JOIN OUR MAILING LIST: https://www.abundantia.co/ COURSE & MEMBERSHIP (PRE-ORDER): http://jointheorder.co/ 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! 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 ► IMPORTANT LINKS: Enter your email below for free weekly lessons and insights into becoming financially free, investing, global tax and corporate structures, passports, residencies, and more. https://www.abundantia.co/ ► SOCIAL MEDIA: • Abundantia Instagram: @abundantia.co https://www.instagram.com/abundantia.co/ • Sorelle's Instagram: @sorelleamore http://www.instagram.com/sorelleamore​​ • Abundantia Twitter: https://twitter.com/abundantiaco • Abundantia Facebook: http://facebook.com/abundantiafinance Sorelle and Leon. Founders, Abundantia Liability Disclaimer: https://www.abundantia.co/disclaimer #ownnothing #controleverything #richownnothing