I saw a news piece the other day that wealthy people (at least they ones they polled) only consider themselves wealthy when they had achieved $5M in assets and 20% of that was in cash.

Of course in elementary school this is all taught with fun games with pictures and lighthearted competitiveness, but as they get older and more jaded, the courses get more serious and life-like.By the time they graduate "high school" they would be so aware of their financial surroundings that the advantage they had over those who went to "regular schools" would not even be fair.Imagine pitching that idea to young parents about your exclusive school for wealth? I

In all that time, I saw perhaps 1-2 things that worked well, but you have to be able to withstand many months in a row of reversal, and be well capitalized.The occasional reference I see in here to people consider forex, futures, stock or other trading to get wealth is about as wise as a person showing up on a trading forum discussing how to get rich in real estate.

I figure that if a seller's price is way more than I'm willing to pay, the possibility of reaching an agreement is very small.However, in years past while I was trying to build wealth, I was much more amenable to making offers far lower than asking price.

Well, a friend of mine (very wealthy) participates in funding some loans this bank makes.My current set of questions will revolve around what their lending guidelines are, what types of portfolios/properties/deals they'll lend against, if they have any bad assets/loans on their books they want to dump, and where/how a small fish like me can become a bigger part of the food chain.

It's so disheartening living in a state that has every conceivable industry, tens of thousands of acres of farmland that is blocked from use, and if it were a country could be one of the most wealthy in the world, yet the mismanagement by our state government for decades has cities rushing to file for bankruptcy.

I am considering approaching a few wealthy investors I know and giving them a proposition like this...Example, I buy a $400K home, which requires a $80K down payment.

Here, money is the bottom line, you have the opportunity to move yourself socially as you become more wealthy.

Shannon, The best rehabbers have become very wealthy flipping houses, and the worst have become broke.

You can certainly get wealthy but not by working 1 hr a week and watching your accounts fill automatically with money.Real estate takes work especially when you are starting out with little knowledge, no contacts and little idea of what a solid real estate deal really is.Another false image is that you can be buying properties with little to nothing down on a regular basis.