Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

17
Posts
2
Votes
John D.
  • Stockton, CA
2
Votes |
17
Posts

I need help on Investing at a Young Age

John D.
  • Stockton, CA
Posted

Hello my name is John, and over the last couple months I have been saving all my money earned from working a part time job at a pizza place. I now have 6000 Dollars in my savings. All my money is in cash, I recently stubbled upon investing and am really interested. I am reading books such as rich dad poor dad.

The only problem is that I HAVE NO IDEA HOW TO START. Being 16 there are some limitations. Does anyone have an idea what I could be doing? Investing wise. Should I just keep saving until I'm 18 and invest in Real Estate?

I would really love to have a mentor

Most Popular Reply

User Stats

319
Posts
103
Votes
DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
Votes |
319
Posts
DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Replied

@John D. --good for you!  In my market, 6k is about 1/2 way to a down payment on a single family home.  I am sure that in California, you will need to keep saving unless you work on some of the no/low money down strategies.  If you can keep saving for a couple more years until you are out of school and can work full time, you will have a tremendous head start on 99.9% of investors.  

keep on learning, keep on saving!  If you do both of those, i would be that in the next couple of years, you will be more than ready to get started!  

Loading replies...