{"id":6843,"date":"2020-03-13T12:11:31","date_gmt":"2020-03-13T16:11:31","guid":{"rendered":"http:\/\/privacyfight.io\/?page_id=6843"},"modified":"2023-06-22T21:03:31","modified_gmt":"2023-06-23T01:03:31","slug":"8-the-post-windfall-plan","status":"publish","type":"post","link":"https:\/\/privacyfight.io\/8-the-post-windfall-plan\/","title":{"rendered":"P14 &#8211; The Post Windfall Plan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"6843\" class=\"elementor elementor-6843\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-49fbbab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49fbbab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c30fa5a\" data-id=\"c30fa5a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2fd9d94 elementor-widget elementor-widget-text-editor\" data-id=\"2fd9d94\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"vidseo_wrapper\" style=\"width: 100%;\">\r\n\r\n    \r\n    \r\n        <div class=\"vidseo_vimeo\">\r\n\r\n            <iframe title=\"vimeo-player\" src=\"https:\/\/player.vimeo.com\/video\/733232774\/?\" width=\"100%\" frameborder=\"0\" allowfullscreen><\/iframe>\r\n\r\n        <\/div>\r\n\r\n    \r\n    \r\n    <div class=\"vidseo_collapse\" style=\"\">\r\n        <div class=\"vidseo_btn\" style=\"\">\r\n            P14 \u2013 Transcript &#8211; The Post Windfall Plan\r\n0:00\r\nAll right. So, like I was just saying, then you have a big tax for imputed income.\r\n0:04\r\nRight, So, that\u2019s probably the last thing you want is to have the IRS figure out that You took out a loan and then didn\u2019t pay.\r\n0:13\r\nDidn\u2019t make your pa&#8230;        <\/div>\r\n        <div class=\"vidseo_collapse_content\" style=\"\">\r\n            <p>P14 \u2013 Transcript &#8211; The Post Windfall Plan<br \/>\n0:00<br \/>\nAll right. So, like I was just saying, then you have a big tax for imputed income.<br \/>\n0:04<br \/>\nRight, So, that\u2019s probably the last thing you want is to have the IRS figure out that You took out a loan and then didn\u2019t pay.<br \/>\n0:13<br \/>\nDidn\u2019t make your payments and it\u2019s going to classify that loan as a huge tax. You\u2019re gonna have all kinds of penalties. So, definitely, you don\u2019t want to do that especially at an audit.<br \/>\n0:24<br \/>\nBut again, there\u2019s no reason to be scared!<br \/>\n0:26<br \/>\nJust be pragmatic, OK. Just follow the rules is pretty simple. So you can borrow cash from your LLC to pass a mortgage. It\u2019s a personal debt, so it\u2019s going to be income.<br \/>\n0:34<br \/>\nBut so if you\u2019re, you want to, you want to do it in a way that\u2019s going to be considered a refinance, so you\u2019re really borrowing money to pay off alone.<br \/>\n0:42<br \/>\nYou\u2019re not just paying off the loan, so you get the final payout statement from your lender, and then within a reasonable time, or the time they give you on the notice, you remit the funds to paid off.<br \/>\n0:53<br \/>\nAnd then within, I would say, within 30 days, record another mortgage and I\u2019m gonna get into that on how to do that. It\u2019s actually quite simple, The mortgage could be unrecorded, there may be some reasons why you want to do that. I\u2019m not gonna go into that too much.<br \/>\n1:05<br \/>\nLet\u2019s just say you\u2019re gonna do a standard transaction where you\u2019re gonna refinance your mortgage with your own money.<br \/>\n1:11<br \/>\nreally.<br \/>\n1:12<br \/>\nIt\u2019s the LLC\u2019s money so you\u2019re gonna pay off the mortgage with an LLC money. The LLC will become your new lender.<br \/>\n1:19<br \/>\nThis is not a third party, this is just a document you\u2019re creating using cash that was earned by your LLC, OK, so here\u2019s what you do.<br \/>\n1:28<br \/>\nYou need a mortgage form You need a way to record the instrument unless you want to work with an attorney or somebody that already has these things or you know an agent or somebody that wants to do this. It\u2019s pretty easy to get your mortgage forms. You can get a standard government approved form at Freddie Mac.<br \/>\n1:42<br \/>\nSo you can go, I\u2019m gonna give you the entire URL here.<br \/>\n1:45<br \/>\nYou can go to freddie, mac dot com slash uniform slash U N I F Security dot HTML I don\u2019t think it\u2019s necessary to go type in all that. Just search on Freddie, Mac, mortgage instruments.<br \/>\n2:03<br \/>\nAlright, and you\u2019re gonna find, for every state, just pick your mortgage, o\u2019kane, all these documents can be edited.<br \/>\n2:08<br \/>\nYou have to save them on into a file, on your computer, and then you can open the file again, and then you\u2019ll be able to edit the document.<br \/>\n2:15<br \/>\nSo the way you edit it is you wouldn\u2019t want to add in.<br \/>\n2:20<br \/>\nWell, you got the mortgage and you also need a note. So from this same website, you get a note to you do need a promissory note.<br \/>\n2:25<br \/>\nThe Promissory Note is not going to be recorded, just the mortgage, or the trustee, or whatever state you\u2019re in.<br \/>\n2:30<br \/>\nOn the note, you\u2019re going to actually have the payment amounts per month.<br \/>\n2:33<br \/>\nSo, maybe it\u2019s going to be a 20 or 30 year mortgage, it could be a two year mortgage. It could be whatever you want.<br \/>\n2:39<br \/>\n30 year mortgage gives you the lowest payments. Obviously, you want to go and only put the Lean for the value that you\u2019re putting the Lean for. You don\u2019t want to put it for more than the value your payments would be calculated using the amortization calculator. You would find on the Internet, there are many of those, maybe you already know how to do it on your calculator, you can figure that out.<br \/>\n2:59<br \/>\nAll right, so when you\u2019re gonna buy the house or buy anything, property asset reliability, OK, a house is a liability because you\u2019re gonna live there.<br \/>\n3:10<br \/>\nSo whenever you\u2019re gonna buy something like that on a loan, you want to put the property title in your name, then the lender your company is going to be the lienholder.<br \/>\n3:21<br \/>\nSo put the title of the house that you\u2019re buying with the LLC as your lender with the LLC\u2019s money, the crypto money, The Windfall you got.<br \/>\n3:30<br \/>\nPut that house in your name.