Discussions on stocks and real estate as a great way to build wealth were discussed there.
My own comments to expand on this:
- Stocks remain to be a good vehicle for either active or semi-passive investing, PROVIDED, that you know what you are doing, or at least guided by someone who has aligned interests with you that are experts in this stuff. Blindly putting in your money because some hot stock tip told you so is WORST way to make money.
- Your own house can serve as the foundation for your wealth, especially in markets/locations where infrastructure is improving and business is growing. A good indication is when people are starting or are continuously moving into your neighborhood. The price increase on your house will likely outgrow your loan over 5 to 10 years, and you can borrow against the property again down the line.
These post will be updated with comments from other Meetup members.