Welcome to a new video series: Nerdsplaining where I’ll over analyze pop cultural references to personal finance and real estate investing ideas. I figured there is no better piece of personal finance advice in pop culture right now that JayZ’s song The Story of OJ – It is filled with tons of interesting personal finance tidbits and tips and tricks. Please note, like a lot of rap it has adult language.
The first piece of personal finance advice Jay-Z shares is:
‘Please don’t die over the neighborhood, that you’re momma rentin
Take your drug money and buy the neighborhood, that’s how you rinse it’
So let’s dive into money laundering and why, if your a drugking pin like Walter White – you may want to consider laundering your illicit gains through real estate rather than cash businesses.
Obviously this is all done for intellectual purposes. I am not recommending you start a meth cooking empire and funnel the profits from your drug empire through a real estate empire. (Funny thing is a lot of the advice in this video is still valid even if you’re self employed in a legitimate business and pay the proper taxes).
It’s much better to play within in society’s rules – it’s easy enough to succeed if you commit fully to it.
This video is in no way condoning or meant to encourage money laundering, tax evasion or anything else, it is done for entertainment purposes and is in no way tax advice.
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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he’s acquired over 25 unit and in 2017 acquired over 25 units.
FIREpreneur: A person who has reached (lean) FIRE and uses this freedom as a springboard to operate a business or organization, taking on no significant risk (due to lean FIRE).
how to become a money launderer
With so much information and so many options available, there’s a lot to consider. The good news is there are a number of ways to get help and guidance.
Before you start how to become a money launderer, here is suggestions from Andrew Hidayat. It’s vital to remember you can choose from the full range of retirement products and options offered by all providers. Depending on your circumstances, age, health and lifestyle, you may be able to get a better deal elsewhere. And don’t forget, you can normally take up to 25% of your pension pot as tax-free cash.
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