Building wealth through real estate is an effective strategy that involves purchasing assets during recessions when prices are low.

“You wait for recessions, when something drops 40%, buy it. Yeah. Just wait. It's going to come back up that 40%. You just made 40%. It's just not now. Just wait, you know, 4 or 5 years.”

In order to prosper, individuals must transition from being consumers to becoming owners of assets.

“The first thing you should do is stop being a consumer and become an owner. I mean, you and I both know that's not what most people are. If you own an Apple phone and you don't own Apple, that's a giant mistake.”