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Updated over 9 years ago on . Most recent reply

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Fernando Valenzuela
  • Bakersfield, CA
0
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10
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What should I do?

Fernando Valenzuela
  • Bakersfield, CA
Posted

I have been out of college for a year and a half now, I graduated with a degree in finance and management, but I am working on a sales job that has nothing to do with finance. I have been wanting to make a career out of real estate investing for a couple of years now, the problem is that I don't know what should I do or how to get started because I don't have the funds to get started, as a matter of fact I have a 10,000 student loan, a 13,000 car loan to pay for and I am currently renting. In my current job am getting an average of 2,200 take home every month.

I guess my biggest problem right now is weather get into an entry level career that relates to what I want to do and get an ok paycheck or get into law enforcement which pays well after a year or two 75,000-80,000 in my case  and start making more money and pay off my loans and start investing after that. I am 26 right now. 

Any advice or similar experiences that you have been through will be highly appreciated.

Thank you everyone

Most Popular Reply

User Stats

59
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35
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Eric B.
  • Engineer
  • Seattle, WA
35
Votes |
59
Posts
Eric B.
  • Engineer
  • Seattle, WA
Replied

Do you want it enough to sell the car?  That car loan is dumb at your financial level.  It aint sexy but that's how people build wealth.  Some of the poorest neighborhoods have some of the nicest cars while some of richer neighborhoods have some of the oldest crappiest cars you will ever see.  Time to change your thinking.  Read 'stop acting rich'. The first chapter is free as a sample on kindle app and it summarizes the whole book its all you need.  Change your thinking and you will look up in 10 years with a different life.  Good luck!

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