All Forum Posts by: Matt DuSold

I talked to a guy today and he basically just left the house he was in. Yeah he has other reasons but he could have stayed in it and could have paid it but wanted out of the house and area.

He has 2 loans on the property and is making a pretty good salary while living in a house on the other side of the valley. Now I understand banks "reserve the right to ask for money" for the difference after it has been shorted, correct? Will this be pretty likely if they guy is making a pretty good salary and the home is way upside down?

Sorry I am new to this, but I am getting better! It gets easier every time and then I got bombarded with questions, haha. Thanks guys!

I agree Will I was hoping it was the freeway series too!

Although I hate the Yankees I love Joe Girardi, he taught me how to catch when I was young so I will always want him to succeed.

If you are talking about just postcards and mailing, I get 5000 postcards for 200 dollars and then a stamp is 28 cents.

Like you said it really depends on how many you send out. The cost of my cards getting sent out is about 100 dollars a week and I send out 60 cards a night. If you want to get real technical you can add in ink and labels and what not so probably just over 100 dollars. But thats for me... I dont know what everyone else is doing.

If you do want to get postcards let me know its the cheapest I have ever seen them and they are great quality. I also have a card for someone who I refer they and I get 25 dollars off! For anyone who is interested PM me or if you want the company name PM me. I dont want to have a violation... I dont think I made one... sorry if I did.

Yeah Ive thought about that. I usually save as much money as I can. Right now I will save every dollar I make because I am living with my dad (real cool I know, but at least its free!). I just know when I move out there are going to be bills to pay for the first time in my life.

I was thinking something like saving 50% and then maybe a little bit for spending and at least 40% for living and putting back in the business. Who knows I guess thats really just where it depends on your situation...

Haha no I know Rich. I thought you meant more as a dedicated hour or something like that. Facebook is kind of an anytime feel free to message sort of thing. Thats what I meant by that. I think this is hard to explain by typing...

All in all great idea!

I love it Rich!

I was also thinking (showing my 22 years) something like facebook? You have to be friends with who you can talk to and have the option to turn on or off.

Just throwing it out there I think it would be very helpful but I dont know how much the the big guns like Rich, MikeOh, Nick and Will would want us newbies peppering them with questions :D

So maybe Rich's idea is better...

I dont know all that much about Rich Dad Poor Dad so I can not speak so much to it but I can share my side. And I know most people on this forum will agree.

You need to get a mentor that does what you want to do. I found one (here on BP) I talk to him almost everyday. I do help him out but he is teaching me TONS and any questions I have he always answers. Not only does he not cost 10k (Or whatever RDPD costs) but I get paid while helping him! Maybe its just be but if I know the person who is helping me is very successful at what I want to do and I am getting paid to learn how to do it the exact same way it is better then paying at least 10k to learn.

Question for Rich, or whoever wants to chime in as well.

Step 2 spending habits. What would be your advice for a young investor like me on spending habits. I do save almost all the money I make, some of my friends think its crazy how I rarely spend money. But I will obviously have more money coming in that will increase the urge to spend especially because Ive never made more then 11 dollars an hour.

So do you have a figure or percentage you would put in savings (or whatever) and and a figure or percent you put back into the business. I know you want to save as much as you and its a personalized thing but I am just curious if you have a model you feel young investors should implement.

This is very important. I have already done this but for anyone who hasnt they should. Even if you are already very successful make bigger goals and write them down. Think and Grow Rich was a very big influence on me and for anyone who hasnt read it yet, you need to.

I agree with Megan. You say a type 1, which was every investor at some point in their life, should not become an investor? I know many people on this board have become very successful with real estate and some have completely changed their life because of it.

Even further you say...

Well this post counteracted with one person (me) because you just made me even more hungry for success. I had my first small taste of success today but will make sure I don't become one of your statistics.

I dont want you to think this is an attack on you I just really dont like people who try and take other peoples dreams away from them. I believe anyone who takes the right action and gets the right education can do anything they want in the business world. And with the amount of people on this forum itself to mentor young investors and the knowledge on this site I think anyone can get to a "Type 4 or 5".