QOTW: What advice would you give your younger self?

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QOTW: What advice would you give your younger self?

Alicia MarksPro Member
Fort Worth, TX · Member since 2020 · 1k+ posts · 2k+ votes

If you have not seen the release of Dan Sheeks' new book, "First to a Million", grab it ASAP! He is going to be doing an Ask Me Anything Night in the forums next month that you will not want to miss!

In light of this release, I thought we could share the bit of advice we wish we had as a teen or young adult. This could be to yourself, your children or extended family, or any young person in your life. Share your knowledge for our young FIRE and RE members!

[email protected]Podcast Guest on Show #204
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Michael E.Pro Member
New to Real Estate · Saginaw, MI · Member since 2021 · 89 posts · 115 votes
4y

Don't limit yourself or your beliefs just because you don't want to leave your friends/family behind. Be phenomenal and you will attract phenomenal.

44Reply
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  • Account Closed
    Member since 2021 · 217 posts · 190 votes
    4y

    To buy more property back then when the markets were actually reasonable. Buying property now in 2021 is comparable joke in terms of returns/valuations. 

    14Reply
  • Michael E.Pro Member
    New to Real Estate · Saginaw, MI · Member since 2021 · 89 posts · 115 votes
    4y

    Don't limit yourself or your beliefs just because you don't want to leave your friends/family behind. Be phenomenal and you will attract phenomenal.

    44Reply
  • Andy RouschPro Member
    Investor · Mt. Arlington NJ · Member since 2018 · 251 posts · 143 votes
    4y

    Instead of college go for certificates. Much more affordable and straight to the point of a profession. (unless of course certain professions definitely need a degree). And use that money saved on schooling to purchase more properties. 

    22Reply
  • Karl B.
    Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
    4y

    -Don't be afraid of failure

    -Buy real estate

    -Multiple streams of income is ideal

    -Hobbies can become very good businesses

    -Never settle

    31Reply
  • Joe SplitrockPro Member
    Moderator
    Rental Property Investor · Sioux Falls, SD · Member since 2015 · 9k+ posts · 18k+ votes
    4y

    Real estate will always seem expensive and risky. Given time, it always appreciates in value. Buy as much as you can, as early as you can. Buy in the best locations you can afford and borrow money to buy it. 

    44Reply
  • Brandon RushPro Member
    Real Estate Agent · Portland, CT · Member since 2019 · 761 posts · 849 votes
    4y

    Constantly put yourself in the presence of those those doing doing better than you. It will only pull you up.

    Podcast Guest on Show #221
    37Reply
  • Matthew Irish-JonesBusiness Member
    Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
    4y

    @Alicia Marks to buy properties in very good shape. Construction is complicated and risky and takes years of experience.

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    16Reply
  • Account Closed
    Rental Property Investor · MD · Member since 2021 · 15 posts · 21 votes
    4y

    Hard work can make your dreams become reality. Anything is possible through hard work and sacrifice.

    11Reply
  • Matt M.
    Specialist · Easton, PA · Member since 2018 · 1k+ posts · 2k+ votes
    4y

    Skip the 1st wife and go straight to the 2nd!

    Start buying properties as soon as you can and don’t stop!

    37Reply
  • Wesley B WilliamsPro Member
    Rental Property Investor · Louisville, KY · Member since 2017 · 107 posts · 77 votes
    4y

    Take action! That’s the best way to learn and the only way to succeed!

    17Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    4y

    @Alicia Marks GO FOR IT. ONLY LISTEN TO PEOPLE IN THE GAME.

    18Reply
  • Stephanie Althouse
    Investor · Philadelphia, PA · Member since 2021 · 9 posts · 26 votes
    4y

    Networking will be important no matter what business line you jump into but there's more to it than that in REI- building relationships in real estate is crucial. I'm quickly learning that in hot market times such as this, good and honest professionals may be harder to come by (demand is there). Build your team and treat them like gold, and they'll do the same in return!

    21Reply
  • Kevin Douglas
    Investor · Bend, OR · Member since 2019 · 61 posts · 68 votes
    4y

    Buy Bitcoin!

    26Reply
  • Todor Ialamov
    Real Estate Agent · Burlington MA · Member since 2018 · 113 posts · 142 votes
    4y

    Real Estate investing business is a great career. Start as early as possible. Get your license and become a great agent. Save money and invest in properties and relationships. Being an agent will also broaden your networking and this will be your biggest asset.

