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Updated 5 months ago on . Most recent reply

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Here is my situation... where do I go from here?

Posted

I am 17 years old, I have no debt, and I live rent free with my parents. I have $10,500 to my name and want to invest it and put my money to work; however, I don't mind spending a few dollars on a reliable course or towards my financial education. Not sure if this is necessary but I have my own landscaping business that I work for making me self-employed or in the "S-quadrant" of "The Cashflow Quadrant". I am here seeking professional advice from someone who has walked the walk and can guide me where to go from here.

Some of my goals are listed below:

My main goal at the moment is to find assistance in forming a financial plan with the help of a mentor.

My other goals once I have established a plan:

- Short Term: "I will obtain a cash flowing real estate property within the next year.

- Long term:  "I will have more than or about 5-10 cashflow producing assets making me 5-10k a month in profit. 

Some questions I have once I find a reliable mentor are:

- What is the best way I can invest my money?

- Should I go to college part time? What are the advantages and disadvantages of going to college or not going to college for someone in my situation?

- Any feedback on my goals? Any goal setting strategies that helped you?

- What are the benefits of a real estate license? Do I need one? Should I get one? When should I get one? How do I get one?

I know this is a lot, and I do not expect a reply that replies to each thing I mentioned... although that would be nice. If there is any needed information in order to help me that I left out, please mention it. Anyways, to sum everything up, I need a mentor.

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Derrick E.
  • Investor
  • The Creek, WV
1,439
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890
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Derrick E.
  • Investor
  • The Creek, WV
Replied

My free advice, don’t pay for some real estate investing course. You can find all of the info here on this site and the internet in general. 

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