Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

6
Posts
5
Votes
Kelly Moffat
  • Everett, WA
5
Votes |
6
Posts

"Millionaire mindset"

Kelly Moffat
  • Everett, WA
Posted

Hello all, 

I am just starting out in this real estate investing business and I need advice from like-minded individuals. I went to one of those "guru" classes last August and ended up purchasing a course package. Before you give me the "you shouldn't have done that" speech, I did because I didn't know any better. I ended up talking out a loan and maxing out my credit cards to do so. Not the smartest things to do, but I was so caught up in believing in myself that I didn't think it through. 

Fast forward to present and I have been trying to work with a banker to consolidate my debts. She is trying to tell me that I shouldn't (and can't) invest with all this debt and is suggesting I get a second (and  possibly third) job to start payin down my credit cards. She has quoted Dave Ramsey and it's very clear this what she believes. 

My question for you is: what would you do? 

My instinct is to get a second job because I know that'll bring in some cash but I also feel like it'll bring me farther from my dreams, if that makes sense. I don't want to be a five-figure thinker, yet I feel like getting a second job is the five-fogure thinker thing to do. 

Thoughts? 

Much thanks and appreciation! 

~Kelly 

Loading replies...