17 year old looking for investing advice

1 Reply

I'm 17 years old.  I know that I want to have real estate assets as soon as possible.  I want to have as little debt as possible while going through college, and I want that to be due to investing.  I believe that my problem now is that I have no credit.  Pretty sure I have to be at least 18 to apply for a credit card.  So I'm just here asking for advice on how to get started as quickly as possible, in the best, most secure way possible.

Hi Hunter,

A few (10) years ago I faced the same problem. I had a checking account so I started with a signature loan through that institution for $500 over six months. I put that into savings, and then paid the loan back out of savings with an automatic payment. Once that was paid off, I waited a few months and took out a 4k loan over a year I think. Signature loan as well. Just doing those two small loans established credit for me and got the ball rolling. I was approved for my first home loan TODAY, and my credit scores played a large roll in that approval. Best of luck!

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