Speaker 1: They want to go buy the iPhone, they just take
a low interest margin loan secured by the portfolio. I'd
say it's thirteen hundred dollars. They send it to their
bank account. That's thirteen hundred dollars that didn't exist. They
send it to the bank account, they buy their iPhone.
They bought their iPhone with money. That's never They didn't
work for it, and they didn't pay taxes on it.
So they bought their iPhone with money. It was never taxed,
so they immediately did it. They never sold the portfolio
to do it, so they avoided capital gains taxes. This
is by Borodai, and anybody can do it.
Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you
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Speaker 3: Ever, and welcome.
Speaker 4: You are listen, listening to and watching the Financial Survival Network.
I'm your host, Carrie Lutz. Well, believe it or not,
there is a way to pay no taxes legally. There
might be some risks involved. You got to think it over, obviously,
But Mark Quinn a new book out, Pay No Taxes,
and hey looking to forward, looking forward to hearing how
one can accomplish this legally without being let off in bracelets.
Speaker 1: It's actually pretty simple, by the way. Yeah, definitely don't
get don't do anything illegal. They're all IRS tax codes.
The book is forty nine chapters, it's over four hundred pages.
It's simple, it's easy to understand, and specifically, I was
asked to write it to simplify the process for ordinary Americans.
So it's actually dedicated to plumbers and electricians and bricklayers,
and I used to mix concrete growing up. It's factory workers.
Wanted to simplify it so anybody can do it. So yeah,
the book is be smart, pay zero tax. It's used
a buy borrow die strategy to get rich and stay rich,
and anybody can do it. The strategy is not a
new strategy. It's it's what the billionaires use. But anybody
can do it. So let me let me simplify it
for you. Let's say that everybody wanted to buy an
iPhone every single year, but they also wanted to invest.
Let's say they did five hundred dollars a month into
their brokerage account, their investment account, just a regular traditional
bank account, right, so they put twelve thousand in there,
one thousand bucks a month. They have twelve thousand there.
They want to go buy the iPhone. They just take
a low interest margin loan secured by the portfolio. Let's
say it's thirteen hundred dollars. They send it to their
bank account. That's thirteen hundred dollars that didn't exist. They
send it to the bank account, they buy their iPhone.
They bought their iPhone with money. That's never They didn't
work for it, and they didn't pay taxes on it.
So they bought their iPhone with money. It was never taxed,
so they immediately did it. They never sold the portfolio
to do it, so they avoided capital gains. This is
by borode and anybody can do it. We start people
with one hundred dollars in a brokerage account just to
learn the system.
Speaker 3: Okay, so you're using this yourself here, Well.
Speaker 1: I have all my money is into it, and by
our YouTube channel, I'll literally show you all my investment accounts.
All my holdings. I show it to all my students.
We have hundreds of people doing it and it's kind
of new right now. In three years, it'll be everywhere.
We're going to have millions and millions of ordinary.
Speaker 3: Okay, So Arnes use any strategy because you can build wealth.
Speaker 1: You can you can retire early and you don't need
a retirement account.
Speaker 3: So how do you do with death? Crypto currencies?
Speaker 1: You deal with cryptocurrencies. You can do it with a
company called Salt Lending. Salt is a company that lends
money against your bitcoin. So let's say you said, I
want to buy bitcoin and I want to keep buying
it forever and never sell it. I'll just keep buying
in the ups and downs you keep buying it, you
can actually take loans for a company called Salt Lending.
They're a specific company that will lend you money based
to you. If you've ever sold you your briitcoin, when
is it taxable? It never is. What if you just
keep buying your bitcoin, well, it just keep buying ups
and downs, you accumulate more of it. You would never
want to sell it because you would trigger the capital
gains taxes. But when you borrow from it. What if
you wanted to borrow to go buy real estate that's
not taxable, So you can also deal with ETFs. You
could take RCB, for example, I do this in my
Robinhood account. I'll just buy RCB forever. I'll never sell it.
If I need some cash, I'll just take a margin loan,
send it to my bank account, and I'll spend money.
That's never I never had to work or pay taxes
on and I didn't trigger the capital gains taxes. It's
that simple.
Speaker 3: Aren't you assuming that this stuff is always going to
go up? Isn't that the base is basically you don't.
Speaker 1: Even need it to go up. There's there's there's complex option,
there's complex ETFs, like is it an ETF? You can
do whatever you want there. They can do complex options,
trades covered calls in there that pay twelve percent, So
even the market doesn't go up, I'm still getting the
twelve percent dividend when we started that. When we started
this course, we were we were invest thing in covered
call ETFs. They were paying a twelve percent dividend and
we were borrowing at two percent interest. So you could
literally buy and then you could buy again double the portfolio.
You're getting a twenty four percent dividend and you're paying
two percent interest.
Speaker 3: But the margin rates have gone up now, haven't they.
Speaker 1: I'm borrowing at five and a quarter, but my portfolio
gets over a twenty six percent dividend, so it doesn't
really matter my dividends are. This is all on the
YouTube channel. Anybody can go to the YouTube channel, watch
the video, look at my old positions. How to do it.
There's even instructions on that on how to do it. Yeah,
you can actually get a very high rate of return,
very high dividends, and borrow at a lower interest rate
with no application, no credit check, It doesn't report to
your credit and there's no no required payments on the loans.
