How to use debt and taxes to create wealth? 

In my career of over 2 decades of helping my clients grow their wealth, I have found two tools that have been very helpful in creating wealth. These two tools are debt and taxes. 

Do you know debt can be used as a leverage to create assets and build wealth over time? 

Do you know that the government encourages people to use debt to create assets and generate long term wealth by giving you opportunities to save taxes? 

But both these tools - debt and taxes are like sharp swords. Thus, they need to be handled well and you need to learn how to use them to benefit from it. 

Why do you think the government incentivises you to take debt by asking you to pay less taxes? 

One Primary Reason for this incentive is that the government is aware that entrepreneurs can help solve the bigger problems in the society and they can supplement the work that the government is doing to help...

If you are someone with a desire to leave wealth for the future generations or to create wealth by helping people, and then contribute to charity to help more people - in either case you are working today so that you can live the life you want and make a real difference in the world.

With my decades of experience in helping entrepreneurs and professionals create wealth, I have seen that once entrepreneurs understand how to run their business; and professionals become a master in their area, then they become unstoppable and they continue to grow. But, many times with a focus on business and profession, entrepreneurs and professionals do not get time to focus on financial planning and understanding how to grow their wealth by making their money work for them harder.

And often, they tell me that they do not understand financial planning well enough to make their money work harder for them!!

So I figured a small analogy that I want to share today to help you understand what financial...