That's how i get rich quicker. And what else do you have from real estate that you do not have for mutual funds?

Tasif losses and cash flow and cash floe? And the reason i i don't have to work is because one of my pipe lines is my real estate investment corporation, which is in a ca. Corporation. All the property is held in limited partnerships. Now you dont understand that, don't worry, cause tha wher. You hire a smart person to tell you how to do this. I have all this income coming in. On top of that, it's lot of its tax free because i'm depreciating my profet. The government says. The reason, i notice, why the rich do this way, ecause the government is rewarding you for going this way. It punishes you for going stocks in mutual funds, and it rewards you for going to real estate and to owning your own businesses. Look, why the rich go that way? Cause a government wants you to go that way. Is that true?

It's actually amazing when you think about it. With a mutual fund held the traditional way, you have a paper asset that you have no control, subject to market forces exactly, that are totally out of your control. A that you have to pay tax, that you might not have any cash o as opposed to a business which, because you designed the pipe line, you have a lot of control. You have managed the risk by having good measures, with good insurance in place, and took good tax planning in place. Again, your controlling the pipe line, which

could include real estate or your businesses. And what a and i ware just working on this. I don't have one corporation. I have multiple corporate and do it legaly, as me knows, a way of doing it, which you hire good advice for what she's talking about. If i make too much money in one corporation, i just don't pay the taxes the way the inan employee, the government takes it before you get it, and self employ government takes it before you get it. Also, i can move my income one corporation to the other and off set it against paper losses. There's real losses and there's paper losses. And real estate allows you to take paper losses. The stock market, when people say it took a loss, that's real loss. And mean money actually came out of your pocket. With real estate, i can take a paper loss, which no money came in my in fact, money actually came into my pocket, and they give me a tax break upon it also. Is that correct? That's

true. And as you're talking about all this, i'm sure we've got people listening that then want to run and ask somebody about it, and they're going to hear, oh, you can't do that. It's illegal. And

that's where the advises come in, right? Jim,

absolutely. It