<br \/>\n3:32<br \/>\nLikewise you would do the same for car. We\u2019ll get. We\u2019ll get into that in just a second.<br \/>\n3:35<br \/>\nSo the way, the way you buy a house with cash, you could also do it like this. You could, well, I\u2019m gonna go through this step by step.<br \/>\n3:43<br \/>\nSo you want to isolate your crypto holdings in a wallet. So pick a paper wallet or treasure.<br \/>\n3:51<br \/>\nYou. You make an offer assuming you\u2019ve already made an offer really to to buy some property, let\u2019s say buy a house to live in.<br \/>\n3:58<br \/>\nYou\u2019ve already made the offer the seller has accepted your offer.<br \/>\n4:01<br \/>\nYou just offer the dollars you\u2019re not trying to talk about.<br \/>\n4:04<br \/>\nCryptographic currency. He doesn\u2019t care about that.<br \/>\n4:07<br \/>\nSo you made the offer, it\u2019s been accepted.<br \/>\n4:09<br \/>\nYou ever written agreement, isolate the crypto value that you want to spend so you can isolate the kryptos dollars, or you can do it in the wallet. You can do it in a bitcoin wallet, or litecoin wallet, whatever you want to do.<br \/>\n4:22<br \/>\nThat\u2019s when you go into opening a qualified escrow account so you go to qualified escrow, you can have your agent already chosen.<br \/>\n4:30<br \/>\nYou can use bit pay, well you\u2019ll see a couple of listed here with this video and then you go to qualified escrow.<br \/>\n4:37<br \/>\nCan you explain to the escrow agent that the owner of the or the buyer, OK the buyer is the one with the: the cryptographic currency wallet, the buyers\u2019, the one, spending the money for the house, for the property, OK?<br \/>\n4:52<br \/>\nAnd you tell the agent who that is, it\u2019s going to be your company name, your LLC\u2019s name.<br \/>\n4:58<br \/>\nAnd it\u2019s gonna you\u2019re gonna give its EIN and you\u2019re gonna give it to address. You\u2019re gonna give that to the escrow agent. You\u2019re not buying the house. Your company is buying the house in that, in that sense.<br \/>\n5:06<br \/>\nSo, that\u2019s, that\u2019s how you would do it.<br \/>\n5:08<br \/>\nIf you\u2019re just using kryptos or cash to just simply buy the house and have no mortgage on it, you can go from your crypto account that where the LLC holds the money.<br \/>\n5:18<br \/>\nYou can, you can put it in dollars, and then spend it to the new owner. The new owner cannot be yourself, because if it\u2019s in your name, then it\u2019s your money.<br \/>\n5:27<br \/>\nIf the House is titled an LLC, then it\u2019s just another company, so this is how you would do it.<br \/>\n5:33<br \/>\nIf you\u2019re just going to title the house, in another company, you would just use your crypto account in an isolated wallet or you would use cash from your LLC account, or the exchange.<br \/>\n5:44<br \/>\nYou can then just transfer the funds over according to however the escrow agent wants you to do it. And you would use again, standard contracts, you\u2019re closing, you\u2019re just going to help you with that a little bit.<br \/>\n5:52<br \/>\nA real estate agent is going to help you with that a little bit, and then, of course, title of an LLC.<br \/>\n5:58<br \/>\nBut if you\u2019re going to do the loan, it\u2019s pretty simple.<br \/>\n6:00<br \/>\nYou can just simply, uh, transfer the funds.<br \/>\n6:05<br \/>\nWell, you transfer the funds, you isolate your kryptos, or you put them in dollars. How are you going to do it?<br \/>\n6:09<br \/>\nWhen you do the closing, you can put the property in your name, because you can use alone now to buy the property.<br \/>\n6:14<br \/>\nSo, you put the property in your name, and then you transfer the funds and be sure that you name that company that\u2019s lending the money, it\u2019s going to be your LLC.<br \/>\n6:22<br \/>\nMake sure that that is identified on the all the paperwork to show that it\u2019s, it\u2019s the lender, same thing with buying a car.<br \/>\n6:29<br \/>\nSo, I\u2019m not going to use an escrow agent to buy a car, I\u2019m just gonna go, I\u2019m gonna get some dollars set aside from my my crypto account.<br \/>\n6:37<br \/>\nAnd this is simple version, just get some dollars set aside, then go make your deal. Get a written contract, find out what your bottom dollar prices, OK?<br \/>\n6:46<br \/>\nYou\u2019re drive off prices and then explain to the to the dealer that you already have a lender.<br \/>\n6:52<br \/>\nThe lender is the company that you\u2019ve chosen. It can be any company, really.<br \/>\n6:55<br \/>\nI would suggest on a car or a house. I would set up a different company if you want the company to be the owner.<br \/>\n7:02<br \/>\nAnd if you want the company to be the lender, I think that\u2019s a better way to go. You could use one LLC, the same when you\u2019re using it, your crypto account.<br \/>\n7:11<br \/>\nI think it\u2019s a better practice to separate it out. It\u2019s so simple just to register another one.<br \/>\n7:17<br \/>\nEspecially for a large ticket item.<br \/>\n7:18<br \/>\nSo you get the price, you go to the bank account, So you\u2019ve already gotten review, soldier, kryptos, let\u2019s say.<br \/>\n7:26<br \/>\nAnd you got cash and you move the cash to an account where you can go to the bank and ask for a certified check wherever, whatever bank that\u2019s going to be, wherever the cash is going to be. So it\u2019s your LLC account we\u2019re talking about. So, you\u2019ve already got your final price from the dealer.<br \/>\n7:39<br \/>\nYou go to that bank where the cash is.<br \/>\n7:41<br \/>\nYou get certified funds from the company, OK, this company is going to become the lender on the paperwork that the dealer is going to create.<br \/>\n7:50<br \/>\nSo you give the dealer the name of the vendor, which is your LLC, you give its address and its EIN.<br \/>\n7:56<br \/>\nThat dealer is going to send a certificate of title to that LLC.<br \/>\n7:59<br \/>\nIt doesn\u2019t even matter if it\u2019s your home address. That\u2019s all you want to do, is just give them that information.<br \/>\n8:04<br \/>\nHe\u2019s going to write up all the documents, is going to send a certificate of title, like he\u2019s supposed to you, drive up with the car.<br \/>\n8:10<br \/>\nNow, there\u2019s a, there\u2019s a little, other thing I want to add here.