Recent content by peter taradash

Want my recent thoughts? See my video Blogs. https://www.youtube.com/@Lucky2balive888/featured

I have an old client who has been a Paraguayan resident for maybe 10+ years. Clean record, wealthy guy. He has gone thru several Paraguayan lawyers (and paid big fees) to get his citizenship/passport in the last 3 years... In short, he has been unsuccessful. Does anyone know of any foreigner...

Not all lawyers are money-grubbing liars who will cheat you. Just like all MDs are not going to fail to cure you to keep you as a cash cow. Even not all politicians are corrupt. It depends. A few are OK. Generally if rich and old (like me) they tend to be more objective and reliable. But not always!

Give a Power of Attorney (potentially near limitless access to your assets) granted to a friend in case you get hit by a car or have dementia ... The only problem with that is " a Power of Attorney (potentially near limitless access to your assets) granted to a friend " under the laws of most...

Friends? Lawyers, straw men and trustees can be the best friends that money can buy. PS: No money, no friends.

How passive income like this beats the currency debasement: Rents (obviously not all!) on well-chosen property deals go up faster & higher; so does interest (+ capital gains) on well-chosen discounted bonds), Dividends on many stocks like Swiss & Filipino have also not only kept pace with...

"only a way" correction of above. Wow! Only one person saw the math error. This was WRONG. " The interest on 800,000,000 at 5% would be 4,000,000 and the interest on that would be the 200,000 you needed as interest on your interest. I wanted our readers to have to THINK a bit, and you did...

These can be lawyers, accountants, with powers of attorney --or what is known in the trade as "straw men."

" I'd certainly agree with that! 5% doesn't even cover real inflation (loss of purchasing power). My example was only way of measuring generational wealth year to year. IMO diversification with good chunks of prime income property is the way to go.

Sorry misprint-https://www.youtube.com/@Lucky2balive888/featured, "Did God Spare Me For A Higher Purpose"

I think John Paul Getty wrote a book called "How to Be Rich" it was what to do after you have made your pile.

Not phantasy. For those who aspire to generational wealth, a Billion is the minimum. Obviously, one can "live" very well on much less if not thinking of future generations. I personally am nearly 90 now and have no such aspirations. My descendants will have to make it on their own. I had a few...

PS: I just did a proof-read revised version of what I wrote earlier, which can be deleted. How to measure wealth? And "What is wealthy?" Do you have an opinion on that topic? "How to measure wealth?" Though I hated & scored poorly in Accounting courses, in later life my basic understanding of...

Correct. The interest on 800,000,000 at 5% would be 4,000,000 and the interest on that would be the 200,000 you needed as interest on your interest. I wanted our readers to have to THINK a bit, and you did! Pete

"How to measure wealth?" Though I hated & scored poorly in Wharton Accounting courses, in later life my basic understanding of balance sheets and accounting turned out to be more important than any other intellectual asset. In evaluating deals and future profits from businesses I was involved...