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Updated about 9 years ago,
Please help, all advice needed!
Hello everyone, I'm hoping I can get some good advice here as well as help with understanding the basics and creating a plan.
To start, I am 28 and completely lost right now. I am an OTR truck driver who came on the road to cut out all expenses and save up for a career in aviation as a pilot.
At this point that idea doesn't seem very wise as an investment. I would be investing $40,000+ dollars into a career with no stability, terrible pay, terrible QOL, etc... I already make more now than most of my pilot friends.
The thought of going to college to get a degree so that I can built a resume that I pass around to others in order to beg for a job completely baffles me and does not seem logical.
The only other thing that has been on my mind is RE investing. In my previous job I worked around a lot of very successful RE investors and developers. I remember being almost envious of their lives. The thought of building my own future and controlling my life like them gives me a rush of excitement and adrenaline...
Here's my problem, I honestly cannot make a connection in my mind of how to go from where I am now to where they are. I also do not see how investing in a home for a $300/month cash flow turns into financial freedom. I basically just cannot see the forest through the trees I guess.
Is there anyone that can explain this to me? How would you approach this in my shoes? I've been reading as much as possible, but since I do not have any type of finance background I end up getting more lost and end up more discouraged.
I feel like I may be in a unique position to invest because I make at least $1000 every week and my only expenses are food. What would you do? Can anyone give me an example of a 5 year, 10 year, and 15 year plan that would be viable for me?
So far it feels like life has seriously beat me down and I'm tired of this. I really want to take control and do something with my life. The thought of investing and maybe one day developing seriously excites me, I just can't figure out how to start and how it ultimately works over the years.
Thanks so much everyone!
Signed,
Beaten down and lost