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Tax-Free Wealth Secrets - Mark Quann #6240 · Financial Survival Network

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  Speaker 1: They want to go buy the iPhone, they just take
• 0:02
  Speaker 1: a low interest margin loan secured by the portfolio. I'd
• 0:06
  Speaker 1: say it's thirteen hundred dollars. They send it to their
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  Speaker 1: bank account. That's thirteen hundred dollars that didn't exist. They
• 0:11
  Speaker 1: send it to the bank account, they buy their iPhone.
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  Speaker 1: They bought their iPhone with money. That's never They didn't
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  Speaker 1: work for it, and they didn't pay taxes on it.
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  Speaker 1: So they bought their iPhone with money. It was never taxed,
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  Speaker 1: so they immediately did it. They never sold the portfolio
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  Speaker 1: to do it, so they avoided capital gains taxes. This
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  Speaker 1: is by Borodai, and anybody can do it.
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  Speaker 2: You're listening to Carrie Letz's Financial Survival Network, where you
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  Speaker 2: get valuable information you just can't find anywhere else to
• 0:39
  Speaker 2: thrive in today's trying times. You need the Financial Survival
• 0:43
  Speaker 2: Network now more than ever. Go to Financial Survivalnetwork dot
• 0:47
  Speaker 2: com and get your free newsletter and gift. Financial Survival
• 0:52
  Speaker 2: Network now more than.
• 0:54
  Speaker 3: Ever, and welcome.
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  Speaker 4: You are listen, listening to and watching the Financial Survival Network.
• 1:03
  Speaker 4: I'm your host, Carrie Lutz. Well, believe it or not,
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  Speaker 4: there is a way to pay no taxes legally. There
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  Speaker 4: might be some risks involved. You got to think it over, obviously,
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  Speaker 4: But Mark Quinn a new book out, Pay No Taxes,
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  Speaker 4: and hey looking to forward, looking forward to hearing how
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  Speaker 4: one can accomplish this legally without being let off in bracelets.
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  Speaker 1: It's actually pretty simple, by the way. Yeah, definitely don't
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  Speaker 1: get don't do anything illegal. They're all IRS tax codes.
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  Speaker 1: The book is forty nine chapters, it's over four hundred pages.
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  Speaker 1: It's simple, it's easy to understand, and specifically, I was
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  Speaker 1: asked to write it to simplify the process for ordinary Americans.
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  Speaker 1: So it's actually dedicated to plumbers and electricians and bricklayers,
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  Speaker 1: and I used to mix concrete growing up. It's factory workers.
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  Speaker 1: Wanted to simplify it so anybody can do it. So yeah,
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  Speaker 1: the book is be smart, pay zero tax. It's used
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  Speaker 1: a buy borrow die strategy to get rich and stay rich,
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  Speaker 1: and anybody can do it. The strategy is not a
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  Speaker 1: new strategy. It's it's what the billionaires use. But anybody
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  Speaker 1: can do it. So let me let me simplify it
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  Speaker 1: for you. Let's say that everybody wanted to buy an
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  Speaker 1: iPhone every single year, but they also wanted to invest.
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  Speaker 1: Let's say they did five hundred dollars a month into
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  Speaker 1: their brokerage account, their investment account, just a regular traditional
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  Speaker 1: bank account, right, so they put twelve thousand in there,
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  Speaker 1: one thousand bucks a month. They have twelve thousand there.
• 2:32
  Speaker 1: They want to go buy the iPhone. They just take
• 2:34
  Speaker 1: a low interest margin loan secured by the portfolio. Let's
• 2:38
  Speaker 1: say it's thirteen hundred dollars. They send it to their
• 2:40
  Speaker 1: bank account. That's thirteen hundred dollars that didn't exist. They
• 2:44
  Speaker 1: send it to the bank account, they buy their iPhone.
• 2:46
  Speaker 1: They bought their iPhone with money. That's never They didn't
• 2:49
  Speaker 1: work for it, and they didn't pay taxes on it.
