Bonners Ferry, ID 路 Member since 2016 路 23 posts 路 8 votes
Hey BP,
I'm 21 years old, and fairly new to bigger pockets. I am currently building a home from scratch to live in so I can borrow against it and build a rental business.
I'm just giving a shout out to anyone that makes 100k+ per year. I currently make about 50k per year and would love some ideas on how to increase my income.
I am currently making 22 bucks an hour working construction. I can operate several prices of excavation machinery +other exp. I am very experienced and can pretty much out do most people. (Not trying to brag)
I would love any ideas you have, from working more hours to moving away to make more! Just brainstorming.
Thanks in advance! You guys rock 馃槑
Thank you all for the great advice! Here I was thinking I should maybe look into changing careers, but the truth is I do enjoy my work.
Very encouraging!
I have talked to my boss about opening a crew I could manage in what I specialize in (excavation) and so I will keep perusing that.
And just for a little more insight, I currently live off 1/3 of what I make, and I'm pouring the rest in to my house project.
Any more advice and ideas will definitely be heard!
Thank you all once again, it's definitely bringing me some clarity.
Someone wise once told me that you can experience above average success in any industry by simply picking something that everyone else in that industry sucks at and doesn't want to do, and putting the time/energy/work/etc in, to get very very good at that one thing. It sounds like that may be excavation in your case.
Maybe you can do even better.
Maybe there is some hyper niche thing within excavation that everyone else shies away from. Maybe you put systems in place that make whatever it is that makes everyone else shy away from it not so bad (like some equipment, or a technique you develop), and you lean into doing that thing, and being THE expert on it, whatever it might be.
$0.02 from someone that knows absolutely nothing about excavation.
If you want to become wealthy you will need to concentrate 100% on building the business. Starting a business is hard work and long hours but if successful will far surpass investing in real estate. Once your business is successful you will have all the money you want to play around with real estate investing.
You do not need to invest in real estate if you are investing in yourself. You won't have extra money anyway since you will be pouring it back into growing your business for the first 10 years.
Bonners Ferry, ID 路 Member since 2016 路 23 posts 路 8 votes
9y
Michael Henry
Tons of replies on here and I'm now just sitting down with a pen to make a game plan on all of this advice.
I just wanted to thank you especially for the advice and encouragement.
Real Estate Consultant 路 Brookfield, WI 路 Member since 2014 路 873 posts 路 350 votes
9y
@Seth Johnson , you have no idea how much that means to me. Helping people succeed is a greater fulfillment than making money, in fact, it is a byproduct for me.