Jesse Isinger

So instead what you're doing is you're getting money through gains on your assets.

And so what Bezos, it's very easy to think about what Bezos is doing, which is that most of his wealth is tied up in Amazon stock. And so Amazon stock goes up several billion dollars a year, typically, or has for a long time. And then if Bezos needed cash... he could sell some of that stock, and then he would get cash.

And so what Bezos, it's very easy to think about what Bezos is doing, which is that most of his wealth is tied up in Amazon stock. And so Amazon stock goes up several billion dollars a year, typically, or has for a long time. And then if Bezos needed cash... he could sell some of that stock, and then he would get cash.

And so what Bezos, it's very easy to think about what Bezos is doing, which is that most of his wealth is tied up in Amazon stock. And so Amazon stock goes up several billion dollars a year, typically, or has for a long time. And then if Bezos needed cash... he could sell some of that stock, and then he would get cash.

And then if he sold that stock, then he would have to pay taxes on it. You're not paying 37%. You're only paying 20% on that because that's what capital gains tax is. But why pay 20%? So what you want to do instead is borrow against that money.

And then if he sold that stock, then he would have to pay taxes on it. You're not paying 37%. You're only paying 20% on that because that's what capital gains tax is. But why pay 20%? So what you want to do instead is borrow against that money.

And then if he sold that stock, then he would have to pay taxes on it. You're not paying 37%. You're only paying 20% on that because that's what capital gains tax is. But why pay 20%? So what you want to do instead is borrow against that money.

Yeah, so I don't actually know if Bezos specifically does this, but Larry Ellison, we know, does this. He's the billionaire from Oracle, one of the richest people in the world, and a guy named Elon Musk. We've talked about him on this very podcast. He's literally borrowed against his stock to the tune of tens of,

Yeah, so I don't actually know if Bezos specifically does this, but Larry Ellison, we know, does this. He's the billionaire from Oracle, one of the richest people in the world, and a guy named Elon Musk. We've talked about him on this very podcast. He's literally borrowed against his stock to the tune of tens of,

Yeah, so I don't actually know if Bezos specifically does this, but Larry Ellison, we know, does this. He's the billionaire from Oracle, one of the richest people in the world, and a guy named Elon Musk. We've talked about him on this very podcast. He's literally borrowed against his stock to the tune of tens of,

Yeah, exactly.

Yeah, exactly.

Yeah, exactly.

You don't get taxed on borrowings.

You don't get taxed on borrowings.

You don't get taxed on borrowings.

Yeah, Larry Elson bought a Hawaiian island. But then what do you do? You have to pay loans back.

Yeah, Larry Elson bought a Hawaiian island. But then what do you do? You have to pay loans back.

Yeah, Larry Elson bought a Hawaiian island. But then what do you do? You have to pay loans back.

No. Wrong. Why? You're so naive. I am. Yeah.