<br \/>\n8:14<br \/>\nIf you\u2019re a kind of person that likes to get certain kinds of deals, just know that when you buy a car on credit, typically the dealership is not actually selling you the car, It\u2019s actually selling the paper, the loan on the car, and it\u2019s doing that at a discount. So, in some cases, probably a pretty steep discount depends on the volume that deals in.<br \/>\n8:33<br \/>\nSo, if you understand that, maybe you might want to consider that your LLC lender, it\u2019s not gonna buy the car, per se, but it\u2019s gonna buy the paper from the dealer, and in that case, maybe the dealer will sell the paper for a better discount, or a discount just some kind of discount. Now, it\u2019s not going to be 25%. Maybe it\u2019s gonna be 3% or 5%, I don\u2019t know, That\u2019s just an idea if you want to think about it.<br \/>\n8:58<br \/>\nYou can use your loan money to either buy the car and then take the title in your name, or you can use the loan money to buy the loan from the dealership at a discount, and put the title of the car in your name.<br \/>\n9:13<br \/>\nNow, of course, you can buy the car and put it in the name of the LLC. I don\u2019t recommend that unless you\u2019re really going to use it for the purposes of for which the LLC is formed.<br \/>\n9:22<br \/>\nMost of us are not doing that.<br \/>\n9:24<br \/>\nI just think it\u2019s a better practice to keep it consistent.<br \/>\n9:27<br \/>\nI don\u2019t know that you can explain how the car\u2019s titled in an LLC, when there\u2019s no real business purpose for it and you\u2019re driving it personally.<br \/>\n9:33<br \/>\nSo I mean, you could, but sometimes I do it as a holding company, or I do it because I carry my own car insurance. So there is a reason that way, but for most of us, we\u2019re not going to be doing things like that.<br \/>\n9:45<br \/>\nSo same thing for buying an asset. Now, an asset is not your house. An asset could be then house next door yours.<br \/>\n9:53<br \/>\nIf you\u2019re leasing it to your neighbor, it could be a laundromat, an asset could be some stock and a company, an asset typically is going to be something that\u2019s going to pay you on a regular basis.<br \/>\n10:04<br \/>\nSo, you can buy an asset.<br \/>\n10:07<br \/>\nAlmost pretty much the same way you would buy a house, you would want to go through almost always a broker to buy another asset if it\u2019s especially if it\u2019s a business, you want to find a business broker.<br \/>\n10:19<br \/>\nAnd you definitely want to use escrow for the same reasons you would use escrow to buy a house that you\u2019re going to live in.<br \/>\n10:25<br \/>\nAlright, so, I know we can get into more detail, and I will, I\u2019m sure, create some more content, some more videos going into more specific transactions, but I think this covers most of what many of you want to know.<br \/>\n10:38<br \/>\nSo, I just showed you where to get your loan documents.<br \/>\n10:41<br \/>\nA Promissory Note, I think you can find those at the same website.<br \/>\n10:44<br \/>\nI think you can also look on that was Freddie Mac. You can also look at Fannie Mae and I think Fannie Mae is the other one where you can find mortgage documents and promissory notes. Promissory notes are pretty easy to find their generic. I mean, you can get it for free if you have to combine for 10 bucks.<br \/>\n11:00<br \/>\nYou know, on the internet legalzoom probably hasn\u2019t probably your office supply store has them. It\u2019s pretty easy to find those things.<br \/>\n11:06<br \/>\nAlright, so then there\u2019s another thing that I get asked frequently, moving on to the next subject here, This is, um, what people would call gifting. All right.<br \/>\n11:14<br \/>\nGifting, many of you want to do you want to, you know, make a lot of money and then be generous and give some money. So, there\u2019s a couple of issues here. one is, how do you do it with the least tax consequence?<br \/>\n11:24<br \/>\nThere are some statutory tax provisions you want to look at.<br \/>\n11:27<br \/>\nLike how much can you give somebody or anybody in total for a lifetime and how much can you do it per transaction? There\u2019s some limits on that so you can look that up for yourself.<br \/>\n11:36<br \/>\nAn accountant can tell you what the gifting rules are.<br \/>\n11:39<br \/>\nThere is a way to do gifting without being considered a gift by IRS standards.<br \/>\n11:47<br \/>\nThere\u2019s a really good one, though. I like this one. Even though it\u2019s all statutory.<br \/>\n11:50<br \/>\nIt\u2019s all No under the IRS provisions.<br \/>\n11:54<br \/>\nIt\u2019s still, I think it\u2019s pretty solid.<br \/>\n11:55<br \/>\nIf you want to do this, there\u2019s a vehicle you can use for gifting a monist called.<br \/>\n12:01<br \/>\nThe grantor, retained, annuity trust.<br \/>\n12:05<br \/>\nIt\u2019s a G R a T.<br \/>\n12:06<br \/>\nIs the abbreviation, OK?<br \/>\n12:08<br \/>\nI don\u2019t do those.<br \/>\n12:09<br \/>\nYou need an accountant who specializes in doing those. Don\u2019t just pick anybody.<br \/>\n12:14<br \/>\nWhat you\u2019re going to end up with is an S corp. It\u2019s going to file a tax return.<br \/>\n12:18<br \/>\nSo, you\u2019ll want to have to move the money over there first to fund your company, your S corp, before you do this and it\u2019s going to have an annuity with it. It\u2019s an annuity contract. Alright.<br \/>\n12:29<br \/>\nSo, it\u2019s a little complex. You need some help with it.<br \/>\n12:31<br \/>\nIt\u2019s not something that I would recommend that you get some forms and fill them out yourself, Get someone to advise you properly.<br \/>\n12:37<br \/>\nKnow the rules, OK, it is IRS, it\u2019s all regulated by the IRS. So a grantor, retained annuity trust is really a nice way to go.<br \/>\n12:45<br \/>\nBut keep this in mind before we go to these other methods are pretty simple.<br \/>\n12:48<br \/>\nKeep this in mind. Be careful about how you just give money away. It\u2019s not always a good thing. Yeah. It\u2019s nice to be a be able to pay off some bills and things. But I\u2019ve seen a lot of problems result from just giving people money, especially people that don\u2019t have any money or have never had a windfall just giving them money might be the coolest thing you\u2019ve ever done to them.