All Forum Posts by: Vincent Crane

Hi everyone,

This is my first post ever on BP, and I'm a huge fan. I've watched every single podcast and just found out about the site a month ago after reading.. Rich Dad Poor Dad, of course. 

I'd love to get some of your brilliant minds to offer your opinions here. I'm 25, with a bachelors degree, working in consulting, making 65k with 18k in student loans, renting, no car payment. I live in Atlanta by the way.

The goal: 

to have enough passive income, to be able to travel abroad cheaply, and see the world. So maybe, 3k per month? Basically to do what Paula does (plug to BP podcast 35), seeing 30 countries before age 30.

The options: 

1) Keep working, making 65-70k, saving $1k-$1,500 per month, and buy a triplex, live in it, use that cash flow to buy another 2-3 properties. (maybe 10k down on each property, the triplex being 150k and the others being 100k?) 

2) Get an MBA, probably a top 25 school, coming out making 100-120k, but with 100k likely in student loans. This would significantly increase purchasing power to buy more properties post grad faster, and could use cash flow to pay student loans. This would also give me way better knowledge of finance and ability to get good jobs long term, if I need to work a regular job.

Can't wait to hear all of your thoughts, thanks everyone!

- Vincent Crane