Not College Educated. Need more Earned Income
I make okay money at my job but it’s really just grunt work making 19.50 an hour as a construction worker. I didn’t graduate college so I don’t really have any formal education so I just sort of feel stuck. I want to be able to invest but it just seems like hoop dreams.. like a long shot with my income.
Anyone have any suggestions as to a field where I can rake in some dough with some hard work so this stuff even feels the least bit plausible.
Most Popular Reply
Don't sell yourself short my friend. You are in the field that juxtapose to RE investing. Here is my question to you. Are you good enough or experience enough of a construction worker where you can build your own house if you wanted to? If yes, then trust me you can do this.
As a construction worker you have the skillset to see and know things that the average Joe like me don't. You can see if work done on a house is up to code or not. You can rectify shoddy carpentry or shoddy plumbing without having to pay an arm and leg to contractors.
If I were in your place, I would stay with my parents or a roommate where I am paying little to no rent. I will live on rice and beans, beans and rice. Every money that I don't use to stay alive is being put away. Then, once I get up to 10K in savings, I will either buy a dilapidated house for under 10K or put a down payment on a house worth that much. I would weekend warrior it until its livable. Rent it out. Go to local bank to do a cash out refinance so to take out the increase equity you put on the house and use that money for my next flip and rent.
You are in a better position than a lot of people out there buddy. Take advantage of it. You don't need to go to college to be successful in REI.