How the Elite HIDE THEIR MONEY & pass down Generational Wealth

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In this video, Caleb Guilliams from Better Wealth exposes how the wealthy elite create generational wealth and how they pass down their wealth to ensure the family wealth keeps growing generation after generation unfeathered by taxes, the government, etc. This is done through a series of complicated family trusts, life insurance policies (what Caleb calls The And Asset), private family foundations, family offices, etc.

Caleb Guilliams from Better Wealth has dedicated his life to learning how the ultra wealthy do things, and bringing down that knowledge down to everyday people like us.

Life insurance:
For the ultra wealthy, life insurance is this insanely powerful tool that they keep under wraps
"Your money safe, it will grow the rest of your life. It will grow tax deferred, you can use your money tax free, it will get passed on tax free. It has a lot of other benefits. And so what the wealthy use it is, they don't use it as a, an investment, they use it as like a safe asset. I call it The And Asset because they're able to get their dollars more than one job. And so they're able to do that while it's protected, while, while it's off the radar screen of, of the IRS because it's not considered income. And that's, that's how a lot of wealthy people use it. And then step number three is usually what they, to, to take the money or to utilize the money."
"You're not withdrawing your money. What a, what a lot of people do cuz that would be in a lot of cases taxable upon gain. They're borrowing against it or using a third party bank to borrow against their assets. And as a result, if you borrow against it, it's not considered income. So a lot of wealthy people like Elon Musk and all these people, they're, they're borrowing against the equity in their businesses insurance. And when you max fund insurance, that's why a bunch of banks do this. Over 3000 banks today have what's called bank own life insurance."
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[jaketran]

Thanks to BetterWealth for being the paid sponsor of this video!

[Englandman]

There's a book called money's hidden tricks, and it talks about how using some secret tehniques you can attract a lot of money, it's not some bullshit law of attraction, it's the real deal

[betterchapter]

The avoidance of taxes is the only intellectual pursuit that still carries any reward.

[ja]

Very useful information for when I become a billionaire.

[AwokenEntertainment]

to me it's crazy that you can't just give your family to your money in a normal way.. government always gotta get their cut... even within the family

[MalindaDeleon]

With the current global economic crisis, it is important for individuals to concentrate on investing in different sources of income that do not rely on the government. During this time, investing in equities, gold, silver, and digital currencies can still be profitable. As such, it is important to look into different investing options in order to ensure one's financial future.

[BetterWealth]

Thanks so much Jake for having me on your video! It was a pleasure speaking with you about this.

[CrapsStrategyz]

"THE KEY IS CONTROL NOT OWNERSHIP!"

[alexlandsverk]

Control of your money while it grows, with no requirement to pay back the loan. I love this concept!

[rd_EYE_MegaMind]

_"You will own nothing and be happy."_
Now where did I hear that before..?

[johnben]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market

[Riggsnic_co]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

[jakerandallsportfolio]

This is sooo good. Caleb is a machine. He is dangerously smart.

[rbjgbji]

Your explanation is realistic and straight to the point. l watch several video's on how to trade in the market but haven't made any headstart because they are either taIking some gibberish or sharing their story of how they made it. And l don't want to make mistakes by taking risks on my own

[denziljacobs]

The sad thing is this STILL isnt for the masses. You need a lot of money to make even more money. This is valuable knowledge and I am happy to have learnt it and it needs to be taught enough times to make it accessible to all

[Morcap]

What matters in a Debt based economy - the entire World is based on that - is not the purchasing power or money in the bank but the Borrowing Power. You must be able to borrow more and more and more and defer paying taxes indefinitely using real estate, insurance, trust, etc. Without borrowing you can't build wealth. Simple as that. That is why the Credit Score defines one's worth. Guard it (credit score) at all cost.

[Mikeemike]

I didn't hear the most important thing mentioned. You can not borrow against a term policy. It has to be a whole life policy. There is no cash value in a term 10, 20 or 30 year policy. If it was mentioned then I apologize. This is a very important piece of info. Most common folk can not afford a whole life policy and therefore can not borrow against the most common term life insurance.

[MultifamilyNinja]

One of the best videos that shares these concepts in one go! Rich with info yet easy to understand. Thanks guys!

[ultraali]

I have to say that I'm impressed by how these wealthy families are able to unite, organize and trust each other so much. There is a lot of compromise that goes into managing all this stuff for family. A lot of disagreements and quirks that need to be dealt with to have something like this function correctly.

[Jj_]

You are in the top tier of YouTubers. Everything you do really opens up my eye and helps me learn about the world. I hope more people find out about you