#125 - What is the Buy, Borrow, Die Process?
About This Episode
Shaan and Sam are joined by Shaan's brother-in-law, Aaron Batchelder, to discuss the 'Buy, Borrow, Die' strategy used by the ultra-wealthy to build tax-free wealth. They explore various topics including real estate depreciation, the sustainability-focused 'Buy Nothing Project,' and the massive profit potential found in 'boring' industrial businesses like chemical dyes and conveyor belts.
Episode Description
Key Takeaways
Utilize the 'Buy, Borrow, Die' framework by borrowing against appreciating assets like stock or real estate to fund your lifestyle tax-free, rather than selling assets and triggering income tax.
Joining a high-growth startup even 8-10 years into its journey (pre-IPO) can still lead to life-changing seven-figure wealth while providing a stable, high-salary environment.
Boring, unglamorous businesses—such as those manufacturing industrial dyes or niche mechanical parts—often provide the highest profit margins with the least competition.
Business Ideas Mentioned
Verified Premium Neighborhood Sharing Marketplace
Marketplace
Sustainable Industrial Material Manufacturing
Boring Business
Startup Employee Investment SPV Platform
SaaS