• 2:52
  Speaker 1: So they bought their iPhone with money. It was never taxed,
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  Speaker 1: so they immediately did it. They never sold the portfolio
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  Speaker 1: to do it, so they avoided capital gains. This is
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  Speaker 1: by borode and anybody can do it. We start people
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  Speaker 1: with one hundred dollars in a brokerage account just to
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  Speaker 1: learn the system.
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  Speaker 3: Okay, so you're using this yourself here, Well.
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  Speaker 1: I have all my money is into it, and by
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  Speaker 1: our YouTube channel, I'll literally show you all my investment accounts.
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  Speaker 1: All my holdings. I show it to all my students.
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  Speaker 1: We have hundreds of people doing it and it's kind
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  Speaker 1: of new right now. In three years, it'll be everywhere.
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  Speaker 1: We're going to have millions and millions of ordinary.
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  Speaker 3: Okay, So Arnes use any strategy because you can build wealth.
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  Speaker 1: You can you can retire early and you don't need
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  Speaker 1: a retirement account.
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  Speaker 3: So how do you do with death? Crypto currencies?
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  Speaker 1: You deal with cryptocurrencies. You can do it with a
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  Speaker 1: company called Salt Lending. Salt is a company that lends
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  Speaker 1: money against your bitcoin. So let's say you said, I
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  Speaker 1: want to buy bitcoin and I want to keep buying
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  Speaker 1: it forever and never sell it. I'll just keep buying
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  Speaker 1: in the ups and downs you keep buying it, you
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  Speaker 1: can actually take loans for a company called Salt Lending.
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  Speaker 1: They're a specific company that will lend you money based
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  Speaker 1: to you. If you've ever sold you your briitcoin, when
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  Speaker 1: is it taxable? It never is. What if you just
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  Speaker 1: keep buying your bitcoin, well, it just keep buying ups
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  Speaker 1: and downs, you accumulate more of it. You would never
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  Speaker 1: want to sell it because you would trigger the capital
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  Speaker 1: gains taxes. But when you borrow from it. What if
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  Speaker 1: you wanted to borrow to go buy real estate that's
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  Speaker 1: not taxable, So you can also deal with ETFs. You
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  Speaker 1: could take RCB, for example, I do this in my
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  Speaker 1: Robinhood account. I'll just buy RCB forever. I'll never sell it.
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  Speaker 1: If I need some cash, I'll just take a margin loan,
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  Speaker 1: send it to my bank account, and I'll spend money.
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  Speaker 1: That's never I never had to work or pay taxes
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  Speaker 1: on and I didn't trigger the capital gains taxes. It's
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  Speaker 1: that simple.
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  Speaker 3: Aren't you assuming that this stuff is always going to
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  Speaker 3: go up? Isn't that the base is basically you don't.
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  Speaker 1: Even need it to go up. There's there's there's complex option,
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  Speaker 1: there's complex ETFs, like is it an ETF? You can
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  Speaker 1: do whatever you want there. They can do complex options,
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  Speaker 1: trades covered calls in there that pay twelve percent, So
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  Speaker 1: even the market doesn't go up, I'm still getting the
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  Speaker 1: twelve percent dividend when we started that. When we started
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  Speaker 1: this course, we were we were invest thing in covered
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  Speaker 1: call ETFs. They were paying a twelve percent dividend and
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  Speaker 1: we were borrowing at two percent interest. So you could
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  Speaker 1: literally buy and then you could buy again double the portfolio.
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  Speaker 1: You're getting a twenty four percent dividend and you're paying
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  Speaker 1: two percent interest.
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  Speaker 3: But the margin rates have gone up now, haven't they.
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  Speaker 1: I'm borrowing at five and a quarter, but my portfolio
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  Speaker 1: gets over a twenty six percent dividend, so it doesn't
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  Speaker 1: really matter my dividends are. This is all on the
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  Speaker 1: YouTube channel. Anybody can go to the YouTube channel, watch
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  Speaker 1: the video, look at my old positions. How to do it.
