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Not minimum-wage, no. More likely a lawyer (or banker or doctor or programmer) earns $100k+/yr., invests in real estate, and ends up a real estate millionaire/b
by lkbm 12y ago
Not minimum-wage, no. More likely a lawyer (or banker or doctor or programmer) earns $100k+/yr., invests in real estate, and ends up a real estate millionaire/billionaire.
When you look at the end millions, the initial few hundred thousand seem inconsequential, but it's a lot easier to get there if you can invest $100k/yr rather than from $5k/yr. (Saving $5k/yr while earning minimum wage is difficult. Saving $100k/yr. while earning $150k/yr., not so much--assuming all these earnings are after taxes.)