Why the rich own NOTHING (and you should too)

Own nothing, control everything: this is a saying that sums up why rich people own nothing.

And although that may sound like a strange concept, I'll explain it all in this video.

Long story short, in many cases for asset protection, tax benefits, and to increase your profits, it's not beneficial for you to actually own your things. In some cases, a company, trust, or other similar entity can own these for you, that have a host of benefits.

And this is a tactic that many rich people use to their advantage... and you can as well.

It's not all roses though; there are of course, some downsides which I'll cover in this video.

I hope you enjoy!

Timestamps for video can be seen below:

0:00 - Introduction
0:28 - Why you should never do business as yourself
0:56 - What "Own nothing, control everything" means
1:57 - Why entities are beneficial when it comes to lowering tax
3:10 - Some of the surprising tax deductions you can make
4:24 - Trusts, and why they're amazing
6:12 - Why owning things personally can be a better idea
8:52 - A warning on things getting complex
9:40 - Legal, always
11:23 - Outro