The richest folks I am tight with are ALL real estate wealthy initially, now some trade succesfully but RE is the core asset.
Ha, I am not surprised. But I bet far more traders go BK than dry cleaners. Right location and follow the system, dry cleaners will make money--- the financial markets are in a state of flux constantly-- sure, I love to trade but realize that without OPM or massive personal resources the odds of hyper success are nil to astronomically small.
Can I check something: is it true or false that RE is used to store value, after money is made? Or am I getting it completely wrong?
Say in passing: in trading, many are called, VERY FEW chosen. Also, the trading market does not discriminate : your dregrees , education, intelligence, your capital does not count when it comes to getting it right. BUT if you can get it right, seriously, trading is the best way to make serious money. Yes it is worth it, Yes it requires stuff that many will not do ( including psychology to remove the blocks to success in trading). Time to check some stuff, before dinner.
C'mon, it's just another small business, which if the owner can expand and make good, he can make him or herself well off. If they do really well, then more wealth will follow. I don't think there's anything special about dry cleaning per se!
Trading is a small business, which like any other business you can go bankrupt doing or you can scale/expand to make billions or like most small businesses, you can make a v reasonable amount of money.
with all due respect, this subscribing nearly supernatural power to the markets-- "few are chosen" is a sure way to the poor house. peace, surf
'few are chosen' in any business though...80% or summit new businesses fold in the 1st year or five or summit...