MMM has at least two rental properties and is a phoney.
He can teach his kid to be a rentier by borrowing long and taking advantage of the separation between the value of labour vs assets when fiat money is over-issued by private banks.
And how to run a web-site about being frugal whilst deriving rental income from three families who cannot save because they are busy working hard to keep MMM pumping out half-truths on the internet.
Can we all take up three times as many houses as we need and live off the rental income siphoned off from the labour of others? No.
He can teach his kid to be a rentier by borrowing long and taking advantage of the separation between the value of labour vs assets when fiat money is over-issued by private banks.
And how to run a web-site about being frugal whilst deriving rental income from three families who cannot save because they are busy working hard to keep MMM pumping out half-truths on the internet.
Can we all take up three times as many houses as we need and live off the rental income siphoned off from the labour of others? No.