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Maximizing Wealth Growth Through Strategic Stock Investing and Tax Management
One effective wealth-building strategy is to invest in stocks that grow in value over time without selling them, thereby deferring taxes. By investing in stocks like Amazon and leveraging them for borrowing instead of selling, individuals can avoid capital gains tax and even write off the interest on borrowed money. Ultimately, understanding tax policies and utilizing strategies like this can have a significant positive impact on one's financial well-being.