Updated 8 months ago on . Most recent reply
Wealth creation model I like
If you think about your career and your journey to build wealth over a long time horizon, this is still the strategy that I like most:
1. Start a business that produces cashflow.
2. Use your personal cashflow to buy or invest in real estate that produces more cashflow and has other great tax benefits.
3. Reinvest whatever money you save on taxes via depreciation back into more real estate or property improvements to continue increasing the size and quality of your portfolio.
4. Occasionally sell and 1031 into more attractive assets.
5. WAIT as long as you can and don't die.
This is easier said than done but it's a proven model to create wealth in your life that has worked for many people over time.
