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Updated over 5 years ago on . Most recent reply

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Carson Scott
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7
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How early is to early to invest?

Carson Scott
Posted

I'm 17 currently and my goal is to invest into a rental property by the time I am 21. Does anyone think I can make that I have $3,000 saved right now and i'm very good at not spending any money and living frugally. Does anyone think I can invest at an early age? any good ways to speed the process up? Can I even get a get a loan from the bank or a private investor that young? 

Most Popular Reply

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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,407
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Stop using words like, "speed the process up".  That will lead to you making bad decisions based on time if/when you start getting close to some arbitrary timeline and you haven't reached your goal yet.

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