How to Be in the Top 1% and Build Passive Income Without Going Back to School or Starting a Biz
<p>The other night, I conversed with a friend about how @ss backward our society’s financial advice is….</p>
<p>You know, “Take out student loans, go to college, and buy a house because it’s a great investment”.</p>
<p>B.S.</p>
<p>Your house (primary residence) is a liability, not an asset.</p>
<p>Anyways, I pointed out — that most people who earn less than $200k a year (which is the majority of folks), would be better served buying a very boring business that has cashflows in the six-figure range instead of buying a primary residence.</p>
<p>As soon as I got home, my mind go to work; I ended up building a very simple decision tree (at least, I hope it’s simple — you can tell me in the comments if it’s not easy to understand).</p>
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