Good listen.
"...You make money during the day, you build wealth in your sleep. Thats why they call making money during the day, making a living. Most people are obsessed with making a living, but not necessarily a life.
You build wealth in your sleep, stocks, bonds, investments, home ownership, small business ownership, I believe education qualifies for that. You build wealth in your sleep. It's a compounding mechanism."
** Not my quote - It was in the video.
More notes from video:
https://www.arielinvestments.com/ - Black owned investment company.
Buy the worst house on the best block in a working-class neighborhood. Near jobs, transportation, economic activity and commerce. (Hospitals, universities)
Buy it, rehab it. hold contractors accountable - weekly updates
Use HELOC (could be tax deductible) or use a bank to get a mortgage/construction load to buy home and rehab - Rent it.
In 2 years, take equity from the home and buy a 3rd home in same area (nothing fancy) and repeat.
** I like the mortgage/construction approach. If you can avoid placing your primary in the bank's crosshairs, do it.