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Updated almost 7 years ago on . Most recent reply

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Joshua Harvey
  • Lake Oswego, OR
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Hello from Portland, OR

Joshua Harvey
  • Lake Oswego, OR
Posted

Hello fellow people. I discovered this site last night when I should have been sleeping, when I was researching passive income. I'm completely new to investing, other than generally understanding how the math works, so I'm probably going to be relying heavily on the community here. My goal is to build enough passive income that I can leave land behind and sail around the world and never return to land.

A little about myself: I'm 19, living with friends and paying rent, working a minimum wage job and not really having a lot of financial freedom to save or invest. I've decided I want to change that, though, which is why I'm here! The way I see it, I don't have any resources (or credit, yet), but I also don't have any responsibilities, so if I fail miserably, the only person who loses is myself, and I have plenty of time to recover.

Anyway, hello everybody! Hopefully I can make this work with your help!

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Dave Foster
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
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Dave Foster
#1 1031 Exchanges Contributor
  • Qualified Intermediary for 1031 Exchanges
  • St. Petersburg, FL
Replied

@Joshua Harvey,  I'm with @Neal Collins, You don't have to wait.  But I disagree with the child changing things :)  We cruised for 10 years on a 53 ft ketch with three boys  and picked up one more on the way!  It was awesome!  Neal, the best thing about it was built in deck hands and bright works monkeys.

Yes for me real estate was a key.  But I met thousands of folks from all walks of life and I'll bet less than 20% were totally self sufficient on passive income.  Transferrable skills (nursing, waiting as in food service, carpentry, and all kinds of other skills) can also be a ticket into the cruising world either full or part time.  A ton of friends cruised 6 and worked 6.  Whatcha going to do during hurricane season anyway?

If you want to be a part of the culture you've got to get in the culture.  There's tons of folks looking for excuses to take their boats out.  And more than that who would love crew for weekend races.   If you can't find them then you're not looking.  Walk the docks.

Same with real estate.  If you want to get in the culture then go meet the folks.  You never know what opportunities will turn up.

Make the dream your goal and not the ability to do  your dream.  If the dream is your goal then you can find many ways to get it.  

  • Dave Foster
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The 1031 Investor
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