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Updated over 5 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
  • Chicago, IL
25
Votes |
77
Posts

Teaching my kid to fish

Account Closed
  • Rental Property Investor
  • Chicago, IL
Posted

Im sure you heard the chinese proverb: You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime.

I have a 13 year old and an 11 year old, who already know how to fish, and I want to teach my boys the ins and outs of real estate investing. Im currently having discussions with 13 year old that he has a choice to either get a job flipping burgers at Mcdonalds (there is nothing wrong with that) for $1000 a month (working 16 hrs a week at $15 an hour) or helping me manage one of my building (currently 12 units total) for $500 a month.

Any advice or easy reads to pass along the journey im about to take my kids on?

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