1. Buy property if you can and live in an area with cheap property. I bought my house for 129k as a foreclosure 13 years ago and it’s worth 350k now and startin

1. Buy property if you can and live in an area with cheap property. I bought my house for 129k as a foreclosure 13 years ago and it’s worth 350k now and starting to sky rocket again. If you wait until you need more space you are at the mercy of the market. 2. If you want to make money focus on management not development. 3. Have a back up plan. I have a back up career as a part time job that has, at times, become my primary job.