What advice do you wish someone had told you at 21 years old?
Doesn't have to be real estate related! I just want to hear what life's big lessons have taught you, and how I can learn from it.
Some of my background:
- I live in Las Vegas, NV
- I have a girlfriend
- I read a lot and I try to go to as many RE events as my schedule allows to network
- I currently save 25% of my income ($500/mo), and next year I plan to cut down on food, rent, and car ( I've heard about the book "Set for Life" and I'm planning on reading it soon! ) in order to save close to 50% after my promotion ($1500/mo)
- No debt, $500 emergency fund. I want to build it to 5k.
- 750 credit score, never missed a payment
- I'm thinking about buying a 4b house next year, living in one bedroom and renting out the other rooms to friends at $500 each. However, Vegas market prices are high and I'm hearing some local investors say that we're starting to enter a recession. Some thoughts?
My goal is financial independence and real estate is my ticket to wealth. Buy and holds will be my bread and butter, and I eventually want to move into multifamily. Any and all advice is appreciated! It doesn't have to be real estate related! Thank you! (: