The Buy Borrow Die Strategy Without Millions: How to Join the Top 3% Who Create Wealth Out of Thin Air – Tax-Free and 100% Legal Paperback – March 22, 2025

good read

An in-depth and practical guidebook that's attainable in that you don't need a ton of money to begin. There are great money-making and saving techniques in this book, such as real estate investment, tax strategies, accumulating assets, life insurance, and more. You will learn how the wealthy views money in a motivational and strategic way without worrying about debt and other preventable matters.

Primarily used by the wealthy. Good strategy if you can follow it. Effective tax elimination. And being to pass on at death.

I'm pretty well informed as I've read ~8 financial books and spent hundreds of hours online researching in the last 6-months as my husband nears retirement. Still, I found about half of the ideas in this book new. A few trusts that I hadn't yet heard of, but lots of minor details in areas that I was familiar with.Before this personal research into finance, we've had an Edward Jones advisor for 10 years and have dealt with stock frequently as half of my husband's compensation is in company stock. If neither of those things had been true, I would think the majority of this book would have been new ideas to me.Of all the ideas in this book, only one rubbed me the wrong way of being inaccurate due to over-simplification. But if you are knowledgeable enough to understand this book, you'll be able to read between the lines.I felt the section on life insurance policies could have been more complete. For one, he didn't talk about the difference between whole life versus universal life. I recently sat down and ran all the calculations on ours and I was about to pull the plug due to incredibly low return rates on top of a high amount of fees. Apparently they only give you conservative options, but after my Edward Jones talked to them they are opening it up since we've contributed for 7 years now. I think it'd likely have stayed conservative (more than half the S&P500 return) had I not reached out. The last 7 years cost us ~80% in total opportunity cost, but it's a sunken. We are now at a yearly break even point as to the fees as a % of the policy value compared to lost opportunity with realized gains, so we will continue if the investments get fixed. But I wish I knew all of this when we let our advisor talk us into it. I'm also not 100% on how the lending works. There's an interest rate in the contract, but our advisor says it's credited back, but the only mention I could find in the contract was that the lender 'may give a persistence credit'. And, the contract makes it sound like the money is removed from the market during the loan (but I'm not 100% sure). If that's the case, an SBLOC would likely come out ahead in an up market. It's possible they're all different, but it would be good to hint at these gotchas that people should evaluate before going along with a sales pitch from your financial planner.I was also surprised to not see any charts. He frequently repeats the benefits of compounded interest, but it would have been more impactful from a chart. I also felt like it needed a chart comparing the libor rate versus different asset classes (stock market, real estate market, etc...) as that would have driven things home much better. Other charts would have been nice to have.Lastly, the book was very repetitive. There was one entire chapter that I felt introduced ~4 new concepts that would have taken ~3 paragraphs to include in the relevant section 2 pages back in the last chapter. I had to constantly remind myself to not skim in case there was something new to learn. The book could have easily been half the size, although the author perhaps felt no one would take that seriously. But padded with useful charts, this book would be 5-stars and I would be recommending it to everyone I know.I only found 3 books on Amazon regarding this technique. The first had no reviews and by the time I logged in to leave a scathing review, it looks like someone beat me as it was removed from the marketplace. Do not buy anything from Leroy Harvey if he posts it again. The 3rd book will be here in a week, but I can't imagine there will that much new information for me to gleam as Nathan Parker did a pretty thorough job.

Very interesting book about making wealth and getting in the top 3%. Haven't tried it out yet, but the information is handy.

To start our, I have no previous knowledge when it comes to building my wealth. Most of my knowledge now is from this book, so I am not sure if this actually helps in the real world yet.. I learned a lot from this book, didn't think I would like it or understand most of it. I love how this book is written in a way that people of average class can understand and use. This book really helps to learn how to pass down assets through generations to keep the wealth without needing millions to start. Which we really need nowadays.I had no idea how to strategize my finances but, I understand more than I did before due to reading this book. Knowing that I can now use the assets I currently have, and grow it and pass it down is detailed enough for most people to understand. And the way the Buy, Borrow, Die strategy is broken down, almost anyone can understand the process.This may not be something I would normally read, by I am glad I decided to... learned a lot and I'm sure you will too.

This book isn't just another get-rich-quick scheme; it's a refreshingly clear and insightful guide to building sustainable wealth through strategic tax planning and asset management. The authors have managed to demystify complex financial concepts, making them accessible to readers at various stages of their financial journey.What truly sets this book apart is its emphasis on leveraging debt responsibly and understanding the tax implications of every financial decision. It doesn't shy away from the intricacies of tax law, but instead, breaks down crucial strategies into actionable steps. The "buy, borrow, die" concept, while seemingly provocative, is explained with nuance, highlighting the potential benefits of using debt to acquire appreciating assets and minimizing tax burdens over a lifetime.The book excels in providing practical examples and real-world scenarios, which help solidify the concepts and illustrate how they can be applied in different situations. It encourages a long-term perspective, emphasizing the importance of building a solid financial foundation rather than chasing fleeting gains.The writing style is engaging and straightforward, avoiding jargon and technical terms whenever possible. The authors' expertise shines through, but they maintain a relatable tone that makes the material approachable. Whether you're a seasoned investor or just starting to build your wealth, this book offers valuable insights and a roadmap for achieving financial independence. It empowers readers to take control of their finances and make informed decisions that can lead to significant long-term wealth creation. It's a must-read for anyone serious about understanding and optimizing their financial future.