<br \/>\n13:08<br \/>\nIn fact, I\u2019ve seen, a lot of times, we\u2019re giving people money. It turns them into an enemy and I don\u2019t care who they were before. They could have been a family member or a spouse.<br \/>\n13:15<br \/>\nIt\u2019s really crazy how things happen.<br \/>\n13:17<br \/>\nSo, just, just be aware that there, there are ways to give money.<br \/>\n13:23<br \/>\nAnd that\u2019s why we even have college courses.<br \/>\n13:25<br \/>\nFor philanthropic studies.<br \/>\n13:27<br \/>\nThere\u2019s actually, there are actually methods of giving money away.<br \/>\n13:31<br \/>\nThere, there are methods of giving money away, make a note to myself here.<br \/>\n13:37<br \/>\nThere\u2019s their methods of giving money away to institutions that would actually make you money, They\u2019re called endowments.<br \/>\n13:43<br \/>\nSo if you want to give some money away for some reason, and you don\u2019t have anybody like friends, or you\u2019ve given enough money to your friends and family.<br \/>\n13:50<br \/>\nLook at possibly giving some money toward an endowment, but do some research on the endowment, find out what it\u2019s all about.<br \/>\n13:58<br \/>\nAnd then if you choose an endowment fund, find out who else is involved with that endowment fund because you may not want to give money to an endowment that\u2019s connected in with the JP Morgan or the Rockefellers or something like that. OK, so just keep that in mind.<br \/>\n14:14<br \/>\nHere\u2019s another way.<br \/>\n14:15<br \/>\nInstead of taking dollars and giving it to somebody, why not just give someone access to a paper wallet?<br \/>\n14:20<br \/>\nIt\u2019s so easy, because no one ever knows.<br \/>\n14:24<br \/>\nIt was never titled anywhere, right? You just hand it to somebody, and whatever he wants to do with it, it\u2019s on him. Maybe you might have to show him how to use it.<br \/>\n14:30<br \/>\nYou can also fund a company. You can register a company, open a bank account.<br \/>\n14:34<br \/>\nYeah, you\u2019ll be the signer, the person you\u2019re gonna give them money to you can actually put the money in the company.<br \/>\n14:39<br \/>\nSo now you\u2019ve done the same thing like you did previously, OK? You\u2019re not creating a tax situation.<br \/>\n14:43<br \/>\nThen that person has to do his own tax advisement, whatever he needs to do.<br \/>\n14:47<br \/>\nSo funding a company is one way to do it, so it\u2019s not really You\u2019re not really giving money away in the under the criteria that the IRS regulates Giving someone a paper wallet Again, same thing. Another way to do it is to buy another asset.<br \/>\n15:02<br \/>\nSo Maybe I\u2019ll take my crypto windfall part of it and you know Open a Vault account with a Vault service and I\u2019ll fund that I\u2019ll just go buy gold and maybe some Occupants some kryptos, but maybe I\u2019ll buy Gold and Silver or Platinum or whatever.<br \/>\n15:20<br \/>\nAnd then I just give access to that vault to the person I\u2019m giving the money to.<br \/>\n15:25<br \/>\nSo there\u2019s another way to do it So that\u2019s really off the grid. If you\u2019d like things like that, and we can get into, we will get into more detail, I\u2019m just gonna mention this two more things. Lease agreements are a way to establish a relationship with real estate.<br \/>\n15:37<br \/>\nSo again, an example Let\u2019s say I\u2019ve got, I\u2019m working with a couple that\u2019s got a mortgage, it\u2019s going to be there for a long time, and they just need some privacy. They want to change public records, so the public records show that they\u2019re the title holder of the house.<br \/>\n15:50<br \/>\nNow, that doesn\u2019t always mean the person lives there, Right? It could be an investment.<br \/>\n15:54<br \/>\nSo, I will show it as an investment by creating a Lease Agreement for the couple, and I will do some other things and make it look like they moved, even though there\u2019s a mortgage there.<br \/>\n16:03<br \/>\nAnd I can record a lease agreement on the county records, and that will establish a tenant at that property. So, I\u2019m not saying this is the way to go.<br \/>\n16:11<br \/>\nI\u2019m just saying, there are reasons and methods that you can use to establish a relationship with property.<br \/>\n16:18<br \/>\nThe way you want it to look, like, is that you can especially do that with, with cash, right? So you\u2019re buying things with cash, and you want to structure it, so that it appears a certain way, whether you want to do for privacy, or planning, or risk management, OK?<br \/>\n16:31<br \/>\nSo, lease agreements are a clever way of establishing a relationship with actually vehicles and property like homes and land. Last thing.<br \/>\n16:42<br \/>\nIf you have an asset with no title like a paper wallet, don\u2019t put it in a title, don\u2019t transfer it to a centralized exchange where you\u2019re going to be your names connected to it. Everything else.<br \/>\n16:53<br \/>\nNow, yeah Then your name may be connected to it on the blockchain because of your ISP.<br \/>\n16:58<br \/>\nKnow your IP address right through your ISP.<br \/>\n17:02<br \/>\nThat\u2019s not really a title and no one\u2019s going to care unless there\u2019s some investigation, right?<br \/>\n17:07<br \/>\nSo if something\u2019s not already title, don\u2019t title it. If it\u2019s gold.<br \/>\n17:11<br \/>\nI don\u2019t care if it\u2019s a no case of gold or gold coin, it doesn\u2019t have a title.<br \/>\n17:16<br \/>\nIt doesn\u2019t really have a title until you go to sell it. If I sell that a **** shop is kinda gotta have a title because if the pawnshop pays me and I give them my name SSN say it\u2019s mine, he\u2019s probably going to send me a 1099 right.<br \/>\n17:29<br \/>\nBut if I sell to my neighbor for cash, there\u2019s no title there, no one\u2019s gonna know and no one needs to know, right.<br \/>\n17:35<br \/>\nSo don\u2019t create one.<br \/>\n17:36<br \/>\nSame thing with no kryptos and cold storage.<br \/>\n17:40<br \/>\nDon\u2019t go out of your way to create a title, wallets, paper wallets, private wallets, treasures, things like that, and, you know, you\u2019re precious metals and so forth.<br \/>\n17:48<br \/>\nSo just keep that in mind. It\u2019s, it\u2019s not titled, and it doesn\u2019t need to be.