If you know how go from a thousandaire to a millionaire, you know how to manage money (rather than let your money manage you, as some lottery winners do and go broke).

My STR market recently implemented a weighted lottery to implement an .

Personal fave: SF insisting on buying and building “affordable housing” to the tune of $800k to $1 million per unit, for a few lower income (or homeless) people who literally win the lottery and get the unit at a huge subsidized price or rent.

All the while they are trying to figure out how to hit the "landlord lottery" from some rich (appearing landlord).

(I used to be one of them, lol)As far as tax liens go, here is my take...thousands of dopes went out yesterday and stood in line to buy a lottery ticket they have one in a 160,000,000 chance of winning.If all i have to do is find one homeowner in one of 50 states in over 1000or more counties in each state who will agree to sell me their house....my odds seem great in comparison!

, flip house profit (that you don’t use for a 1031 exchange), or lottery winnings (who gets that lucky?)

ones who get a pile of money dumped at their feet because they were born into a rich family or they won the Lottery, but almost 80% of wealthy Americans are 1st generation rich (The Millionaire Next Door by Dr.

It's almost impossible for a starting investor to get in unless you won the lottery, have a trust fund, rocked out an IPO (choose one.)But for those of us who are already players, accessing existing equity is a great advantage.

It's still a win-win, unless you're a retail investor in that company, but if you're dumb enough to invest in an SFR REIT that operates this way I'm just happy you're not out buying lottery tickets or high stakes roulette.

The only misleading part about DR is he talks so much about worrying about budgeting, paying down debt and passive investing for wealth...Meanwhile, he makes all his money from active investment...i.e. his business teaching this stuff.It works because his audience is a fixed mindsrt of "Oh, I wasn't born rich and haven't won the lottery, so I need to save save save until I retire and then I will be wealthy."