Invest all savings into real estate or diversify?
Hi all,
So I just read Scott Trench's "Set For Life" and started questioning how I should approach real estate. From what I gather, I am coming to the conclusion that I ought to take all of my extra resources and apply it to real estate. In other words, after I have paid for my necessities such as food, housing, transportation, entertainment, etc., I will take all of my savings and put it into real estate instead of into an IRA, 401(k), etc.
Now, I am still in college and have yet to get a decent paying W2 job so I am still searching for the best way to invest my future income. Does the approach of spending all of my extra income on real estate a good idea or should I diversify some income into different retirement strategies?
I know that it will take awhile before I can invest in my first property due to student loans so I feel as though I should start aggressively saving for my first property and perhaps consider another route afterward.