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Updated almost 8 years ago on . Most recent reply

User Stats

17
Posts
2
Votes
John D.
  • Stockton, CA
2
Votes |
17
Posts

I need help on Investing at a Young Age

John D.
  • Stockton, CA
Posted

Hello my name is John, and over the last couple months I have been saving all my money earned from working a part time job at a pizza place. I now have 6000 Dollars in my savings. All my money is in cash, I recently stubbled upon investing and am really interested. I am reading books such as rich dad poor dad.

The only problem is that I HAVE NO IDEA HOW TO START. Being 16 there are some limitations. Does anyone have an idea what I could be doing? Investing wise. Should I just keep saving until I'm 18 and invest in Real Estate?

I would really love to have a mentor

Most Popular Reply

User Stats

319
Posts
103
Votes
DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
103
Votes |
319
Posts
DJ Cummins
  • Rental Property Investor
  • Bethalto, IL
Replied

@John D. --good for you!  In my market, 6k is about 1/2 way to a down payment on a single family home.  I am sure that in California, you will need to keep saving unless you work on some of the no/low money down strategies.  If you can keep saving for a couple more years until you are out of school and can work full time, you will have a tremendous head start on 99.9% of investors.  

keep on learning, keep on saving!  If you do both of those, i would be that in the next couple of years, you will be more than ready to get started!  

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