Should I cancel my 401k?

[Marquis Harris]

Hello Everyone,

Im not sure if this is a stupid question to ask, but I am generally curious about the subject and would like to know what is the best step to take. Should I cancel my 401k?

To give you a little background information on the situation, I recently decided a few weeks ago that I want to become a real estate investor after being in a RE seminar. The guru mentioned some really great stuff that got me thinking, and gave out some good information.  I later realized after joining BP that the information he gave is all available for free on here, and in books! (I paid $200 for the seminar, but I have spent more money on worse, so please don't judge me). He pushed for people to sign up for his 20k-50k program which I knew definitely wasn't for me.

Anyways, he mentioned that he didn't have a 401k and many people he knew didn't as well. He didn't like the fact that he wasn't in control of it, and figured his money was suitable elsewhere (investing). It got me thinking as well. I am a new investor, still in the process of saving and educating myself before I make my first purchase. I see myself being a RE investor long term and once I make up my mind, I stick to it. I currently work full time and have a 401k set up. There's not much in there because I recently graduated and started working full time a couple months ago. Would it be in my best interest to close my 401k and put that money with the rest of my savings and continue to save that way? Please let me know what you all recommend. I would greatly appreciate it!

Best Regards,

Marquis