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Updated over 5 years ago on . Most recent reply

User Stats

42
Posts
12
Votes
Frank Bonzai
  • Las Vegas
12
Votes |
42
Posts

Fastest way to househack? how to save 10k

Frank Bonzai
  • Las Vegas
Posted

I have about 3 to 5k saved up currently.  I want to save up a total of 10k so i can house hack my first multi family.  With my current job, and expenses it would take me about 10 months to a year for me to have that 10k saved up.  Do you suggest i just wait it out? find a side job? wholesale?  What is a quick way to make money.

i make 40k/year salary and about 25k-30k of that goes to credit card debt/college debt/rent/car lease etc.

Currently, im making decent money in the stock market trading options. Not sure if i should just stick to doing that? I dont want to work a $10/hour job on the weekends....

Most Popular Reply

User Stats

78
Posts
43
Votes
Brad Baker
  • Flipper/Rehabber
  • Charleston SC
43
Votes |
78
Posts
Brad Baker
  • Flipper/Rehabber
  • Charleston SC
Replied

@Frank Bonzai

I agree with Aaron, you need to be disciplined and get a game plan to improve your savings rate. Hustle, find a side job driving Uber, delivering pizza, WHATEVER in order to save more money. My wife and I spent last year crushing all of our consumer debt, I poured myself into my sales position and doubled my income in 12 months and we were able to purchase our first investment property this past December. Focus, be disciplined, plan your work then work your plan.

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