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Updated over 6 years ago on . Most recent reply
Education, Where should i start
I have recently come into contact with the bigger pockets podcast and decided i want to invest in real estate as a "career". I had been searching for something i enjoyed for a while, and after listening to about 15 episodes, i become more and more interested. My issue is that i have no idea where to start. My saving habits are lacking to save the least, and i am running on the "treadmill" of big corporation business where i'm trading time for money. I want to be better at saving money, but i also want to be able to invest in a property that will help me start my path down this road as well. I would also love to get a bachelors that would help me down this road, but i'm not sure what to get one in or if it would even help in the first place. Any advice to a newcomer like me would be greatly appreciated, and thanks for taking the time to read this paragraph, i know its long.
Signed,
Tyler.
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Start tracking your net worth each month.
Now make your saving/investing an expense, the first expense you have to pay every pay check!
Make a list of everything you've spent in the last 90 days. Now pick something that shows up on that list multiple times and stop spending on that, just cancel the account. Next month do that again. Even try making your budget a sport by seeing if you can get through the month after saving $100 first. If you can then try $200, then $300.
Take that money and save it for now while you figure out what direction you want to go and how you're going to get there.
Save your money and use the public library to read the books mentioned in the podcasts. If the library doesn't have the book, ask them to get it.