2min chapter

My First Million cover image

#125 - What is the Buy, Borrow, Die Process?

My First Million

CHAPTER

Borrow Against Your Own Assets

A professor at the University of Southern California named Ed McCaffrey, not the great football player for the Broncos, but that's his name. So what he says is, if you have the assets and so for a lot of people it could be your house,. It could be your stock position, it could beyour position in gold and or say your business, right? What you could do is buy those assets or have those assets. And then over time, the value of that asset also goes up, typically like with inflation, like two and a half, 3%.So you borrowed against that asset and then let's say the borrowed money is tax free. Right, because it's not

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