Skip to content
New Member Introductions

User Stats

1
Posts
0
Votes
Kris Kellermeyer
  • Texas
0
Votes |
1
Posts

I am 21 with $30,000 and no debt. Next Step?

Kris Kellermeyer
  • Texas
Posted May 22 2020, 21:44

I am a 21 year old with $30,000 of liquid money and no debt to my name, but currently I am living paycheck to paycheck. I have been learning as much as I can through the BiggerPockets podcasts and it is clear that real estate is the obvious answer to generating passive income. My problem right now is that my current jobs income does not qualify me for a mortgage on a house. Should i try to start a business and generate more income there? Should I just get a higher paying job and try to quit as soon as possible? Should I start a blog and document this experience as a whole? 

My main goal at the moment is to be financially independent by 30, so the next steps are to

Cut living costs (40%+)

Save more money

Learn everything i can through books and podcasts.

I am interested to read what everyone has to say about this topic!

Loading replies...