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Updated about 4 years ago on . Most recent reply

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Damon Cameron Jr
  • Rental Property Investor
  • Indianapolis Indiana
58
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37
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If You Could Go Back To Your 20 Year old Self.....

Damon Cameron Jr
  • Rental Property Investor
  • Indianapolis Indiana
Posted

Hello All,

I am a 20 year old getting finances in order and mindset to begin investing post college (get w2 income for qualifying through banks). If you could go back to your 20 year old self what would you tell yourself or actions you would do differently? I am interested in seeing the responses from Investors in the game with all levels of experience!

Thank you!

Most Popular Reply

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,132
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28,112
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

@Damon Cameron Jr

I grew up poor, dressed in garage sale clothes, damaged canned goods, powdered milk and government cheese. I always believed I was capable of doing better, but I always compared myself to my family and friends. as long as I was doing better than them, I thought I was successful.

I bought my first house when I was 29 years old. Most of my relatives had never owned more than a trailer home on a rented lot, and none of my peers owned a house, so I thought I had hit the big leagues. 5 years later, I had saved up $7,000 and read Rich Dad, Poor Dad, which motivated me to purchase an investment property. Again, I compared myself to my family and peers, and assumed I was a regular Rockefeller. I suffered from limiting beliefs, creating self-imposed limitations on what I could accomplish.

It wasn't until I turned 45 that I realized I was capable of so much more. I know I am in the top 10% when it comes to intelligence and work ethic, yet I acted as if I were an average Joe. To make a long story short, I stopped saying, "I can't" and started asking, "How can I?"

I changed my mindset and then bought an investment in 2016. In two weeks I will close on my next property which will bring me to 33 rentals and 154 storage units. I set a goal of earning $300,000 a year, which seemed impossible, and frankly ridiculous. I will be there before the end of 2021 if I inck.ude my regular income. I Believe I will earn that amount or more with just my rental income by the end of 2025.

Somebody's gotta win. It might as well be me. ~ Si Robertson

  • Nathan Gesner
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