Reply to So, how does one stop being a "wage slave"?

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[quote=Anonymous]I've already conceded to you people who lack inquisitive minds or a broad overview of the world around us should purchase an index fund in doing so passively invest in the market. However for those desiring to create generational wealth will not achieve those goals by purchasing shares in such funds.

Perhaps our difference in perspective is a result of where we have found success.  For me entering into commercial real estate sounds frightening. People lose money in real estate. Today six years later many people remain underwater in their mortgages. During these past several years literally millions of properties have been foreclosed upon. A small investor can be wiped out by renting to the wrong people who tear walls or refuse pay rent requiring years of court battles. How long could the average person pay their mortgages and legal fees while trying to evict a non-paying potentially destructive tenant during a lengthy court battle.  This scenario is not damaging to a large corporation with thousands of units because the law of averages is on their side and they have legions of attorneys on salary.

However, for small scale investors the real estate market seems far too treacherous with far many more opportunities to fail than to succeed. [/quote]

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