1d • Gems 💎
Buy borrow die method
The Buy, Borrow, Die strategy is a tax-planning approach used by some very wealthy individuals.
- You receive a $30,000 business credit card with 0% APR for 12 months.
- You spend $20,000 on inventory.
- You sell the inventory for $35,000.
- You repay the $20,000 before the promotional period ends.
- The remaining profit can be reinvested to grow the business. Or switch to such as business lines of credit or equipment loans
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Buy borrow die method
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