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Updated about 6 years ago on . Most recent reply

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Marine vet getting started in Colorado

Posted

I'm 22, currently an active duty Marine in San Antonio, Texas. Serving has given me the great advantage of a debt-free college education and some specific, potentially lucrative skills. I'll be separating in fall 2019, however, to start my life as a civilian.

I've known that financial freedom is one of my most important goals for some time, and I'm pretty dang confident I have the work ethic and dedication to make it happen. I'm new to real estate investing, however, and I've got some big choices coming up when I leave the military.

Here's my Plan A at the moment...

I could likely save up to a ~$100,00 cushion by taking an overseas contracting job upon leaving the military, then come back to the states after one year for a mid-level position in the greater Denver area - at which time I could likely earn ballpark $40-50k at a full-time job (vacancies are typically in Aurora or Denver, possibly Colorado Springs.) I'd live off my salary there, frugally, while investing part-time.

I'm young and have a lot of flexibility, but much, much learning to do. Any advice you could give to help inform my post-separation decision or refine my plan would be greatly appreciated.

Thanks!

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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
2,493
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2,855
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Rick Pozos
  • Wholesaler, Rehabber and Landlord
  • San Antonio, TX
Replied

@Christopher Levine you as an individual can only make so much money per year. You have to purchase investments that will do the work for you or at least assist you in your journey to financial freedom. Stocks, real estate, whatever. Get educated in investing. 

You have the 4 year education degree, like myself and millions of others, that will keep you middle class and broke for the rest of your life. It is time now to get the investing education that will take you to the next level. Some of it will be found here on BP, some of it will be networking with others to see what they do and how they do it. Take from others what they give you, give to others and use what you can to help yourself and others. 

-frugal real estate guy

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