Other, thanks for reading. On the first point, the goal is to convert earned income into assets. You need income to do this (from a job or a business), but it is not having a high salary that builds wealth, it must be converted to assets. Most high salaries get converted to cars and other luxury items that don’t build wealth. On the second point, we have discussed this before. My position is that because the ROI on a home purchase is often negative or maybe slightly positive, it is not an asset that builds wealth. Owning a home is like a forced savings account and the economics are similar. You can’t get rich by putting your money in a savings account or a home. It can make more sense than renting in many cases, but that doesn’t mean it builds wealth effectively. I’ve been running the numbers on a potential move to Houston, and I would be significantly better off renting than buying based on the rental and purchase prices and my ability to generate high rates of return with that down payment I am saving. Who wants to tie up over a hundred thousand dollars into something that returns essentially zero? I would rather rent and buy a couple of rental houses and make hundreds of thousands of dollars as others pay the expenses. The difference to my wealth is not even close, it is orders of magnitude better given the circumstances. But buying a home makes sense for others based on their circumstances, there is no one right answer. That is how I look at it, and one of the best financial decisions I have ever made was to take the nice house I lived in and turn it into a rental. I’ve done that a couple of times, and each time it boosted my wealth considerably.