<br \/>\n17:53<br \/>\nWhat\u2019s more important in that case, is that you have good security.<br \/>\n17:57<br \/>\nSo wherever you\u2019re holding these assets, or these properties, are your treasure, just make sure you have good security.<br \/>\n18:03<br \/>\nThat\u2019s more important than having the proper title, What to do, generally when you take your profits, OK, So that makes sense, right?<br \/>\n18:10<br \/>\nWe\u2019re not going to title things that we that are, don\u2019t already have a title.<br \/>\n18:13<br \/>\nSo let\u2019s get into generally what you want to start thinking about and this goes along with the post windfall plan. I\u2019m sure many of you already have a copy of this, but I want to go into some more detail.<br \/>\n18:26<br \/>\nAnd I think I\u2019m going to do an overview right now and then I will get into some more specifics as as I can as I, as I see more questions because as I talk to more people, I find people have more interest in certain areas and others.<br \/>\n18:42<br \/>\nSo, anyways, let me just do an overview of the post windfall plan and I always call it a two stage profit taking.<br \/>\n18:48<br \/>\nSo, two stages being how to get out of the asset I\u2019m in. Like, it\u2019s pretty easy when you make some money in the crypto right now. You can go into stable coin. That\u2019s like the bare minimum, right?<br \/>\n18:58<br \/>\nAnd you just go into a stable coin and avoid the, the, the volatility of whatever you were in before, You can also go into dollars, you know, assuming that\u2019s pretty stable.<br \/>\n19:09<br \/>\nAnd so you have a tool for doing that. But profit taking.<br \/>\n19:12<br \/>\nI have two stages here, so I want to get from whatever acid it was into something that\u2019s really low risk and easy to do.<br \/>\n19:20<br \/>\nSo a couple of things you wanna look at is precious metals, And there\u2019s a list of things in my post one file plan, but you want to, you want to get into a position where you can get into other assets. So if it\u2019s just cache, that might be fine, as long as it\u2019s temporary.<br \/>\n19:37<br \/>\nI\u2019m always mean, maybe I\u2019ll change in a couple of years, but I\u2019m pretty biased against the dollar.<br \/>\n19:42<br \/>\nSo, if you want to sell kryptos, or whatever asset it is that gave you the windfall and get into cash, that\u2019s fine.<br \/>\n19:48<br \/>\nJust have your asset plan ready. What you\u2019re going to buy?<br \/>\n19:54<br \/>\nWe\u2019re gonna get into more on that. But let me just get into a little bit about privacy.<br \/>\n19:58<br \/>\nSome of the concerns people have are about what to do for privacy, because they think they realize they don\u2019t have any privacy.<br \/>\n20:04<br \/>\nOr, maybe, they\u2019re just, have a really big risk to someone realizing that they have some, you know, nice windfall or new wealth or something.<br \/>\n20:13<br \/>\nSo, one of the things you may want to consider is, there\u2019s a cheap way to go, which is use a mailbox service and route your mail to the mailbox and don\u2019t don\u2019t get mail at your house. Or at least don\u2019t get mail at your house in your name or your legal name.<br \/>\n20:26<br \/>\nI haven\u2019t go as far as to use a fictitious name, but I hardly ever get mail at my house.<br \/>\n20:30<br \/>\nI use a mailbox and a PO Box. Probably you should receive mail in your name anywhere.<br \/>\n20:35<br \/>\nI wouldn\u2019t, especially with a high net worth, and you may consider having a law firm not represent you, but provide a service that will receive your mail and whatever name you want. Maybe it\u2019s your legal name.<br \/>\n20:48<br \/>\nThere\u2019s a benefit to that because dealing with attorneys depending on your retainer agreement, you may get attorney client privilege not that you need it, but it might be something you want to consider.<br \/>\n20:57<br \/>\nI use that in some cases like if I\u2019m going to help somebody did I know is going to be audited because he didn\u2019t file for more than three years?<br \/>\n21:08<br \/>\nWe\u2019re going to use an attorney to avoid, having to give the IRS more than what\u2019s on the tax return. So, that\u2019s just one little thing I use it for. Attorney client privilege is really helpful.<br \/>\n21:19<br \/>\nThere\u2019s a nice service and having an attorney or his firm handle your mail in that sense. So, you know, it depends on it, how you want to spend your money, But I mean, think of it, having a law firm, receive your mail, is pretty cool.<br \/>\n21:31<br \/>\nAnd among other things, I mean, it can do other things to you for you, as well.<br \/>\n21:35<br \/>\nA law firm, think about like this, You could use a law firm to securely store one of your authorization devices for two or multi factor authentication.<br \/>\n21:46<br \/>\nReally two or yeah, 2 or 4 factor authentication.<br \/>\n21:49<br \/>\nIf you have something really important and you need more than two factor authentication or are four factor multi factor authentication. You can have the attorney\u2019s office storage device. It doesn\u2019t even need to know what that device is. It\u2019s just a place to store it, so I wanted to introduce that to you, that concept, to use attorneys for things like that.<br \/>\n22:07<br \/>\nI don\u2019t like them, I don\u2019t like to use them.<br \/>\n22:09<br \/>\nand, you know, for, for advancing a cause, I have, I wouldn\u2019t mind using them for forums. References and services like this, you know, answering my Mail?<br \/>\n22:17<br \/>\nNot answering, but I\u2019m receiving my mail.<br \/>\n22:20<br \/>\nAnother thing that I get a question on is: Avoid talking about paying old debts.<br \/>\n22:24<br \/>\nAnd I always like to say, avoid paying all the old debts, and that may not be the case for everyone.<br \/>\n22:31<br \/>\nIt may not be the best way to go for everyone, but there\u2019s a reason why I say that, because it\u2019s not that you want to avoid paying your debt, It\u2019s probably a good idea to pay your debt, especially if it\u2019s to a friend or family, right?<br \/>\n22:42<br \/>\nBut if it\u2019s to a bank, you know, it\u2019s up to you. I don\u2019t like them.<br \/>\n22:46<br \/>\nI would say, don\u2019t pay him if you feel better paying them. What I would suggest is this. And it\u2019s a good practice.