Learn why a Roth IRA has too many limitations when compared to a regualar brokerage account where you can use OPM! My #1 rule in my investing is stated in page 3 of my 3rd book:" If I can't use OPM, it is not a good investment. PERIOD. No exceptions."
I dont recommend any retirement accounts simply because they dont actually "retire" anyone. They should call them "never reitre accounts." See the chapter below comparing a Roth IRA to an IRA. Numbers dont lie.
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The billionaires use the "Buy Borrow Tax" strategy for one reason: They can use OPM by taking tax-free loans secured by thier stocks and ETFs.
- They dont pay taxes on the growth.
- They reitre tax-free.
- And they die with no taxes.
And by borrowing from brokerage accounts (and insurance) they focus on using OPM again, to buy real estate...
Robert Kiyosaki and all the wealthiest poeple in the world undertsand how wealth is build by using debt, as debt is tax-free, and working hard is highly taxed.
Remember, "good debt" puts money in your pocket.
"Bad debt" takes money out of your pocket.
Once you learn how to use good debt, you can learn to build wealth...And remmeber, the number 1 killer of wealth is taxes.
