The greatest storyteller of all time is said to have said that a certain rich man approached him and asked: “What shall I do to inherit the kingdom of heaven?” Jesus, having replied, said, “Go and sell all of your possessions, give away all of your money, and you may receive the kingdom of heaven.”
You have to understand the correlation of this story to investing. Heaven represents unlimited prosperity. It represents the opportunity to receive abundantly beyond what you already receive from other sources of income. Most importantly, it represents clarity — being able to see opportunities clearly.
When you don’t have the stability of an income source, your survival mode kicks in and forces you to be creative. You begin to create ways to make money so that you can feed your family and pay your bills. You begin to change the way you think. Had the rich man done what Jesus instructed, he would have received untold wealth. Likewise, if you were to quit your job and start from the bottom, you will eagerly search for that asset that you can eat from.
So how do you do so effectively/ While there are numerous ways, one such way is through a Revocable Living Trust (RLT). So what is a RLT? A Revocable Living Trust is a fiduciary relationship in which a trustee holds title to property for the benefit of another person. Such a trust is created during the life of the grantor and the provisions of such a trust can be altered as many times as the grantor pleases. It is an agreement whereby income-producing property is deed to heirs. Now it is important for you to know that the “grantor” could be you or an artificial person, like a corporation or a LLC.
The RLT is a tool often used in syndications by investors and the Wall Street types. With this tool, you can purchase stock in large quantities of a particular company and have your broker from your T.D. Ameritrade account sell beneficial interest to wealthy investors through a private placement. Here’s an example: John has studied the fundamentals of Poshmark Inc. His research supports a finding that Poshmark’s stock will increase in value by twelve percent year over year for the next three years. John, to reflect his analysis, asks his broker to find him deep-in-the-money call options with a five-year expiration, which his broker finds and offers a purchase of 1,000 option contracts and five dollars per contract, for a total cost of $500,000. John okays the transaction and knowing that he has 24 hours to pay for the transaction, directs his broker to publish a private placement memorandum for beneficial interest in his RLT, retaining twenty percent, to raise the $500,000.
Interested in learning my story of incarceration since age 17 and how I legally obtained my wealth while inside? Please message me at ConnectNetwork.com, Paul Lee, #B58057.
