So I’ve recently come across the strategy of Buy, Borrow, Die which I think makes a lot of sense. Essentially, you are investing in long term assets in a brokerage account which you can borrow against those assets at a relatively lower interest rate as compared to a credit card.
The idea is that you will grow your wealth with the assets you invest over time and would save in capital gains tax by not selling your assets in the event you needed money. Moreover, you could use that money for future investments.
Lastly, when you die, you can pass down those assets to your children tax free within a certain limit.
Personally, I think this concept can give you an advantage in wealth hacking. Also, nowadays, it definitely possible to live out of your brokerage accounts as most of them have a cash account system similar to checking’s and savings account as well as the latter.
This strategy definitely aligns with the income portfolio I started as I am mainly invested in the indexes which should have relatively stable volatility within the market.