Skip to content
POWER100
Join Free
Content

How The Rich Pay Zero Taxes

📅 October 27, 2026 🎤 Bill R. Sell, Mark Tuan

Chapters

Click to jump to section

  • 0:00
    Introduction to Mark Quann
    Bill R. Sell introduces special guest Mark Quann, a financial educator and author of 'Be Smart, Pay Zero Taxes', known for his unique financial strategies.
  • 3:33
    From Miner to Money Mark
    Mark Quann recounts his childhood in Canada, his family's struggles with poverty, and his journey through various odd jobs and entrepreneurship, including a stint as a private investigator in California.
  • 17:12
    The Path to Financial Education
    Mark explains how reading 'Rich Dad Poor Dad' inspired his deep dive into financial education, leading him to work with Patrick Bet-David and eventually writing his first book, 'Rich Man, Poor Bank'.
  • 32:48
    Writing Books on Norcos
    Mark shares the unusual story of writing his second book, 'Top 10 Ways to Avoid Taxes', while recovering from heart surgery and under the influence of Norcos, contrasting it with the five years it took to write his first.
  • 39:50
    The Buy, Borrow, Die Strategy
    Mark details the 'Buy, Borrow, Die' strategy, illustrating how it allows individuals to leverage assets like stock portfolios to borrow money for business or personal use without incurring taxes, inspired by billionaires like Elon Musk.
  • 55:17
    Challenging Traditional Financial Advice
    Mark strongly advises business owners to question the advice of financial advisors and CPAs, advocating for self-education and warning against funding retirement accounts as a tax deferral trap.
  • 1:06:56
    Tax Reduction Strategies for Business Owners
    Mark discusses strategies for reducing or eliminating taxes, particularly for 1099 income earners, by utilizing tax codes like bonus depreciation and strategically planning tax returns.
  • 1:12:38
    Rethinking Money and Education
    Mark concludes by urging listeners to stop saving money, learn to invest, educate their children about finance independently from Wall Street-influenced systems, and leverage resources like his book for financial literacy.

Speakers

B
Bill R. Sell
Host — CEO of LB Capital and the Build It to Sell It environment
M
Mark Tuan
The Perfect Portfolio

Key Takeaways

✦

Challenge traditional financial advice; your CPA and financial advisor might not be equipped to help you with the advanced tax strategies used by the wealthy. Educate yourself on financial strategies.

✦

Implement the 'Buy, Borrow, Die' strategy: buy income-generating assets, borrow against them at low interest rates, and avoid selling to defer capital gains taxes. This can fund business needs without working for or paying taxes on the money.

✦

Stop funding traditional retirement accounts if your goal is tax savings, as they primarily defer taxes rather than eliminate them and keep you working longer. Explore alternative investment and borrowing strategies.

✦

Never invest in an asset unless you can borrow from it. This maintains liquidity and allows for continuous leveraging of your assets, enabling double tax deductions if used for business or charitable contributions.

✦

Proactively manage your tax strategy throughout the year, rather than just at tax season. Work with your CPA in the fall (October/November) to implement strategies that can virtually eliminate your tax bill by year-end, especially for 1099 income.

Want the full experience?

Join Power100 for full access to every episode, AI-powered insights, personalized coaching, and a network of industry leaders.

Join Power100 →