<br \/>\n22:52<br \/>\ntake your windfall, instead of paying off an old debt first.<br \/>\n22:56<br \/>\nWhich is really an easy thing to do, Adopt a new habit and take that windfall and buy an asset.<br \/>\n23:01<br \/>\nBuy something that you can then use to pay off the debt over the term of the loan. Let\u2019s say it\u2019s your mortgage, for example.<br \/>\n23:09<br \/>\nSo let\u2019s say you get 100,000 left on your mortgage. You just had a nice windfall at $3 million.<br \/>\n23:14<br \/>\nAnd you take $500,000 of that and go invest it somewhere, or let\u2019s say maybe you buy a duplex, and you get the rent money from it, and you take that rent money and apply it towards your mortgage to either offset your mortgage or pay in full over the time term of your mortgage. Why pay off your mortgage in one lump sum? Because if you pay off a debt in a lump sum, you\u2019re giving the lender a higher way, higher net present value.<br \/>\n23:37<br \/>\nWhy should you give the banking system a higher value in your money?<br \/>\n23:41<br \/>\nAnd you\u2019re going to actually, It\u2019ll work this way. It will counter-balance because you\u2019ll lose the value of that money. Because you\u2019re giving it that value, giving it to the bank.<br \/>\n23:50<br \/>\nUse an asset by asset, use it to pay off a liability over the term of the, the obligation you have on it, which is a mortgage or a dead or some kind of right. That\u2019s a way better use it because once you\u2019re done paying off the liability, you still have the asset, hopefully. Alright, so, you want to find assets that have cash flow. That\u2019s easy enough. Use assets to pay for liabilities.<br \/>\n24:10<br \/>\nYou can use assets to pay our personal debts. I look at a personal debt as a liability. A car is a personal debt, the house as a personal debt.<br \/>\n24:18<br \/>\nA credit card bill is a personal debt. OK, and mortgage personal debt, alone on a restaurant that\u2019s making me 7%, is not a personal debt, it\u2019s not a dead at all, it\u2019s an asset because I\u2019m netting 7%, even though I\u2019m in debt. Maybe I have a $2 million loan on it, right, I\u2019m still making money on it.<br \/>\n24:38<br \/>\nThis is a lesson I learned a long time ago, Do not pay, for large ticket items with cash, you get all kinds of problems.<br \/>\n24:46<br \/>\nYou might get a visit from the IRS or Financial Crimes network.<br \/>\n24:50<br \/>\nNot that you should be afraid of it, just being practical. Like I say, why, why invite those people into your life.<br \/>\n24:56<br \/>\nIf you don\u2019t have to Why?<br \/>\n24:57<br \/>\nWhy go pay for a car with cash, when you can simply, just for the same energy use your windfall use, your lender? Use your company as a lender. What, why would you just go and pay for pay cash for a car?<br \/>\n25:10<br \/>\nBecause now the dealer is going to make you thought additional forms, and he\u2019s going to notify the IRS. Not that that\u2019s a problem, but Washington to do that.<br \/>\n25:19<br \/>\nSo, don\u2019t use, uh, cash to pay for large ticket items, OK, use the loan strategy to do that.<br \/>\n25:26<br \/>\nJust make sure that when you set up the loan to pay for a large ticket item, make sure that you have the ability that means in the practice, the habit of making payments on that loan. And have a record of it. With a bank account. Now, there\u2019s something I\u2019m gonna get into in a separate segment, but I want to mention this. You can look this up.<br \/>\n25:43<br \/>\nI want you really, I\u2019d advise you to void, having your name, if you\u2019re a US citizen, to have your name on a foreign bank account, or have an interest in a foreign company.<br \/>\n25:54<br \/>\nNow, you want to look at, you do a keyword search on the internet for an IRS form 5, 471, it\u2019s IRS Form 5, 471.<br \/>\n26:03<br \/>\nSo, you can search on it by the keyword, IRS Form 5 471 PDF, and you want the one with instructions. So it\u2019s about six pages long.<br \/>\n26:13<br \/>\nYou want to read the instructions because then you will see what these guys created is an impossible quagmire that you\u2019ll never comply with.<br \/>\n26:20<br \/>\nEven if you think you complied with it and you paid someone lots of money to help you fill out those forms just because you had a foreign bank account, your name is on it, the IRS can always say that you didn\u2019t comply, and then what will happen is, if you didn\u2019t comply according to what the IRS says, they can argue for the last 20 years and then go back, 50 years. You waive the statute of limitations, so it\u2019s really good idea.<br \/>\n26:43<br \/>\nIf you\u2019re going to be offshore on something, just make sure that it\u2019s not, you\u2019re not being reported on as a US citizen. I have a strategy for that, so we\u2019ll get into that in a separate segment.<br \/>\n26:51<br \/>\nSo how do you determine what assets to buy?<br \/>\n26:55<br \/>\nOnce you have your, your, your new westfall, and you\u2019re starting to follow some sort of program method of taking profits, you can\u2019t just take profits by putting cash in a box, in your house, you gotta put them in play, you gotta do something with them. Otherwise, we\u2019re just going to diminish in value so we all know that. So even if it means we don\u2019t have to work at the same job anymore, we still have a job, we have to manage that net worth.<br \/>\n27:18<br \/>\nSo how do we do that?<br \/>\n27:19<br \/>\nI would recommend this invest in something that you know, and maybe you hate it.<br \/>\n27:24<br \/>\nSo hopefully you don\u2019t, but invest in something, you know. Or something close to? What you know enough to where you would like it. But. More importantly, invest in something that you really like?<br \/>\n27:34<br \/>\nInvest in something you love.<br \/>\n27:36<br \/>\nMaybe it\u2019s a veterinarian clinic, alright.<br \/>\n27:38<br \/>\nMaybe it\u2019s, you just want to have a landscaping service, I don\u2019t know. Maybe you want to buy up all the landscaping services in your town.<br \/>\n27:44<br \/>\nSo invest in what you love and try to invest and what you know. As a starting point at least.<br \/>\n27:50<br \/>\nIf you don\u2019t know anything and you don\u2019t love anything, you can get away with real estate, and there\u2019s like 20 different ways to get into real estate.