Rental Property Investor · San Diego, CA · Member since 2018 · 242 posts · 234 votes
Devyn’s started saving for 4 years and now has appox $10k...
How did she do it?
Bucket 1 1/3 $ goes to spending
Bucket 2 1/3 goes to saving
Bucket 3 1/3 goes to investing
For example she bought 2 shares of Facebook @ $18 which now worth $440. Dad also match’s dollar for dollar everything invested into bucket #3 until age 25.
Here are my 3 tips to get started
1 use the 3 bucket rule get to $10k
2 look out of state for cash flow. She picked Indianapolis
3 build a local team. We have a real estate agent and a banker
What are you going to teach your kids about 💰 and buying 1st property?
This is killer stuff! I cant wait to start teaching my son about money as he gets older. Luckily hes not even two yet so I still have some time haha. By then I plan to have enough OOS deals under my belt that Ill have some valuable insight for him. I'm really excited about the idea of putting a deal in his name with a 15year loan to take care of some of those future expenses like college.