Andre, well said,
I assume you’ve read both rich dad poor dad and cash flow quadrant, if not, read them. I made all my startup money as a bail bondsman, I know not very prestigious sounding, but it got the job done. I grew my income from 100k to 600k over the course of 15 years, now I have sales team that makes the money for me. I used to gladly put 90,000 miles a year on a car because I had control over how much money I made. Remember, try to work yourself from employee=>self employed=>business owner=>investor.
the whole time I was driving that car, I was flipping properties, buying real estate, and learning. I wasn’t satisfied just making a great income, a lot of people can make great money, but not many can take $1 and turn it into $5. Now, a lot of people in my circle are willing to invest with me because I have a track record.
So build that track record! Find a way to make more than you spend. Tonight I was reading my 8 year old rich kid smart kid and I explained to him how the rich don’t work for money. I showed him pictures of this junked house I bought today. It was so bad you could barely open any of the doors. It was probably the worst one I’ve ever been in. I told him that most of america lives in houses like that, they spend half of their life at work to pay for it, and for many it’s a house they will never own. Meanwhile, your dad can show up, be too scared to walk inside, buy the house on credit, use more credit to pay someone else to fix it, and 6 months later put it on long term financing, pay the bank back their money, and charge some poor guy 1200$ a month.......the rich create money and don’t work for it. If my 8 year old can get it so can you! Once you build your track record the bank will gladly give you money.
Things I would change
I would have bought real estate instead of paying off my student loans first
I love my Porsche now, but I would of drove a Honda Accord instead of Cadillac's and Lexus while I was putting on all them miles
I bought my first 5 or so rentals with cash in 2008, 09, 10. If I had to do it again I would have financed all of my real estate during the recession when it was so cheap And bought apartment buildings
instead of using commercial bank loans I would have bought my first 10 properties using FHA financing
If I Were You....
If you’re making over 6 figures cut down on your expenses and start buying real estate now. If you’re not, find a job where you have control over your destiny. Nights and weekends real estate would be a good way to get into the 1099 side of the tax code and have some control over your destiny. I would hang my license with KW or whoever has the best training program and caddy for the most successful agent in your town. in bail bonds I want my agents to make well into the 6 figures because the more money they make the more money I make. The real estate hustle is the same so team up with a high volume agent. Then I would buy some of your own real estate, network, and build your track record!
good luck Andre! Lmk when you buy your first deal and let’s go TWINS. Hell of a lineup-not much pitching