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Updated almost 10 years ago on . Most recent reply
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Advice for the young
Hello BP forums, my name is Ulysses Arreguin. I am a 17 year old high school student and I was wondering if anyone here on the forums could give me any tips or advice to help get involved in real estate investing or build my financial education. I've read books and listened to a numerous amounts of podcasts (Joshua Dorkin & Brandon Turners) but I can't seem to find any that give the young ambitious minds a good insight on how to start out at such a young age.
Currently the only thing I've been able to start is real estate classes. I recently enrolled in classes to get my real estate agent license in hopes of this being a career that will put my foot in the door into the real estate world. After I graduate I still do plan on going to college for a bachelors in accounting if I don't decide on full time investing before I get done with my GED work at my local JC.
With that being said I do plan on making this my career one day and I'm ready to put all the work in to be at the top level of this profession. If anyone could give me any type of feedback, advice, or even a reference to another forum post on what you would recommend for someone as young as I am to get ahead of the game a bit I would greatly appreciate it.
Most Popular Reply
If I could go back to when I was 17... One word of advice. Stay away from credit cards. Build your credit but don't apply for every card that they send you in the mail. Pass on toys on credit ex. Expensive cars at such a young age. It was nice to have a new sports car when I was just 18 but looking back at how much money it cost me I would NEVER do it again. I could have saved that money and have a nice down payment now on an investment property that would cash flow every month and make me money. Good credit is good. Living on credit is financial suicide.