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Updated about 8 years ago on . Most recent reply

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Douglas Gasser
  • Glendale, AZ
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Help getting started

Douglas Gasser
  • Glendale, AZ
Posted

hello, so I'm 28 year old stock broker that recently moved to AZ from NY. We recently bought a house and things have been going good. I started my job about a year ago and while I make decent money,I feel like I should be doing allot better for my self and my family. I just kind of feel like I'm stuck in the mud so to speak where I just feel like I'm never going to get ahead at my current rate. Between the student loans, mortgage payments and vehicles repairs,I feel like I'm just making ends meet. I've read the book Rich Dad, Poor Dad and I feel like at this rate I'm in a similar position to poor dad...I guess my main question is if somebody had been in my situation where you don't have any type of a saving account to really live off of, what's the best way to start? I don't mind my job in short stints but I know I can't work in this type of environment for much longer. I'd like to start making changes now so that I'm prepared when I can no longer stand my job. If any body can relate, any insight will help greatly. 

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John D.
  • Rental Property Investor
  • Allentown, PA
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279
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John D.
  • Rental Property Investor
  • Allentown, PA
Replied

Welcome to BP @Douglas Gasser.

Have you considered renting out rooms in your current residence?  You may be able to have the folks that rent the rooms essentially pay all or at least a large chunk of your mortgage.  In my opinion, this option becomes harder as we get older.  Save up money from the 9-5 and think about what your next investment may be and make that your goal!

Hope this helps.

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