What would you tell your younger self ?

[Parris Crockett]

Hey bigger pockets, if you had a chance to go back in time and talk to your younger self and give them advice what would you tell you ?

[Philip Williams]

Well I'm assuming your referring to real estate, otherwise I have lots of strong words about dating and choices in relationships for my younger self........In regards to real estate GO BIGGER SOONER. Sorry didn't mean to yell but seriously GO BIGGER SOONER lol. Playing around with duplexes when I could have just jumped to quads or bigger would have changed EVERYTHING. The bigger units are so much easier to manage cash flow better and have economies of scale built in not like the huge units but still better than the smaller apartments. 

[Account Closed]

To build wealth, live a frugal lifestyle and invest in income-producing assets. When the investment income exceeds the living expenses, everything else I do (for money) becomes a profitable hobby. I would have the freedom to walk away with ease from situations I didn't like.

In my case, I was told to buy the most house I could afford because it would always go up in price and by paying down the mortgage, my net worth would always be increasing. Technically yes, that is what happened, but the 33-year journey from buy to sell was a rocky one at times.

[Thomas S.]

Never allow emotions to enter into any business decisions. Money has no emotions.

Go for the gold. 

[Caleb Heimsoth]

Well I bought my first house at 22 so I’m not sure I could have started earlier lol. I would have told myself to learn the industry while in school so I know what I know now at 20 or 21 instead of at almost 24

[Account Closed]

Be more intentional with my time. Every small thing you do either brings you closer to your goals or takes you away from them. The mindless hours of Netflix, the boring dates, the unnecessary social obligations, sleeping in after late nights out, endless small talk, etc... all take away from doing things that add value to your present and future self. 

[Parris Crockett]

Originally posted by @Philip Williams:

Well I'm assuming your referring to real estate, otherwise I have lots of strong words about dating and choices in relationships for my younger self........In regards to real estate GO BIGGER SOONER. Sorry didn't mean to yell but seriously GO BIGGER SOONER lol. Playing around with duplexes when I could have just jumped to quads or bigger would have changed EVERYTHING. The bigger units are so much easier to manage cash flow better and have economies of scale built in not like the huge units but still better than the smaller apartments. 

 Thanks Philip! That’s awesome 

[Parris Crockett]

Originally posted by @Account Closed:

To build wealth, live a frugal lifestyle and invest in income-producing assets. When the investment income exceeds the living expenses, everything else I do (for money) becomes a profitable hobby. I would have the freedom to walk away with ease from situations I didn't like.

In my case, I was told to buy the most house I could afford because it would always go up in price and by paying down the mortgage, my net worth would always be increasing. Technically yes, that is what happened, but the 33-year journey from buy to sell was a rocky one at times.

 Thanks Roger, I appreciate it 

[Parris Crockett]

Originally posted by @Account Closed:

Be more intentional with my time. Every small thing you do either brings you closer to your goals or takes you away from them. The mindless hours of Netflix, the boring dates, the unnecessary social obligations, sleeping in after late nights out, endless small talk, etc... all take away from doing things that add value to your present and future self. 

 I love this 💯

[Dennis M.]

I would have set bigger goals and be absolutely motivated to achieve them . Instead I settled for where I was at in life and became complacent because naturally I hate change or risks .now I have a new vision and realize no one is going to do this for me , I must create the life I want by willful actions not dreams . My father was a dreamer he had grandiose ideas of running this business or doing that great thing but never actually took the steps to see it through . He died virtually penniless last fall at 68 and largely because he was afraid to take risks or weary when the opportunities presented themselves . We are not here for a long time and I have realized that life is largely a self fullfilling prophecy