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Updated almost 5 years ago,
My 14 year old daughters buying her 1st house in next 90 day
Devyn’s started saving for 4 years and now has appox $10k...
How did she do it?
Bucket 1 1/3 $ goes to spending
Bucket 2 1/3 goes to saving
Bucket 3 1/3 goes to investing
For example she bought 2 shares of Facebook @ $18 which now worth $440. Dad also match’s dollar for dollar everything invested into bucket #3 until age 25.
Here are my 3 tips to get started
1 use the 3 bucket rule get to $10k
2 look out of state for cash flow. She picked Indianapolis
3 build a local team. We have a real estate agent and a banker
What are you going to teach your kids about 💰 and buying 1st property?