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Updated over 5 years ago, 06/21/2019
Making 200-300k+ at 26 years old
Well currently 25 but will be 26 soon. I have this sick *** job that I door knock. Im a manager and knock about 20h-25h a week. I get paid off my team sales. As the market grows(which it will) I will make more and more. I project in 2 years ill be around 300-500k a year. I legit only work part time which is crazy. Long story short I bought my first property last december. Got a KILLER deal for a NICE house with a half acre. Its in such a nice and awesome neighborhood and town. I know for a fact ill be making tons of money on this house if I sell it.
Well what I want to know is if you had my income what would you do? I have a good friend whos been a realtor for 20+ years. He helped me buy my house. Currently were going to look at this duplex today that I found last night online. If you were making this type of money how would you do it? My goal is to retire (buy 30 units) in 3 years. DO you think I could hit that a lot quicker with my income? \
Currently once I find one more roommate for my house. Ill be paying 300-400/m for living expenses. I think my monthly expenses is around 3k since ive started budgeting. So with my living expenses are so cheap I can save SOOOO much money. I have zero student loans and don't really have any bad debt. Also ZERO KIDS and no wife/gf. So i have lots of extra money. How would you plan this out? Thanks!
This was one of the hardest posts i've read in a long time. Very wayne's world vibe. What exactly are you asking ?
Originally posted by @Brian Van Pelt:
This was one of the hardest posts i've read in a long time. Very wayne's world vibe. What exactly are you asking ?
What do you mean by that?? Is it how crappy I worded everything?? Lol well I’m just asking what would you do if you were in my situation. Like how would you save, what would you buy and do. Etc.
so what's your job description?
You save by setting aside excess income in an account.
You haven't posted anything about your current income other then what you estimate it might be.
You haven't posted about your goals as an investor other then 30 units in 3 years.
From your post i just guessing that you door to door sell Solar Power Systems, which typically employ 25ish manager who using the team approach, but it's just a guess.
@Brian Van Pelt thank you for that comment Brian...made my day