To recap, what's the formula? What's your wealth number? How long can you survive? which is derived by whatever your freedom number is.
You reduce your taxes, you use debt, you buy and build passive income generators it doesn't matter what kind, then you achieve your wealth number.
So where else is the formula used? Believe it or not, our president uses the same exact formula. He uses debt, and he pays no taxes. He's told you that and he's told the whole world that and the tax code is written for us to do what the government wants us to do. His son in law Jared Kushner does the exact same thing. They use debt and they reduce their taxes.
However, many people have not used it and they don't know about it. That's why I created the formula. And that's why people are struggling because they keep repeating the same old, obsolete things.
Anyway, the whole entire world has used debt. If you look at the corporate debt across the US in the last 10 years, you can see it's gone up to a trillion dollars. The whole world's use debt, except for, you know, people who keep saying, save money and get out of debt. Right. That's only true for bad debt. I have millions and millions of dollars in debt and I'm always getting more debt.
Where else has it been used? Well, AT&T, they bought DirecTV. 48.5 billion ladies and gentlemen. And part of that was through debt, Amazon, they use debt to buy Whole Foods, a 20 years debt to buy Time Warner, this is nothing new. It's not a secret. It's just because you keep repeating that stuff you hear from Susie Orman "Save Money and Get Out of Debt". You don't actually differentiate between good and bad debt.