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Updated over 1 year ago on . Most recent reply

User Stats

19
Posts
7
Votes
Mike Williams
  • Riverside, CA
7
Votes |
19
Posts

A million to invest

Mike Williams
  • Riverside, CA
Posted

Hello everyone.  
My son is 24 years old and has over a million dollars. (He earned this $ as an underground rapper and still earns about $40k a month)

I’d like to help him invest that money in real estate but I have no idea where to start.  

If you were 24 and had this kind of money, what would you do?

Thanks!

Most Popular Reply

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5,037
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4,678
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Taylor L.
  • Rental Property Investor
  • RVA
4,678
Votes |
5,037
Posts
Taylor L.
  • Rental Property Investor
  • RVA
Replied

I'd seek out 3 people: A CPA, a Financial Advisor, and an Asset Protection Attorney. So many entertainers & athletes go broke by not paying their taxes, living well beyond their means, and by making bad investments with their buddies/based on emotion.

At 24 with $1 million, he doesn't need to do much more than hit base hits the rest of his life to have an incredible amount of wealth in his 40s and beyond.

I'd also join the FatFIRE group on Facebook. Great group of high net worth and high income people.

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