    11Reply
  • John MorganPro Member
    Rental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
    4y

    To not listen to Dave Ramsey. And leverage to build massive wealth.

    12Reply
  • Eron A.
    Member since 2018 · 88 posts · 43 votes
    4y

    start at 16yo building your net worth. get as much money as you can as quickly as you can. get a job ASAP. get a credit card ASAP. buy a house ASAP. buy a house every year, and rent your old house out. when you get 10 houses, you can retire.

    dont help people until you can help yourself. your responsibility is to the family you create and to yourself. anyone else you help is out of the kindness of your heart. people will use you. its your responsibility to not allow them to use you. stay away from people that reject your help, but seek to use you. giving people money is NOT help. give people help, not money. youll give them all your money and all your money will be gone and they will still be in the same position. dont help people that dont help themselves but understand some people are in genuine situations b/c and they are so down and out that they wont help themselves...and you might need to push or inspire them. depression is just sadness. live your life a certain way to avoid it.

    whew!

    be a man. being a man is about stand on principles...certain principles. honesty, mercy, love, decency, etc. these are what really make you a man. dont bend dont fold. dont let anyone tell you different. people will hate you for being this way, but thats ok. they only hate it b/c they cant break you. oh yeah, be unbreakable...especially thru all the hate. get close to God. not sure how? well, being completely honest even when nobody is looking is a good start. honesty will get you trust. where there is no trust, there is no honesty. trust is important so honesty is even more important. what if you couldnt trust that next stair you were about to step on to hold you up. what if it failed 5% of the time. youd never make it up those stairs i bet. this is why trust is important...but complete honesty...which is what gets you trust....is even more important.

    wheww! ok, im tired.

    29Reply
  • Ricky Dorn
    New to Real Estate · Fontana, CA · Member since 2020 · 14 posts · 25 votes
    4y

    I read Rich Dad Poor Dad when I was in middle school because I knew I wanted to be rich. My reading and comprehension wasn’t the greatest and after reading it I didn’t walk away with much, simply because I didn’t quite understand everything. I didn’t read the book again until this year at 33. I would tell middle school myself to read that book yearly until I understand it, and find someone to help answer the question that I had. 

    21Reply
  • Jabbar Adesada
    Rental Property Investor · Beaufort, SC · Member since 2020 · 119 posts · 98 votes
    4y

    @Alicia Marks

    LEARN SALES, instead of working at a fast food restaurant in high school sell stuff and work on commission during the summers! SALES SALES SALES

    21Reply
  • Steve Iacobbo
    Investor · Rehoboth, MA · Member since 2016 · 15 posts · 8 votes
    4y

    @Alicia Marks. Fear less, try more things.

    7Reply
  • Max T.
    Investor · Philadelphia, PA · Member since 2015 · 3k+ posts · 3k+ votes
    4y

    @Alicia Marks

    Keep buying.

    Don’t sell.

    7Reply
  • Billy Daniel
    Rental Property Investor · Russellville, AR · Member since 2014 · 684 posts · 509 votes
    4y

    Read Rich Dad, Poor Dad while in high school.

    House hack your first purchase.

    Marry the same woman!

    10Reply
  • Dell J.
    Member since 2010 · 210 posts · 158 votes
    4y

    My advice to to my younger self do more, buy more.

    4Reply
  • Brandon States
    Rental Property Investor · Cleveland, OH · Member since 2018 · 60 posts · 49 votes
    4y

    Start investing earlier!

    6Reply
  • Deren Huang
    Real Estate Agent · Tulsa, OK · Member since 2016 · 408 posts · 242 votes
    4y

    Looks like a great book for teenagers. My kiddos are only 2.5 and 8 months!

    I would say to myself that you can do a lot of things in real estate alone but having partners and doing JV's can really explode your growth.

    3Reply
  • Account Closed
    Real Estate Agent · Brentwood, CA · Member since 2021 · 34 posts · 21 votes
    4y

    I would have told myself F#%K college from the beginning, waste of time. Find a mentor, read a lot of business/ real estate books, network more. College wasted my damn time lol. I could have played so many death metal shows, save money to invest in real estate and get tatted tf up lol instead of wasting $400 on a single chemistry book for a semester and studying useless stuff. Nothing really beats real estate and it's fun! 

    4Reply
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