19 Years Old - What should I do to start investing ASAP?

Question

Account Closed · Answer

Get a job, and stack some cash. The information is out there, and free. Short of a specialized career field, college is a waste of time and money.

Chris Szepessy · Answer

It's already been stated, but work hard, save money, and be careful with student loans. I know plenty of people with 4 year degrees working at restaurants because their field of study wasn't in demand like they hoped it would be. Having $100,000 worth of debt to only make $40,000/year doesn't make a whole lot of sense.

You could try finding a job working for a property management company to "learn the ropes" of being a landlord.

Good luck! I wish I had started when I was 19.

Kevin Martin · Answer

Find something you enjoy to do where you can earn a good living and start from the bottom. Key being something you enjoy or have a lot of interest in. Every path to success is hard so if you choose something you like then you have a higher chance of staying on that path. Investing, especially at first isn't going to keep the lights on so you need to get a job for some cash flow and you can start investing small as you go.

College is an investment just like anything else. Pick a degree and weigh your options with what it's going to cost you vs what your earning potential can be. Be conservative with this....student loans suck! Some of the most successful and influential people in history had absolutely no education. Practical real life education is what is important and you can get very easily. Good luck!