I have said this many times. You will not get rich in the stock market, you will get reasonable rates of return over time but people who are wealth generally do not do it that way. Wealthy people are wealth because of 1 of 4 things.
- They inherited it (Rockefeller)
- The owned a business (Gates)
- They did it in real estate (Trump)
- On they invested systematically for a long period of time in the stock market.
I have invested in real estate probably for over 20 years. Understand investing in real estate and buying a property to live in are not the same things. When you buy a property for yourself, generally when you leave that property assuming you were there for a fairly long time, you will recover your costs. This includes interest, principal taxes and upkeep. What I am referring to is having an investment property that is rented out which is entirely different.