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MI256: How to Become Your Own Bank w/ Jerry Fetta

The Intrinsic Value Podcast - The Investor’s Podcast Network

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Using the Sacred Account to Build Wealth

In the US, there's a tax code that allows you to purchase a vehicle for business purposes. I bought an Audi Yitron and took a policy loan borrowed against it. We used that strategy and then you get the tax deduction as well. The value went up because there's a shortage on cars. And so that's something where the car is there as a paid off asset at the end.

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