A safety net is fine in a wealthy society.

If long term wealth is your goal then getting a property with 10% cash return may be fine when you add in equity gain and appreciation, that's a personal call.How much risk can you deal with, how much work do you want to put into it (in terms of rehab and management), and what type of returns do you want to get will be the key things that should guide where and how you invest your money.

We don't know what changes will be made but my guess is it will never become better in regards to taxes so that is an item that needs to be taken into account as you try to create wealth. I

You can read it here, if you like: http://www.grantland.com/story/_/id/6874079/psychic-benefits-nba-lockoutThe point is basically that NBA teams are typically awful businesses, yet shrewd, wealthy business people buy them, so there has to be some type of intrinsic value or non-financial utility that owning an NBA team provides to the owners, otherwise all owners would sell and the league would eventually shut down.

I believe that there are enough deals / profit / money for us all to be wealthy.

Unless your a wealthy buyer its difficult to weather negative cashflow for long.

Item #3 can make the difference between never taking action and building a sizable wealth. I

I look up to these people and want to be like them, successful and busy and wealthy, and they just won't help me.Do all mentors just want money?

His mother is quite wealthy and she is going to "take care of things" for him.

On to another wealthy country today-Oman.