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Updated about 6 years ago,

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Thanks for being here (introduction)

Posted

Hey glad to be here. My name is Alex. I am 28. I had no interest in finances until about a year ago. I read Rich Dad, Poor Dad and it changed how I looked at things. I never made more than about $13 or $14 an hour. During the last year I eliminated most debt that's accruing interest except a car loan.  Credit score went up into 700's which is really cool. I also improved my income and now took a job as a trucker where it will further increase my income and it looks pretty scalable. 

My housimg situation is good. I'm only in town about 3 or 4 days a month so my dad agreed to let me stay with him for 10 bucks every day I'm there. Aftwr reading Set for Life I'm planning on selling my car and getting an older one which should give me a couple thousand extra dollars. 

Since I'm currently still in training for truck driving i dont have a lot of control over where I stop for food so that expense is higher than I'd like but plan on correcting it when I get on my own.

Currently I plan on learning a lot about real estate and following suggestions found from those who know more than me to get to a point where I can live off passive income generated from rentals within about 10 years.

I'm working now on saving money to buy my first property which I plan on house hacking probably through the FHA loan. Although because my situation is so good with my dad and low rent i may just save for the 20% down payment and rent out my first property while living with my dad because rent is so small. Just a thought. Probably will go FHA house hack route because can't predict health of dad and low down payment and getting feet wet.

 I'm thankful for the communtiy and all of the great resources Bigger Pockets provides. It has been a big help. I'm glad to be here!

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