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Updated over 6 years ago on . Most recent reply

User Stats

7
Posts
35
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How can I start with virtually no money??

Posted
I wanna learn and start young but I work at restaurant and barely have enough money to pay my bills. I wanna work hard and get lead into the right direction and multiply my year to date income.

Most Popular Reply

User Stats

12
Posts
28
Votes
Caleb Culver
  • Rental Property Investor
  • Kalamazoo, MI
28
Votes |
12
Posts
Caleb Culver
  • Rental Property Investor
  • Kalamazoo, MI
Replied

Everyone has different learning preferences, but use the time while you currently have while you are saving to educate yourself like crazy. Listen to as many podcasts as you can, read every book you can find, start going to REI meetups, ask another investor if you can work for him for free, etc. I spent a solid 9 months reading 10+ books, and listening to over 100 podcasts, and built some good relationships before I started.

The best thing you can do right now outside of education is to get creative and disciplined enough to live off of 80% of your income. If you can save 20 percent per month, you'll find you'll have enough captial to land a deal, even if it's not the most amazing purchase, within a year of saving.

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