A few weeks ago there was a similar post that involved low carb ketogenic diets and making their own bread. 

This BiggerPockets classic covers every single step in the process that will make you a black belt investor and a wealthy individual.

@Brian G. in hanging out with many wealthy people (not that I'm there just yet) the best piece of advice I could ever give you is leverage your assets...

LOL.but of course there are plenty of very wealthy oil folks in those areas as well.

They told me they were working with wealthy individuals in the Northeast in markets where the purchase to rent ratios are much worst than they are in our market. 

BTW, a few years back, I live near Sacramento and I enjoyed attending the Capital City Wealthy Builders group.  

It's too risky until you finally have stability and consistent cash flow or become independently wealthy in your Investments.Why throw away what you have learned instead of being the best at what you do for work?

But wait a minute that means you are paying all of the profit to the bank and the investor and there's nothing left for you.There are very real costs (legal, accounting, marketing, pretending you're wealthy) to syndicating as pointed out above.

Explaining why money or being financially wealthy is not evil, and how it is a great tool we can utilize effectively with the right mindset coupled with the right actions.That's my two cents just because I tend to be analytical but more from a mindset/ perspective approach.. but we're really nit-picking.. the book is awesome.

He's never gone into financial ruin and is actually kind of ridiculously wealthy because of real estate.