Today, Tom discusses the 'Buy, Borrow, and Die' strategy, a wealth-building approach that emphasizes the importance of acquiring assets, borrowing against them, and utilizing tax laws to pass wealth efficiently to the next generation. He highlights the benefits and risks associated with this strategy, including the significance of the stepped-up basis and the need for careful estate planning. Tom encourages listeners to integrate these strategies into a cohesive financial plan and to start small with practical steps. Tune in to find out more about this strategy!

Highlights 02:54 - Importance of asset ownership. 05:23 - Borrowing against appreciating assets. 06:26 - Stepped-up basis explained. 09:32 - Risks of over-leveraging. 11:45 - Importance of estate planning. 12:57 - Start with basic asset-backed loans. 13:56 - Need for a cohesive financial strategy. 15:05 - Long-term legacy and business continuity.

Episode Resources

• Connect with Tom Suvansri
• https://perennialpride.com/
• https://www.facebook.com/perennialpride/
• https://twitter.com/perennialpride
• https://www.youtube.com/channel/UC6N7YVoDx7BSRdiYRRb1BiA

Call to Action Schedule a Call with Tom

How to Listen: Subscribe on Youtube Listen on Spotify