Need some motivation

[Louis Hamric]

Man today was a rough day. I have been planning on using money from the stock market to do my first deal. I had a lot invested in 1 biotech that I thought for sure was gonna be a winner only to find it wasn't today. I"ve lost nearly 15k when I was expecting unicorns. I really wanted to get into real estate now. I had a plan a strategy. But it was all based on cash. I have 35k I could pull from Heloc at 5.8% and I could borrow 40k from 401k. But based on what I was trying to do I needed 130k. And since that plan was based off cash. I dont know how you could refinance something like that anyway. Too risky.

My original idea was to buy a 6 bedroom house in marginal neighborhood for 75k with total around 25k. I was planning on doing a sober living and paying someone a commission to get clients and free rent to maintain property for around 12k a year if fully occupied. I also budgeted 6000k/yr for marketing. My profit was high. But feeling like the wind blew out of my sails this morning. Could really use some motivation.

[Joe Villeneuve]

Well the obvious answers are:

1 - Change your plan (not your goals)

2 - Next plan, don't include (as in depend on) the Stock Market.

You chased a shiny object of distraction (SM), where your returns are based on decisions and future events impacted by those decisions (and don't blame the decision makers), that you have no control over.

Just start smaller with REI and work your way up...in control. It won't take you long with a good well thought out, and tested, plan.