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money people deal

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the Internet. We need to have a strong base of real estate wealth because, unlike high-tech companies like Myspace.com, real estate is a primitive, slow, and stable way to build real wealth.

Action Step: Evaluate your current financial situation. Do you have money, wealth, or neither? What resources do you have at your disposal to build wealth? Do you have an underutilized RRSP or 401(k) retirement account or home equity line of credit? How much monthly passive income do you need to achieve wealth and stop working?