The reason you keep hearing references to controlling spending is because of simple math:Income-expenses=savingsSavings is what builds net worth, through investing.People say increase income, but no matter how high your income, if your spending is greater, you will go deeper in debt.That is why there are movie stars, athletes and lottery winners who go bankrupt.

The greatest risk I see is a number of the EU countries are bankrupt, Turkey, Italy, etc.Should we see an event, liquidity will dry up.  

If some "advice" on here that you can't make money in California or that D rentals will bankrupt you makes you sad and discouraged, then that's probably a good thing.

Many landlords will go bankrupt if they try to terminate their tenants tenancy in the next few months and many landlords have tenant leases where they cannot kick their tenants out.

Dave also went bankrupt off over-leveraging his properties back in the 80's.

She is scared to death of some issue that will somehow bankrupt us. 

But your bank will foreclose on YOU in a heartbeat and resell your property to some close-connected chrony.The big will get bigger while the rest go bankrupt

He also apparently went bankrupt buying real estate early in his life. 

A lot more people would be willing to strike out on their own and try innovation if the pesky problem of being bankrupted by one illness was eliminated.

I am wondering if others are in the same situation, or if everyone is just offering legal advice, as we should all listen to cover our bankrupt asses.