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  Speaker 1: There's even instructions on that on how to do it. Yeah,
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  Speaker 1: you can actually get a very high rate of return,
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  Speaker 1: very high dividends, and borrow at a lower interest rate
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  Speaker 1: with no application, no credit check, It doesn't report to
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  Speaker 1: your credit and there's no no required payments on the loans.
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  Speaker 1: My dividends, my dividend income was forty eight hundred last
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  Speaker 1: last month, forty eight hundred. The cost of the debt
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  Speaker 1: was three hundred dollars. So just roll it on, keep
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  Speaker 1: it going. The more I borrow, the fast d I
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  Speaker 1: became financially pennant.
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  Speaker 4: Amazing, amazing, all right, So tell us the book again.
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  Speaker 4: The name be Smart pays zero taxes. It's used the
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  Speaker 4: by borow die strategy to get rich and stay rich.
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  Speaker 4: It's a number one on Amazon in three different categories,
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  Speaker 4: and we haven't even sold the book yet, so it's actually.
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  Speaker 1: Out March fourth. The thing about here is, let me
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  Speaker 1: simplify it even more.
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  Speaker 3: Okay.
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  Speaker 1: Let's say the house that I'm in right now, I
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  Speaker 1: bought it. I put three percent down, Okay, so I
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  Speaker 1: had to work to earn that money and pay taxes.
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  Speaker 1: We'll say three percent. I took a loan for ninety
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  Speaker 1: seven percent. So let's say that's five hundred grand. Where
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  Speaker 1: did the five hundred grand come from when I took
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  Speaker 1: the loan? Where did it come from? Where did the
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  Speaker 1: money come from? Assigned a mortgage document? Five hundred grand
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  Speaker 1: just didn't exist? Now it exists. Did I have to
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  Speaker 1: pay taxes on the five hundred grand?
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  Speaker 4: No?
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  Speaker 3: Did I have to work for it? No?
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  Speaker 1: Did I have to fight inflation? No? Oh, I bought
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  Speaker 1: a home. I created five hundred grand by signing a mortgage, Jacoman,
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  Speaker 1: I didn't have to work for pay taxes. See, when
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  Speaker 1: you buy a home with debt, you are doing by borodye.
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  Speaker 1: You buy it with none of your own money, which
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  Speaker 1: never you never had to work or pay taxes on it.
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  Speaker 1: Three percent down? The ninety seven percent, just create it
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  Speaker 1: on a computer, didn't work for it, and then you
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  Speaker 1: grow it with no taxes. If you don't sell it,
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  Speaker 1: you never pay taxes. What if you grew it and
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  Speaker 1: borrowed from that home another three percent to buy another home.
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  Speaker 1: You're doing by borodye. You're doing what the wealthy people do.
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  Speaker 1: They buy assets, they never sell them. They borrow from
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  Speaker 1: one asset to buy the other asset, they never sell it.
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  Speaker 1: The rich people will take a brokerage account, find it
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  Speaker 1: up with stocks. They love their teslas and videos and
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  Speaker 1: have broad commns and whatever, and they'll fund it, and
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  Speaker 1: then they'll borrow from that to buy artwork. They'll take
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  Speaker 1: a five million dollar piece artwork, put it on their
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  Speaker 1: wall and they go, that's ridiculous, it's not really mine.
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  Speaker 1: They'll take a loan from the artwork and then go
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  Speaker 1: buy stocks with it. They'll do it with real estate.
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  Speaker 1: We do it with stocks, ETFs, life insurance, real estate,
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  Speaker 1: cryptocurrency and golden piercous metals.
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  Speaker 3: Yeah, all these markets blow up.
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  Speaker 1: Is gold going to crash?
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  Speaker 3: Yeah? Right?
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  Speaker 1: I mean if you invest in gold, that's a pretty
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  Speaker 1: non correlated asset.
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  Speaker 3: Uh.
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  Speaker 1: Bitcoin, we know the risks of that. Life insurance policies
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  Speaker 1: can never lose money. They can only go up and
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  Speaker 1: they can't go down. So that's another asset.
