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Updated almost 8 years ago on . Most recent reply
I need help on Investing at a Young Age
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
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@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!