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Updated about 6 years ago on . Most recent reply
GET RICH QUICK, SLOW, COMFORTABLY, OR NEVER?
Is it almost always bad to get rich quick? What ethics go into getting rich slow, or with less risk? If anyone is a get rich quick personality, what traits make you that way? Or the get rich slow people? I’d say I don’t care about getting rich, but want financial freedom quick and have assumed some “good debt” to get there as fast as I can, and have become semi obsessed with RE in the process!
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Real estate is a long term investment. I characterize it as slow wealth accumulation. You have the alternative of scaling up your investment holdings to a larger size. At that point, it quickly becomes a full time business. Which you have to be good at every aspect.