It’s amazing how some learned people tend to know less the more they learn. It’s as if they are blind to “ordinary” people’s knowledge and what they can learn from them.

Last week at a braai, I had the honour to meet and rub shoulders with a well-known South African economist. To respect his privacy, we’ll call him “Steven”.

Steven is well-known for his anti-South Africa sentiments. He has gone off at the corrupt government we have and how ‘stupid’ people are to invest or do business in SA. He said he would rather invest his money in the USA and Australia because the tax in SA gets stolen.

I said to him that while that may be true for most, it’s definitely not my tax that they are stealing!

When I told him that I, as a property investor and a business owner, disagree with him since we have many property investment- and business opportunities in SA, and that it’s entirely possible that we pay zero Profit Tax, he nearly fell off his chair. He asked me what I had smoked…

I realised that he simply doesn’t know what I know (and what thousands of “ordinary” Wealth Masters know). In short, he knows nothing about the Wealth Mastery System – especially our “BIG 7“. Why? Because he is merely an economics graduate; and the Wealth Mastery System is not taught at schools, colleges or universities.

So I went on to tell him what exactly the BIG 7 was, and he quickly made up an excuse and left the braai – without saying goodbye!

Let me share the BIG 7 with you:

The BIG 7 of the Wealth Masters Club

1. ALA – In 1983 we were the first to discover that we can use the Alienation of Land Act of 1982 for taking over the mortgages of people in financial distress.
2. DOUBLE TRUST – In 1996, we developed the first creditor-proof legal structure by effectively separating assets from liabilities.
3. REFINANCING– In 2003 we were the first in the world to commercialise refinancing with dedicated formulas and software.
4. CONDUIT PRINCIPLE – In 2004 we were the first in South Africa to commercialise the conduit principle of Trusts for 100% tax savings.
5. USUFRUCT – In 2004 we were the first to promote usufruct for saving an average of 75% on Transfer Duty.
6. RESIDENTIAL REBATE – In 2014 we were the first to simplify the complicated Section 13sex of the Income Tax Act with which investors can claim back 55%, and developers 100%, of the cost of a new house from SARS as a tax allowance.
7. TAX-PROOFING COMPANIES – In 2023 we were the first to find a legal way to make the profits of a small to medium size company 100% tax-free.

Don’t EVER think you’re too clever or too educated to learn about the things that really matter!