How Tony Stark Lives Large With No Job
"I pay for everything and design everything"
By: The Hero Gig Staff
July 10, 2021
Disney
As you know, Tony Stark quit his job as CEO of Stark Industries. We also found out from "Falcon And The Winter Soldier" Disney+ TV series that the avengers don't get paid for their service. Since he is unemployed, how is he able to live so large? It is a well known fact that Tony Stark is a "Trust Fund" baby. The wealth he has now has been handed down to him from his father, Howard Stark. But like every wealthy person, they don't want to sell their assets to fund their lifestyle. So where exactly does his money come from? In here, we show how Tony Stark can afford anything and everything and maybe you can do it too!
In order to start building your wealth, you need to acquire assets. Typically, this is either from your home, stock portfolio, or Bitcoin. Your immediate goal is to squeeze as much money as you can from your job while exchanging the least amount of hours from your life. With the cashflow from your salary, you can buy assets with it and watch your wealth grow.
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For Tony, this will be from his ownership of Stark Industries (ticker symbol: "SIA") shares.
Disney
Another way to acquire assets is to build them from the ground up. There are an infinite ways to achieve this. You can start a business, build a website, invent something (intellectual property), or create a cryptocurrency to name just a few.
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Even though Tony did not found Stark Industries, he is the "golden goose" in the company. He invents new technology that world desperately needs and is more than happy to pay for it.
Now that you have acquired a large amount of assets. You can now borrow money and use these assets as collateral. This is the most important step in the process. The amount of money borrowed is how the rich are able to live their lavish lifestyles.
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An added benefit is that you do not pay taxes for borrowed money. With the extra low interest rates in today's world, it makes sense to borrow money against your assets. Just hire a good accountant to make sure you do not get sucked into a black hole of debt.
Howard Stark passed on his wealth to Tony thru a loophole in the tax code which allows Tony to sell some assets with very little capital gains tax.
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Now that doesn't mean that you should die. What this means is after you acquire your assets, there is a way to transfer all of this wealth to your heirs almost tax free. Check with your accountant for more details.
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