No. of Recommendations: 2
Well, it's a flip answer, but I guess the best way for a young person to have the opportunity to increase his net worth is by having good cash flow, otherwise called "making a lot of money."

In fact, cash flow becomes an issue for those at or near retirement age when you expect your income is going to go down soon, and you have to think about having a mortgage payment or not.

I think you had better do a whole lot more reading before going the real estate route. Prices can go up, but they can also go down, and you always have fixed expenses such as maintenance and taxes. And, the arguments about seller financing usually hinge on the argument that if you do sell at a profit, then your return on investment is big because you didn't put down much of your own money. That's all well and good. But suppose for the sake of argument you buy something for $200,000 and you have a first mortgage for $160,000 and a second, seller-financed one, for $39,999. So you have put down $1 of your own. Three years later, you sell for $200,101 net. So you have a $100 profit which is a 10,000% ROI. Would you do it?

I'm not arguing against real estate, and obviously many people have done very well by it. But it is no guaranteed source of riches.

On these boards, I suggest you read posts by TheBadger. Enter his name in the Author box at the bottom of the screen, then hit Find. Look for "Last 10 Posts", and hit Go. (I think you can change 10 to 99 if you want to.)
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