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  Speaker 3: Gold.
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  Speaker 1: Gold and insurance policies are different correlation, right, So again
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  Speaker 1: for your audience, correlation. You don't want everything to go
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  Speaker 1: up when the economy is good and everything to go down.
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  Speaker 1: You want some things to go up. You want some
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  Speaker 1: things to go crash. If this one crashes, you borrow
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  Speaker 1: from that one to fund that one. When that one recovers,
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  Speaker 1: you can borrow from that one to fund that one.
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  Speaker 1: And you use correlation to make money. You want some
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  Speaker 1: to crash, you want some to not crash. And as
• 8:47
  Speaker 1: long as you can borrow from one asset to the
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  Speaker 1: other asset, you can always buy low. And you know,
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  Speaker 1: buy buy low with other people's money, with money that's
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  Speaker 1: never but you never had to work or pay taxes on.
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  Speaker 1: So this is the This is the system. It sounds crazy,
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  Speaker 1: it's exactly the opposite we've been taught to do. It
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  Speaker 1: is the system that billionaires use. And this is why
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  Speaker 1: I was contacted because they said, can you write a
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  Speaker 1: book on this concept and simplify it to ordinary Americans.
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  Speaker 1: I'm like, okay, so that's all I've been doing, all right,
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  Speaker 1: so for nine months is writing and writing for about
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  Speaker 1: nine months now. And the book will be out in.
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  Speaker 4: March because that March, and we will have a link
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  Speaker 4: in the show notes to this interview.
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  Speaker 3: And hey, it sounds intriguing.
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  Speaker 4: I'm definitely going to read it and write a review
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  Speaker 4: and maybe we'll have you back on after we get
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  Speaker 4: the book. And what's the website.
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  Speaker 1: The website is the Perfect Portfolio dot com. Also the
• 9:41
  Speaker 1: YouTube channels of the Perfect Portfolio dot com and you
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  Speaker 1: can go there's a video called how Ordinary Americans can
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  Speaker 1: pay no Taxes, pay zero taxes. They can watch the video,
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  Speaker 1: they can learn all about it. We actually developed a
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  Speaker 1: fully automated video to explain this. But it's it's really simple.
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  Speaker 1: And like I said, we start people with one hundred
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  Speaker 1: dollars in a brokerage account. They get over two thousand,
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  Speaker 1: they can press the borro button, they can create money
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  Speaker 1: and uh and uh yeah. All the positions are in
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  Speaker 1: my account are on the YouTube channel. You fully disclose it.
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  Speaker 1: I can meet with anybody. I can just open up
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  Speaker 1: my accounts and show them exactly what I held.
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  Speaker 3: All right, I love it sounds really interesting.
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  Speaker 4: We'll have a link to this interview on Financial Survival
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  Speaker 4: Network dot com. Got a question for Mark myself shooting
• 10:31
  Speaker 4: me an email kyl Atcarrie Lutz dot com. We're very
• 10:35
  Speaker 4: much looking forward to the book mark and hey, we'll
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  Speaker 4: have you back on after the book is out and
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  Speaker 4: I have a chance to read it and reveal it.
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  Speaker 1: Sure, that'd be awesome. And again, if you wanted to,
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  Speaker 1: you know, you want to put one hundred bucks in,
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  Speaker 1: I could actually send you the instructions. You can even
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  Speaker 1: try it out for yourself, kick the tires and let
• 10:51
  Speaker 1: me know what you feel.
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  Speaker 3: Absolutely, you got it. That's good.
• 10:54
  Speaker 1: Great talking to you. Looking forward to meeting with you
• 10:56
  Speaker 1: again in the future.
• 10:57
  Speaker 2: Like Ques, thanks for listening to Carrie, says Financial Survival
• 11:01
  Speaker 2: Network your solution to today's trying times. For the latest,
• 11:06
  Speaker 2: go to Financial Survivalnetwork dot com. Financial Survival Network now
• 11:12
  Speaker 2: more than ever,