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Let's say your residence is worth $400,000 and your equity is $60,000. Let's pretend you use a real estate agent who charges the customary 6% commission. Even is your sells for your value, you'll end up paying the agent 24,000. There goes 40% of your equity. There goes a good chunk of real, hard cash that simply can't be recouped.These same executi

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I recently checked the Forbes Rich list in the wealthiest Americans. I could not help but notice the pattern of wealth creation; almost all the wealthy individuals were entrepreneurs or off springs of entrepreneurs. Secondly, they derived their wealth from owning or within real estate, technology companies, stock market, manufacturing, entertainmen