<prompt> Human: I was listening to an interview with Arnie where he talks about coming to the USA with his life savings of 27K in 1974 equivalent 135K today, and used it to invest in real estate. From that starting point he was able to become independently wealthy enough to be able to pick and choose his movie roles. Is investing in real estate units still a path to wealth? from about 00h:35m  <response>: Probably yes, done right. You just have to appreciate that you have to approach real estate as a business, and not as some passive investment. If you buy some houses and just hope they go up in value, that isnt going to make you very wealthy. Spend some time choosing the right properties in the right markets, put together a long term strategy, and then work with other investors builders etc to keep putting different types of deals together, and then Im sure it can be done. Im investing in RE today but plan to turn it into a bigger business later as I make more contacts and meet more investors. Im pretty sure it will work out. 