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3.3K views10 days ago2m 4sScore: 80

Michael Chang

Pricing & Profitability
intermediate
Tax Strategy
Profitability
Revenue Management
Expenses

Summary

The speaker explains the strategy wealthy individuals employ to build wealth using short-term rentals by using debt strategically, employing the tax code, and buying assets in an inflationary environment. The main argument is that by purchasing assets that will appreciate in value, strategically using debt that can be paid down in inflated dollars, and saving money on taxes through bonus depreciation, one can build wealth over time.