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Updated over 5 years ago on . Most recent reply
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Advice you wish you knew when you were younger.
Hey y’all, quite new to the forums. Done my own research and learned a lot over the past few months through others sources. Learned about BiggerPockets more recently. I’d appreciate any feedback y’all have.
What is some advice you guys wish you knew when you were younger and starting out? Any advice on real estate investing or even personal finance I’d love to hear about it.
A little about me. I’m 20 years old, I have about a year and a half left in the army. Currently saving as much as possible, trying to build credit and learning about investing and personal finance though books, forums, YouTube, blogs, etc. After my service I plan to attend college for electrical engineering. While in college I plan to house hack my first rental property.
Some of my questions:
What should I do between then and now to be better prepared for my first investment?
Do you guys have any book recommendations?
How did you guys start your rental property investing journey? What do you wish you would have done differently with the knowledge you have today?
Thank you!
Most Popular Reply
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@Kipling Beck Things I would tell my 20-year old self:
- Stop worrying what other people think of you.
- Be incredibly patient. Stop thinking in 1-3 year increments and start thinking in 5-, 10-, 20-year increments.
- Strategies and tactics are cool, but the ability to adjust your perceptual map is a game changer.
Books I would recommend (in no particular order):
- Cash Flow Quadrant by Robert Kiyosaki
- Grit by Angela Duckworth
- How to Win Friends and Influence People by Dale Carnegie
- Atomic Habits by James Clear
- The ONE Thing by Gary Keller and Jay Papasan