<br \/>\n27:56<br \/>\nAnd the other thing is, I would recommend not relying on financial planners and wealth managers, people who call themselves, wealth managers usually are not rich, usually have no wealth.<br \/>\n28:08<br \/>\nSo, people that you get the best information from are people that have a high net worth. If you have a high net worth, you talk to people that have a high net worth, Don\u2019t talk to employees that have a job title that says Wealth Manager, OK, especially at a bank.<br \/>\n28:22<br \/>\nBut always consider information, or consider advice.<br \/>\n28:26<br \/>\nEven if you think at the, at the beginning, at the onset that, it\u2019s, it\u2019s not worth your time, at least listen, because sometimes there is information that you can use, OK.<br \/>\n28:35<br \/>\nSo don\u2019t just discount something just because, on its face, you think it\u2019s not going to help you, you can, you can figure it out later on, so there\u2019s all kinds of types of assets to get into.<br \/>\n28:45<br \/>\nThere\u2019s, you know, real estate, real estate commodities property, there\u2019s some things I like to get into, I like to invest in things that cause social change.<br \/>\n28:53<br \/>\nAs you probably figured out, I could, I could probably invest in real estate securities, that would make me sick, I\u2019m sure I can make some money in that. I don\u2019t care.<br \/>\n29:03<br \/>\nI wanna invest in something that\u2019s going to make a change, that maybe my children and their children can look back and say, Oh my, my dad did that and my grandfather did that, and we have this thing today, right?<br \/>\n29:11<br \/>\nSo, that\u2019s what I like to do. You can do what you want.<br \/>\n29:14<br \/>\nThere\u2019s another tool that I want to get into right now.<br \/>\n29:17<br \/>\nWhen you, when you\u2019re investing, don\u2019t think because you can pay cash for something that is always the best idea, Fine. If you want to pay cash for the next asset, see, want to buy a restaurant, You pay cash for it.<br \/>\n29:27<br \/>\nYou should also have, in your plan how get financing for it, whether it\u2019s whether it\u2019s debt, financing, or equity financing, Whether you\u2019re going to take on a partner equity, financing, or are you going to borrow money. So you get some of your cash back out of it, at least half of it, right?<br \/>\n29:41<br \/>\nSo, for that, I would recommend, when you get into an asset, let\u2019s say you\u2019re gonna buy an apartment complex, nicely done the transaction, now you own it, and maybe it\u2019s debt free, because you just paid cash because he has so much money right from kryptos, but you still want to put some dead on there. At least half.<br \/>\n29:57<br \/>\nYou need to have something on there, like, maybe business credit, the company that owns the apartment complex, should go and establish business credit. So, there\u2019s a couple of steps on how to do that. You don\u2019t need cash to establish business credit.<br \/>\n30:09<br \/>\nYou do not need good personal credit, either to establish good business credit.<br \/>\n30:13<br \/>\nSo, what you do is, you want to start, well, first, you want to list the name of the company that you\u2019ve chosen to own the asset.<br \/>\n30:21<br \/>\nYou want to list it in the business directory.<br \/>\n30:24<br \/>\nSo, it\u2019s called the 411 Directory.<br \/>\n30:26<br \/>\nI believe you\u2019ll see one on the Internet.<br \/>\n30:28<br \/>\nIt\u2019s called list yourself dot com.<br \/>\n30:30<br \/>\nSo, I think list yourself dot com and ask you a few simple questions.<br \/>\n30:34<br \/>\nIt takes about one minute to fill it out, and that\u2019ll list your company as a business, and you want to use an address, that\u2019s the business address. It should not be a home address, Which probably is a no-brainer, I\u2019m sure you\u2019re already understand that, especially if the company owns an apartment complex.<br \/>\n30:48<br \/>\nYou\u2019re just going to use the main office address as the address the business, the best time to borrow money, and the best time to use credit, because when you already have the money and you don\u2019t need the credit, and you don\u2019t need the loan, it\u2019s just good use of money to use other people\u2019s money, But, you don\u2019t have to use all other people\u2019s money for an asset. You can use half of it, right, a quarter of it, just something to get some of your cash back and put into another, another type of asset.<br \/>\n31:13<br \/>\nOnce you do the 411 listing for your company, you want to start establishing that 30 counts.<br \/>\n31:18<br \/>\nSo a lot of times, when you buy an existing business, let\u2019s say, an apartment complex. It\u2019s already, it\u2019s already established.<br \/>\n31:25<br \/>\nIt will already have suppliers. It\u2019s going to have postal service.<br \/>\n31:29<br \/>\nIt\u2019s going to have FedEx, Whatever.<br \/>\n31:31<br \/>\nAnd a lot of the suppliers are going to be happy.<br \/>\n31:33<br \/>\nHaving haven\u2019t, will have binns selling products to the apartment complex on credit and the credit is known as net 30 terms.<br \/>\n31:43<br \/>\nSo what that means is, let\u2019s say, the apartment complex needs reams of paper for the printer, right? The office printer.<br \/>\n31:48<br \/>\nSo whoever\u2019s gonna responsible for buying is going to call up the supplier and say, Hey, we need another two cases of, uh, printer paper. So this person can say, fine.<br \/>\n31:59<br \/>\nHe\u2019ll ship them out. there, will be delivered in a week or whatever or a day or whatever that is.<br \/>\n32:03<br \/>\nAnd then, in a short time after that, there\u2019ll be an invoice in the mail or e-mail, whatever, Then the business will pay the invoice. So what you want to do, what if it\u2019s a new company, is you want to pay the invoice right away.<br \/>\n32:14<br \/>\nIf this has already established, you\u2019re just picking up, picking up as a supplier from an asset you just bought.<br \/>\n32:20<br \/>\nIt\u2019s already established. What you\u2019re trying to do is establish credit in your new business name.<br \/>\n32:24<br \/>\nSo you can easily make accommodations for that.