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Updated almost 7 years ago on . Most recent reply

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Tyler Warner
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2
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Please help me, anything helps!!

Tyler Warner
Posted
Hey everyone, brand-spankin’ new to this, first off let me start by saying i have no money to my name. Not something i’m necessarily proud of but also something i’m aware of enough to try to make a difference and that’s why i’m here. So what i’m here for is not to get rich quick, not to find an “out” to my day job but to get myself some extra spending money in something that i’m very interested in, real estate investing. If anyone could give me any tips or ideas on where to find the very basic of basic information on getting into investing, building a portfolio and what i will need to start from literally nothing. I like to think i’m pretty intelligent so i pick up onto things quickly but i also like to find the simplest, easiest ways things can be explained to me. Not really a “for dummies” site but something similar where it doesn’t tell you what you can get from it but how to actually do it in a step by step instruction. Like the post name says, any help is welcomed and taken whole heartedly.. also if anyone would like to take me under their wing and be my personal mentor i would not be opposed to that, thanks again!!

Most Popular Reply

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58
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Zachary LaJoye
  • Rental Property Investor
  • Cincinnati, OH
48
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58
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Zachary LaJoye
  • Rental Property Investor
  • Cincinnati, OH
Replied

First thing, if you haven’t already, figure out your monthly finances. I’m talking every single cent that flows into and out of your wallet/bank account. Once you’ve done this and had an honest conversation with yourself you can figure out how much you can save in a set amount of time. But making the plan is only half the battle. The most important step in your endeavor will be adapting to this plan and all the changes that come along with it, depending how tight you want to get with your finances. To follow this plan will require some self-discipline practiced daily, especially if this mindset doesn’t come naturally. I would recommend reading “The Richest Man in Babylon” for some motivation and prepare yourself for a paradigm shift!

If your savings rate isn’t as high as you’d like get out there and grind any way you can find to make some extra cash. All the while as you’re watching your savings grow you can be listening to podcasts, readings books, talking to people, and searching for deals. By the time you’ve got some money saved up you’ll be locked, cocked and ready to rock! Good luck!

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