17 With $60K Cash

[Dom Kar]

Hey Everyone, I have a small home service-based business that has allowed me to bring in about 60K Liquid. This will continually bring in about 8-14K/month. I've been listening to the biggerpockets podcast for a while, but I am not sure if this amount is enough to safely get into the industry, or if my age would allow me to. Until I'm 18, I'll likely just keep reinvesting my money into the business but figured I'd come on here and get some feedback. I just like to think ahead to the future. Appreciate all insight!

I should add, I currently live with my parents so I have no living/food expenses. My only expenses right now are business related, employee pay, expenses, taxes etc. 

[Noah Laker]

What's up Dom, congrats and keep up the good work! You're crushing it! 

I'm a real estate broker in CA and just turned 24, started my first business (Airbnb management and consulting) at 19 and invested all the profits into real estate. You CAN do it, just move carefully and always hold reserves. 

So proud to hear that you're starting young and thinking about the future. You're absolutely on the right path. Seek out great mentors and watch out for leeches.