Thank you for the video!

Hello. Will they count Pension Income as Earned Income, when considering your tax bracket?

Exactly what I needed to know. Thank You.

Great information!!!!! Why is this not taught in schools? Thank you!

A camel has a better chance to get through the eye of a needle than a rich man has getting into heaven. Stealing and greed can send you to hell. I'm not borrowing money without paying it back. Thats stealing. The poor pay taxes. Why can't the rich? They have more. God is watching you.

You can collect dividends or interest on your assets and live on that. It's not zero income, but it's a HELL of a lot less with low dividend stocks, for example, than selling stocks with significant unrealized income (turning ALL the profit into income).

phenomenal information! thank you for sharing your knowledge

Great information. Thank you!!!

Thanks Sherman. I want to set up child care benefits for my employees. How does it work? Do I pay the employee for the child care? Or do I pay the child care facility directly? Can I provide child care within my business and hire someone to manage that department? Thanks.

Both right now. My day job funds my real plans. Real estate and perhaps other businesses until I can work what I want and how much I want in perpetual semi-retirement 🏠🏠🏠🏠🏠🏠🏠🏠

My main complaint is people living paycheck to paycheck cant afford rent and even that money is being taxed. They need to let ppl pay rent and bills before taxing them. Many ppl literally cant afford to invest a damn penny

If you’re part of an investment group and they charge a monthly percentage of profits for commission, can you write that cost off?

Hey Sherman, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

thanks for this video... helps a lot!

I also would love to know more about HSA’s and properly writing off medical and health related expenses as a self-employed business owner. Also be interested in learning more about your service. Do you work with people that have lived overseas and have foreign taxes as well? I’m currently in the USA and am originally a USA citizen thank you.

Knowledge is power; thank you

Great information broo!! As a Bussiness owner, Im allowed to deduct all of my 401k Contributions on my taxes for that year???

High leveraged folks are the first to crumble in unpredictable market shifts.

Leverage is good if you already have the amount borrowed. So if the market goes down you can pay back without paying interest.

I DISAGREE!! I’m going to be honest with ALL the research 🧐 and data from retirees- ROTH IRA is the better “money vehicle” than IRA! That’s bc an IRA you pay 💰 taxes when you retire!! which is horrible your old and you still paying taxes!! While the Roth IRA takes the taxes out now, which will be taxed less, and be tax free when retired! An example-I’m retired and had a regular IRA, I pull out $3,000 per month will be taxed higher bc of the amount I’m pulling out VS the ROTH IRA where your monthly $250 was taxed! Which got taxed less? $3,000 or the $250?? Be real NO ONE wants to retire and still have taxes taken out, bc that $3k isn’t it after taxes…. And being old and on a fixed income is hard enough don’t need to be taxed on top of that!! I And watch out with the company that runs them!! They may have fees! Don’t use them, and don’t go for a company that is too young or not heard off, bc you don’t want that company going out of business! Don’t do 401k bc you’re placing your money 💰 in the hands of an unknown money manager who you CANT SUE!! With some of the new laws passed if they loss ALLLL your money 💰 buy wrong stocks or whatever it’s your PROBLEM! Start generational wealth with dividends, Roth IRA and a high yield savings account!!

Never try this strategy with under 5 million. It won't work with small asset holders. This works best with 20 million or more.

I don't see how this could work in Kanadistan. - There will be interest and likely principal repayments on the debt. The only way to finance thes are through a hamster wheel of more and more debt. - Using cash flow from the asset itself to pay off personal debt is either income itself first, or a taxable benefit if paid directly by an asset that is a seperate legal entity. - If debt was borrowed from such an entity in the first place, rather than arms-length lender, it will either have to report & pay extra high tax on the interest income, or the debt will be treated as dividend income to the individual and taxed.

Doesn’t make any sense. When you donate 100$ stock you donate 100$. Because you can sell it for 100$. No matter how much you paid when you purchase them. ….

Rental income from assets counts as income

If you buy a house and live in it for 2 years then sell it you didn't have to pay capital gains.

This is great and all but I've heard that it is illegal for companies to misclassify someone as an independent contractor. Is this true? (www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee)

Thank you

and for the little guy holding crypto, less then $100,000 ?

Ok, so when you die you lose 100% of everything. Screw that, I want to enjoy at least a big part of my hard earned savings before I lose it all by death or retirement home

This will help me one I have my 100 million dollar stock portfolio

For someone w a w2 job that is slready paying towards social security and medicare, is self employment tax still applicable if the person has a side hustle business?

This is an excellent video in every aspect. The knowledge, the editing, the simplicity, etc. Thank you Sherman for the help. I really appreciate it.

Ok, I am not sure I understand how this works. Say I incorporate my business and use your strategy. I would use the profits the company makes to purchase assets, say for simplicity's sake I buy ETFs in S&O, DOW, GOLD, SILVER and other markets such as food, tech and pharma. Now, who borrows the money? Me or my company? If it's me, how do I repay the loan if I have no income? If it's the company, how do I take the money out for my own use without it being considered a salary? The plan sounds very interesting but the details are missing.

You lost me immediately when you say life insurance is an appreciated asset...😅

Hi, i need a professional cpa. I'll reach out to you

interested in R&D

Is all this the same for the uk, sorry if I sound thick I’m new to all of this. Great video very informative thank you

I use ADP now as a 1099 employee because I’ve used them as a W2 employee for another company. I didn’t want to go with the unknown.

This is called leveraging and it is great when times are good and every asset is appreciating. Also if you are rich enough and diversified enough to handle downturns. But this creates a house of cards that will destroy your financial security when value of assets plummet and you are faced with a mountain of leveraged debt, upside down, and zero liquidity. People doing this really need to understand the risks. The “die” part is when they jump off a building because they’ve lost everything and more in a market crash or extended recession. It has happened before. It will happen again. Good times don’t last forever.

You left out START-UP BUSINESS EXPENSES

To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

I love how simple you explained everything. Thank you