<br \/>\n32:27<br \/>\nBut, what I found is, you get better results. If you pay the invoice right away, like within five days, don\u2019t wait, 30 days.<br \/>\n32:34<br \/>\nDon\u2019t wait the whole term, the whole net 30 terms.<br \/>\n32:36<br \/>\nSo, what will happen is, the supplier will report the payment, two, Dun and Bradstreet, your credit file, Dun and Bradstreet, which is actually your company\u2019s file, that\u2019s how you do it.<br \/>\n32:49<br \/>\nAnd then, at some point, after about 4 to 6 months, it\u2019s not that long, you\u2019ll need about 3 or 4 of those types of accounts, those Net 30 accounts.<br \/>\n32:57<br \/>\nRight about that time, you\u2019ll be able to go into a bank.<br \/>\n32:59<br \/>\nProbably, the Bank where you\u2019re already banking with the LLC, you\u2019ll probably be able to open a line of credit without being the personal guarantor. That\u2019s the key thing.<br \/>\n33:07<br \/>\nDon\u2019t ever be the personal guarantor, I don\u2019t care if it\u2019s convenient, don\u2019t do it.<br \/>\n33:12<br \/>\nMake sure that your your SSN and your date of birth and your name are not being used on any applications do not use them.<br \/>\n33:19<br \/>\nYou should even writing your articles it\u2019s not permitted. No. member can can guarantee anything for the company should put that in the articles.<br \/>\n33:27<br \/>\nAll right, so that\u2019s what you do so you end up with, you know, 23,000, $60,000 of unsecured credit and then you can start building from there.<br \/>\n33:34<br \/>\nAnd so, Just because you have the cash to pay for something, that\u2019s not always a good idea to do it. Maybe you want to do, because it\u2019s easier, but, in the long run, you want to have plans on getting financing.<br \/>\n33:45<br \/>\nBusiness credit is a great way to do it.<br \/>\n33:49<br \/>\nIt has other uses.<br \/>\n33:51<br \/>\nThere\u2019s other types of financing though. You\u2019re gonna find more useful like joint venturing. You want to be able to bring in a partner, someone who\u2019s going to put in a million dollars, and he\u2019s gonna get a percent back, and then he\u2019s gonna, he\u2019s going to be bought out.<br \/>\n34:03<br \/>\nRight. That\u2019s really cool financing. You could do a lot of things with that. So, you\u2019re gonna use other people\u2019s money. You\u2019ll see that you can do that quite easily, once you have a business up and running, or buy something that\u2019s already going.<br \/>\n34:13<br \/>\nYou can also use other people\u2019s resources. Sometimes you don\u2019t need money.<br \/>\n34:17<br \/>\nYou just need to use maybe someone\u2019s facility on his land, or, yeah, a tool, or some equipment, and you can set up terms for that.<br \/>\n34:26<br \/>\nSo, anyways, we can get into more financing, but really, you want to keep in mind that just because you\u2019re super-rich now, doesn\u2019t mean that you should just pay cash for everything and leave it at that. I think you should have part as part of your plan. As part of your asset management or wealth management plan, you should have a way to get into debt using your company\u2019s just without a personal guarantee.<\/p>\n        <\/div>\r\n    <\/div>\r\n\r\n    \r\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e814cf7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e814cf7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4795798\" data-id=\"4795798\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48dcedc elementor-widget elementor-widget-spacer\" data-id=\"48dcedc\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c91fcd8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c91fcd8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-669a2fc\" data-id=\"669a2fc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2211071 elementor-widget elementor-widget-text-editor\" data-id=\"2211071\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Summary<\/strong><\/p><p style=\"padding-left: 40px;\">1. Avoiding tax penalties and maintaining privacy are two critical aspects of managing significant windfalls, such as imputed income.<br \/>2. Borrowing cash from an LLC for personal use, such as paying a mortgage, can be beneficial.<br \/>3. Refinancing a mortgage with LLC funds, where the LLC serves as the new lender, is a potential financial strategy.<br \/>4. Transactions involving cryptocurrency can be conducted using an LLC as a mediator to maintain privacy and avoid potential complications.<br \/>5. For large purchases like cars or houses, funds can be set aside from a crypto account and transacted through the LLC to maintain privacy.<br \/>6. Ensuring the title and ownership details of assets are correctly maintained is crucial to prevent any unwanted issues or audits.<br \/>7. Utilizing attorney-client privilege can help maintain privacy and ensure proper tax reporting.<br \/>8. Prioritizing debt repayment based on personal relations and future value of money is advised; for example, debts to friends or family should be paid off first.<br \/>9. Purchasing assets that provide regular cash flow can counterbalance liability payments.<br \/>10. When investing windfalls, consider passion, knowledge and income potential. Real estate can be a reliable starting point for investment due to its diverse opportunities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-311eb89 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"311eb89\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-445bc7e\" data-id=\"445bc7e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>P14 &#8211; The Post Windfall Plan<\/p>\n","protected":false},"author":131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[124],"tags":[],"_links":{"self":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/6843"}],"collection":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/comments?post=6843"}],"version-history":[{"count":7,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/6843\/revisions"}],"predecessor-version":[{"id":24954,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/6843\/revisions\/24954"}],"wp:attachment":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/media?parent=6843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/categories?post=6843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/tags?post=6843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}