Playing by the same rules as Billionaires — You’re either going to love me or hate me after this…

There’s so much division in society, yet so much opportunity for everyone to generate wealth without having to be wealthy. I read this article about another proposed tax to billionaires.

TLDR
-1 time tax
-Helps people for ONLY 1 year
-Unlocks $800M from NC billionaires and $40B+ from those like Jeff Bezos

Oh you have to ‘love’ these calls to action to tax the wealthy and redistribute wealth by the ‘absolute most efficient’ entity in the world… yes that is sarcasm if you didn’t catch it.

I’m going to share some of the ‘secrets’ of the billionaires and millionaires that are in reach for the everyday citizen and explain why most millionaires didn’t even know they could participate in the opportunity for incredible gains.

‘Secrets’- Things everyone should know, can find across many public CPA, Law and Investment sites, and don’t require being wealthy to take advantage of.

…but 1st, let me speak directly to 1 group to address the serious needs the article does accurately portray.

I have a better idea for you, the North Carolina Billionaires…

Teach others how they can generate wealth (AWARENESS). Start with funding (via investment) practical activities (ACCESS) in your backyard which can help generations to come, starting today…

1. Set up Matching / Co-Investment Funds similar to Launch Tennessee — why should NC, the #9 economy in the US, with several cities ranked in the top 10 and 100 places to build a business not employ something as mutually beneficial to all as LaunchTN did?
2. You (and those millionaire entrepreneurs you’ve helped create along the way) provide advisory to cohorts of new entrepreneurs — we have some amazing venture studio, accelerator and other entrepreneurial partners across our state.
3. Lead Angel investing education sessions to teach new Angels what you look for in an investment opportunity to provide a path for new Angels to invest alongside seasoned Angels, like you.
4. Set up a health sharing company for NC, similar to highly effective and affordable Christian Healthcare sharing programs, backed by let’s say $200M of your capital (as an investment), which any N. Carolinian can buy into and use for healthcare.

All of these provide generational impact beyond the typical 1yr plan proposed while supplying for immediate needs of the community.

• Matching funds enable businesses to put people back to work while encouraging a greater population to share in potential wealth building activities
• Your Advisory / Entrepreneur in Residence activities help the next generation of entrepreneurs succeed, building a higher quality entrepreneurial community in NC e.g. less failed businesses
• Teaching others how they can invest alongside you in NC real estate, small businesses and high growth startups keeps our economy growing while democratizing opportunity to potentially greater returns for a broader base of people. — but don’t people have to be wealthy to invest? (nope…I’ll speak to this in a bit)
• Healthcare is ***** (insert your choice word here) up. Most of it is sickcare. Health sharing plans have PROVEN to lower costs and create healthier communities of people who also give above and beyond their monthly ‘share’ to care for others. e.g. $150/mo/person capped costs for 3 people even if your family has more than 3 people in the household …all w/o a company match) covers the majority of most individual needs. I’ll leave it at that for now.

Let’s see. In my proposal

• billionaires still invest and can gain,
• the broader community can now invest and gain,
• entrepreneurs can gain and create the next companies which put more people to work, increasing the flow of money which improves livelihoods,
• assuming those entrepreneurs are like most of the ones I know and put in equity compensation for their team, then these companies generate wealthier workers
• …what am I missing in this equation?…

…oh yea…all without government interference or dependency.

What a way to improve the potential efficacy of the 99% give away so many of your peers committed to already.

Since 2016, $2M+ invested in NC businesses from everyday citizens alongside seasoned Angels

Changes in 2012 & 2016 have made it possible for the everyday person to invest alongside billionaires. The last time this was possible was before the 1930's.

What’s most amazing is that the majority of those millionaires (~90%) who could participate didn’t even know they could. Crazy huh?

Mountain Raise 2019

Many everyday North Carolinians have learned they can invest in private NC businesses & real estate in their backyard. Yes these are businesses you probably know or are very close to you. All this can be done from the convenience of a cellphone and the potential return are unbelievable and real …why do you think the wealthy are wealthy?

• From access for as little as $10 an investment paying an average of 10% for house flips on Groundfloor.us…
• …To the next high growth tech or life science company which can turn a $100 investment to $20,000+ or anywhere in between.
• ‘Secret’: To laws like QSBS which mean that person who invested early in a successful growth venture (like the example above) pays $0 in tax on every their gain up to $10M gain per investment. Yea, that’s right, you don’t have to be wealthy to take advantage of this.
• Of course these returns are never guaranteed and wealthy people use a highly diversified portfolio of ventures (at least 10 to 20 investments) to hedge against the stat that 9 out of 10 high growth businesses fail.
• However, I know many private market real estate investors who target and hit consistent 15–25% YoY returns because they educate themselves on what to look for.

I would bet most billionaires and seasoned Angels in NC don’t even know this exists. 72% of the investment capital in these public campaigns for private market business comes from new accredited investors which didn’t know they could participate before.

• The # of NC businesses seeking capital and $ invested by the community this way is exponentially growing for NC.
• The private markets are 4X+ the size of the stock markets combined and the majority of the wealth is in the private markets
• Nationwide the movement is growing 50% YoY on average. Over $3.5B has been invested this way.

It’s time to be America again!

I want my children and your children to grow up in a world with a government of the people, by the people, for the people. We have the right to abolish the government and rebuild it. However, without taking on that monumental task, why don’t we just use what we all have within reach:

• Laws which have finally put wealth generation capability back into the hands of 98% of the population.
• COVID which has taught us even more why we value each other as people and our communities.

Let’s build & (re)invest together so the next generation is better than today. That’s our ultimate legacy!