All Forum Posts by: Jason Chung

@Roy N.

My God, your information and the detail of books and what not read and what to read was amazing. I feel like a fat kid in a candy store with these information -- Well, I am a fat kid, in a book store. lol.

Thank you so much, Roy.

@Amy Johnson

I love his story line, and the way he illustrate it in real life events. It makes everything more realistic.

You're right. Having no money blows, but that's really not a big deal as I have advantages of living with parents and having absolute positive income without debt.

@Engelo Rumora

Thanks! Your future input would be MUCH appreciated!

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UPDATE

In terms of future plan:

Graduate school --> College (Real Estate Marketing 2years) --> Real Estate agent

Banking-wise: Saving 90% of my income ((aiming for $10K+/year))

Learning Real Estate Investing: Reading books, video, and meeting and networking with some real life investor.

@Filipe Matos

Thank you for the encouragement!

I like that you stated about being young and being able to make mistake and live through them, as well as the knowledge that a career can be a great back up plan (and, greatly increase your mortgage approval).

It's good to hear and see underdog stories; guys who never had a chance and came on top in the world in the end. I love those stuff! I would be more than interested in hearing your guys stories, or how you guys came to success?

Thanks

Jason

It'll be good to see which books come up more than once, and maybe to tally up the bad books you've read!

@ Roy N

Thanks for advice to slow down. Please, recommend me some good books to read. I read a lot, so I will go buy any book you recommend to me and read them (cheaper to buy book than go to seminar or waste money in real estate without understanding first).

@Andrew Sherwin

That's always a good advice.

@Zach Zepp

I'm fine with working myself to the bone, and I like that you are constantly replying back to me. I understand it's going to be hard, and plan to read a lot more before proceeding.

Thanks for answering the questions. You guys have been helpful in more ways than one.

Thanks, James Wise, Steven Haung and Zach Zepp!

From your advice, I will save more money and read more books!

@James Wise. That's very wise. It's simple, but sweet. Save, save, and invest. Thank you!

@ Steven Haung. It's cool to see another investor live very close to me! Steven. I heard that networking is important in this career, and it'll be cool to meet up at your convenience. Thanks!

@ Zach Zepp. I'm sorry that you didn't like FP so much, but that kind of insight is very valuable to someone like me! Thank you for sharing that. I haven't done my due dillgience yet on researching FP, but I guess my goal is to finish a program in college in 2 years, and get pay higher than minimum wage. And, since I have an interest in Stocks, business, and real estate, I thought I could do well in this career. But, guiding clients toward mutual funds that are "good" but not "great" is fine with me. I want to help people, and start my own Financial Planning company tailor at a niche community of immigrants. I am Vietnamese, and I think I can attract this niche better through cultural understanding. I am interested more in the business start-up side of financial planning and the knowledge learnt in college, too, as you can see! Thanks!

A little about myself: I am 18, broke, but ambitious! (that pretty much sums it up!).

I have been reading a lot of books, and currently own the following books:

- Real Estate in Canada by Don.R. Campbell (I'm Canadian, Vancouver)

- Millionaire Real Estate Investor by Gary Keller

- Land Lording on Autopilot by Mike Butler

Those are just my Real Estate Investing books

I'm learning a lot by Don.R.Campbell, his ACRE system is really easy to follow and I can picture myself actually buying a property with his advice. I really want to get going, but I need money first (and trust me when I say I am being frugal; my girlfriend is getting a bit mad about my frugal ways).

I want to become a Financial Planner (I read a lot on the Stock Market, and business, and real estate). I like finance a lot, and seeing other people my age go out and buy expensive clothes, cars, eat out a lot makes me feel good, I know a secret that they don't! Understanding that expensive clothes, cars, and eating out are all depreciating asset and wasting their "investment money" makes me feel "wise(?)" among my peer. Not that I am better than anyone, but since I save my money, it gives me a little "leverage" that I will have more money to invest in appreciating asset (real estate) in the future, than them. A little "head start". :)

I want to invest in real estate as soon as possible. I don't think money will be a huge problem. If I have $10,000 (one year of work), then I can probably find partners, or sell things, to fund my investment (anything is possible).

After reading books for one year, I would like to start investing right away. I'm not greedy, and want to be rich fast, but I'd like to not be caught up in "reading books/no action". I also would like to use my knowledge from reading books, and put them finally into action. Buy a house!

Not a lot of people, or family support me. As they don't understand what I am trying to do, and think I can't do it. I sat my dad down one night and told him about investing in houses, and he carefully, but sincerely, try to steer me into becoming a business manager (I like reading about start-ups tho). I'm focus on my own life though, and other people opinions don't foster a new path for me. "You don't ask someone who isn't a millionaire how to be a millionaire". So, you wouldn't ask a bread maker how to craft jewellery? I think that example was a bit off from "The richest man in Babylon". Whoops.

Currently. I'm just reading till my eye BURN. I stay up all night reading real estate books, because I feel like I am not maximizing my time enough. I feel a need to become successful. It haunts me everyday that I am not being productive enough. I try to figure out the "smartest way" to do things. I am contemplating about getting a job to grow some money on the side for investment, and I think I will read books when I am not working. This plan for work is because of my thought on having a lot of knowledge on real estate, but having no money to "proceed". Blah. That would suck. Maybe I could do Mobile House, like Mr.Tuner. Hmm... Maybe. I need to read more books on that.

I'm pretty sure this whole thing is MUCH more simpler than it seems right now to me. I'm just over complicating things. So, I tend to just take a second, and clear my head, and calm myself out, and tell myself, "Everything will be Okay".

I really want to get going and become a success by 30.

That's a little bit about myself. Help me if you can. Any comment for my clueless direction will be awesome! Seriously. Anything.

Thanks for taking your time out of your busy investor life! I hope to be like you guys one day!