All Forum Posts by: Adam Eldaoushy

Quote from @Tony Huynh:

Hey Adam, also 20 and on a similar boat with you too. Here is exactly what I am doing right now

I started with personal improvement books such as Atomic Habits, How to Win Friends and Influence People, Can't Hurt Me by Goggins, The Intelligent Investor,...I do believe it's important for me to set out a good mindset, good habits, and a good work ethic before doing anything. After that, I then moved on to the Rich Dad Poor Dad series and other financial books. 

I am very positive with courses, after reading Rich Dad Poor Dad you will see why as well. I am also very interested in learning more from you about LLC too. Let me know if you want to connect and talk more brother.

 Hey Tony, I have taken the same path. I have read those as well, except for Cant Hurt Me, and I loved them. I'd like to connect as well man!

Quote from @Joe Villeneuve:

Take the same approach you would if you were going to college and getting a professional degree.  Keep this in mind.  You are about to become responsible for multi millions of dollars and more.  Not just your money, but others too.  Let me ask you a question.  Would  you want your Dentist to learn how to pull teeth by reading from the internet and taking notes?  How about your plumber, electrician, or a pilot?  Those courses you don't want to take, shouldn't be discarded.  

So do you recommend the courses available on this platform? Or is there another platform/pathway that you know to be credible 

Quote from @Joe Villeneuve:

Quote from @Adam Eldaoushy:

Quote from @Joe Villeneuve:

Two things.

One, the best and most important books you can read, and know, are Geometry and Algebra.

Two, your statements regarding your learning style tell me you don't have the patience to learn properly, sorry, but reading and taking hand notes will only get you in trouble.  Your not gathering knowledge that way.  What you're gaining is information.  Information is what you add to knowledge, not how you grow it. 

Thank you for the recommendation. I respect your input and opinion, however I do believe it’s unfair to state I don’t have the patience to learn. I just prefer reading and taking notes over watching videos. Id like to accumulate information then apply the lessons I’ve learned to real world scenarios. Yes I will make mistakes but that’s what truly teaches you the most in my opinion. I’d prefer to spend 500 dollars on multiple books rather than on one course. 

 
I appreciate your input. 

That will end up costing you thousands and thousands of dollars that way.  You may prefer to learn that way, but what you not learn is what you need to know.  That's how all the info goes together, and what info you're missing.  The Cliff Notes approach is not the way to make this work.  It's a shortcut, and it doesn't work.

What do you believe is a better approach? I’m usually used to approaching learning this way, but would appreciate advice on taking a different route. 

Quote from @Joe Villeneuve:

Two things.

One, the best and most important books you can read, and know, are Geometry and Algebra.

Two, your statements regarding your learning style tell me you don't have the patience to learn properly, sorry, but reading and taking hand notes will only get you in trouble.  Your not gathering knowledge that way.  What you're gaining is information.  Information is what you add to knowledge, not how you grow it. 

Thank you for the recommendation. I respect your input and opinion, however I do believe it’s unfair to state I don’t have the patience to learn. I just prefer reading and taking notes over watching videos. Id like to accumulate information then apply the lessons I’ve learned to real world scenarios. Yes I will make mistakes but that’s what truly teaches you the most in my opinion. I’d prefer to spend 500 dollars on multiple books rather than on one course. 

 
I appreciate your input. 

Quote from @Chris Wilson:

@Adam Eldaoushy Real Estate by the Numbers by J Scott and Dave Meyer is a good resource for some money/investing concepts. I will probably be giving copies to my oldest grandkids as some of the concepts extend beyond real estate and they explain them well. 

 Great! Will be picking that up as well, thank you so much for the advice.

Quote from @Joe Funari:

@Adam Eldaoushy read Rich Dad Poor Dad by Robert Kiyosaki is a great one to start with. But also suggest reading his Cashflow Quadrant book after as well. Great reading that struck a cord with me and pushed me to become an REI. I would also suggest you find a local REI club where you live. Attend meetings, network with other investors. You can learn a lot at these meetings as well. Hope this helps.

Hey Joe, thanks so much for the advice! I have read RDPD and loved it, never checked out his cashflow quadrant book yet so I will be picking that up. Also picked up "The Book on Rental Property Investing" by Brandon Turner if you have heard of it. Thanks again!

I'm a 19-year-old college student, but luckily enough I have an LLC already and have saved a good chunk of capital from my business to start investing. However, before diving head first, I'd like to educate myself. I learn best by reading and taking hand notes, I don't believe a course is the best fit for my learning style.

So, I would like to hear any recommendations of the best books to help me build my knowledge and develop my investing strategy. Budget is not an issue, just looking for the best possible resources.

I'm a 19-year-old college student, but luckily enough I have an LLC already and have saved a good chunk of capital from my business to start investing. However, before diving head first, I'd like to educate myself. I learn best by reading and taking hand notes, I don't believe a course is the best fit for my learning style.

So, I would like to hear any recommendations of the best books to help me build my knowledge and develop my investing strategy. Budget is not an issue, just looking for the best possible resources. 

Heads up I used chatGPT to help clean this up a bit so I don't sound like an idiot, I don't actually talk like this:  

Hey everyone, I'm Adam. I'm 19 and currently a student at SDSU. When I first got into college, I didn't really know what I wanted to do. I was always good at math in high school and liked business stuff, so I just went with Finance. When I started at SDSU, I quickly figured out that partying wasn't my scene. That left me kind of bored, not knowing what to do with myself.  I started to really get into finance and look into alternative investments too.

During my first and second years, I worked two jobs, saving every penny I could to help pay for my tuition. A couple of months back, I decided to take a risk and start my own business. Luckily, it's been going well. I’ve managed to save almost all the profit from my business because I’ve been wanting to get into real estate for a long time.

I’m the kind of guy who likes to jump into things headfirst, which is why I wanted to join this community. You guys have a ton of resources and tools that I think can help me reach my goal of buying my first property by the end of the year. I know this isn't some get-rich-quick scheme. I want to do this right and set myself up for success in the future. 

I’m looking forward to connecting with as many of you as I can. I’m also on the hunt for a mentor. I'm totally up for doing any kind of grunt work in exchange for some real-world lessons that you just can't get from Googling.