Hello everyone, I’m currently a junior in high school. I would like an asset amount of 100 million(not necessarily net worth) around my 50s-60s. I plan on starting to invest in RE ASAP! Most likely around 20-21 if not sooner(as I have heard 2 years of work experience is needed to secure most loans). I would just like to get you guy’s thoughts on this topic as I don’t see many people talking about 9 figure portfolio goals. Thanks for any input you guys have, stay safe everyone :)
Sure why not. But let's learn how to crawl before we run a marathon.
1. Lets get to $10k which will teach you how to get to $50k
2. $50k will teach you how to get to $100k
3. $100k will teach you how to get to $250k
4. $250k to $500k then to $1m.
Each accomplishment will teach you how long it took to get there, what skills you needed, and how much work to accomplish each level.
Lofty Goals are good and you always want shoot for the stars but tangible short term goals compounded = results. It's all about action and making it happen. Best of luck on your journey!
@Erik Whiting your points are very true. Of course I want financial freedom, give back to family and charities, and splurge on the finer things in life at times. Thanks fo your input!