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Originally Posted by After Shock Media
I chuckled some and made sure he was talking about his take home pay and he assured me he was. I tried to explain it to him but it never seemed to sink in. At least I avoided the whole issue of telling him why I would not let him invest.
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What exactly were you trying to explain to him that didn't sink in?
If I was your brother I would be doing the same exact thing. The more money you make, the more you pay in taxes. So you find new assets and investments to acquire that not only lowers your profit (and taxes) but increases your assets, future profit, and overall worth. Of course, as the profit grows its a continuous problem of spending the additional profit, but thats how the cycle works.
He can pay a load of taxes on $20k monthly or he can invest $18k, pay taxes on $2k, and walk away with an asset that will generate income worth at least $18k.
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