My dividends, my dividend income was forty eight hundred last
last month, forty eight hundred. The cost of the debt
was three hundred dollars. So just roll it on, keep
it going. The more I borrow, the fast d I
became financially pennant.
Speaker 4: Amazing, amazing, all right, So tell us the book again.
The name be Smart pays zero taxes. It's used the
by borow die strategy to get rich and stay rich.
It's a number one on Amazon in three different categories,
and we haven't even sold the book yet, so it's actually.
Speaker 1: Out March fourth. The thing about here is, let me
simplify it even more.
Speaker 3: Okay.
Speaker 1: Let's say the house that I'm in right now, I
bought it. I put three percent down, Okay, so I
had to work to earn that money and pay taxes.
We'll say three percent. I took a loan for ninety
seven percent. So let's say that's five hundred grand. Where
did the five hundred grand come from when I took
the loan? Where did it come from? Where did the
money come from? Assigned a mortgage document? Five hundred grand
just didn't exist? Now it exists. Did I have to
pay taxes on the five hundred grand?
Speaker 4: No?
Speaker 3: Did I have to work for it? No?
Speaker 1: Did I have to fight inflation? No? Oh, I bought
a home. I created five hundred grand by signing a mortgage, Jacoman,
I didn't have to work for pay taxes. See, when
you buy a home with debt, you are doing by borodye.
You buy it with none of your own money, which
never you never had to work or pay taxes on it.
Three percent down? The ninety seven percent, just create it
on a computer, didn't work for it, and then you
grow it with no taxes. If you don't sell it,
you never pay taxes. What if you grew it and
borrowed from that home another three percent to buy another home.
You're doing by borodye. You're doing what the wealthy people do.
They buy assets, they never sell them. They borrow from
one asset to buy the other asset, they never sell it.
The rich people will take a brokerage account, find it
up with stocks. They love their teslas and videos and
have broad commns and whatever, and they'll fund it, and
then they'll borrow from that to buy artwork. They'll take
a five million dollar piece artwork, put it on their
wall and they go, that's ridiculous, it's not really mine.
They'll take a loan from the artwork and then go
buy stocks with it. They'll do it with real estate.
We do it with stocks, ETFs, life insurance, real estate,
cryptocurrency and golden piercous metals.
Speaker 3: Yeah, all these markets blow up.
Speaker 1: Is gold going to crash?
Speaker 3: Yeah? Right?
Speaker 1: I mean if you invest in gold, that's a pretty
non correlated asset.
Speaker 3: Uh.
Speaker 1: Bitcoin, we know the risks of that. Life insurance policies
can never lose money. They can only go up and
they can't go down. So that's another asset.
Speaker 3: Gold.
Speaker 1: Gold and insurance policies are different correlation, right, So again
for your audience, correlation. You don't want everything to go
up when the economy is good and everything to go down.
You want some things to go up. You want some
things to go crash. If this one crashes, you borrow
from that one to fund that one. When that one recovers,
you can borrow from that one to fund that one.
And you use correlation to make money. You want some
to crash, you want some to not crash. And as
long as you can borrow from one asset to the
other asset, you can always buy low. And you know,
buy buy low with other people's money, with money that's
never but you never had to work or pay taxes on.
So this is the This is the system. It sounds crazy,
it's exactly the opposite we've been taught to do. It
is the system that billionaires use. And this is why
I was contacted because they said, can you write a
book on this concept and simplify it to ordinary Americans.
I'm like, okay, so that's all I've been doing, all right,
so for nine months is writing and writing for about
nine months now. And the book will be out in.
Speaker 4: March because that March, and we will have a link
in the show notes to this interview.
Speaker 3: And hey, it sounds intriguing.
Speaker 4: I'm definitely going to read it and write a review
and maybe we'll have you back on after we get
the book. And what's the website.
Speaker 1: The website is the Perfect Portfolio dot com. Also the
YouTube channels of the Perfect Portfolio dot com and you
can go there's a video called how Ordinary Americans can
pay no Taxes, pay zero taxes. They can watch the video,
they can learn all about it. We actually developed a
fully automated video to explain this. But it's it's really simple.
And like I said, we start people with one hundred
dollars in a brokerage account. They get over two thousand,
they can press the borro button, they can create money
and uh and uh yeah. All the positions are in
my account are on the YouTube channel. You fully disclose it.
I can meet with anybody. I can just open up
my accounts and show them exactly what I held.
Speaker 3: All right, I love it sounds really interesting.
Speaker 4: We'll have a link to this interview on Financial Survival
Network dot com. Got a question for Mark myself shooting
me an email kyl Atcarrie Lutz dot com. We're very
much looking forward to the book mark and hey, we'll
have you back on after the book is out and
I have a chance to read it and reveal it.
Speaker 1: Sure, that'd be awesome. And again, if you wanted to,
you know, you want to put one hundred bucks in,
I could actually send you the instructions. You can even
try it out for yourself, kick the tires and let
me know what you feel.
Speaker 3: Absolutely, you got it. That's good.
Speaker 1: Great talking to you. Looking forward to meeting with you
again in the future.
Speaker 2: Like Ques, thanks for listening to Carrie, says Financial Survival
Network your solution to today's trying times. For the latest,
go to Financial Survivalnetwork dot com. Financial Survival Network now
more than ever,