The 5% he is wrong about IMHO is the absolutely zero debt and the over reliance on "growth stock mutual funds" as the best investments.

Reliance on the false statement by the victim4.

Too Much Reliance on OthersAnother downside of long distance real estate investing is that you will not have much control over the day to day activities at your rental property.

But for the past decade central banks all over the world have been ditching their US dollars for more gold in a move to decrease reliance on the dollar.

🤷‍♂️Love this post and what Scotty posted.Congrats on your success thus far.As much as I love real estate and business it never is passive and never will be totally passive unfortunately.There is always a risk component involved and a reliance on someone.There will always be that gut wrenching phone call that makes the stomach turn.It all come's down to how much is enough for someone to live a happy life.I unofficially retired at 28 and am back chasing now at 36.Parents and family are getting older and have a huge will and in a way pressure to retire my old man.A beautiful person and father.I've checked off mum and uncle from the list hahaFew more to go lolI am and always will be a "real estate guy" per se but a few years ago I asked myself this question:"How can I get the highest possible return, with the least amount of risk, without doing any work and without involving anyone else?"

Pray tell, what substantive facts are you in reliance on?

Oh, and while I’m pontificating and waving my magic wand, transfer payments from federal tax to municipalities since that’s where most of the services that affect our daily lives are provided, reducing reliance on property tax which is uncorrelated with ability to pay and thus one of the most heinous taxes devised.

I see Real Estate the same way, it's the most effective way to grow capital without much reliance on the stock market like most other investments I've been introduced to.

Though it has a heavy reliance on agriculture, people need to eat and it does have a number of other small industries and facilities within its area.  

In my experience reliance on trusts for protection is highly misplaced.