5 ms·
Truly rich people tend to invest their balance sheet mostly illiquidly in trusts and pay themselves a low-as-possible allowance from low interest, short-term lo
by bro-stick 11y ago
Truly rich people tend to invest their balance sheet mostly illiquidly in trusts and pay themselves a low-as-possible allowance from low interest, short-term loans against assets. Personally, they don't tend to own much directly to avoid the taxman's reach and for liability too.