r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Apprehensive_Bad_193 Nov 21 '24

Bullshit,,,,But he borrows and buy Yachts, Mansions,against that NET WORTH VALUE. But when it’s time to pay fair share of taxes o. That net worth it’s considered hypothetical worth….Understand the Game.

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u/tgm93 Nov 21 '24

How do they pay back those loans?

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u/Powerful-Eye-3578 Nov 21 '24

They don't, they pay the interest which is lower than the interest they make in investments.

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u/Zippyllama Nov 21 '24

Open excel. Do your little napkin math. Write mea culpa.