Off Topic
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 17 years ago,
Making SOLID Money, but want diverse growth and security...
I'm making a very solid income at the age of 21 - about $6k/month with about $1500/mo expenses - by the time I'm 25 I'll be bringing in about $10k/month from my business - maybe more, but I estimate conservatively.
While this is all well and good, I would like to create a plethora of assets while I'm doing well now that would take care of me should my current income disappear (not expecting it to, but planning on building a family and want the security). I would also like my money to go to work for me in Real Estate, or whatever is out there than can significantly and exponentially grow wealth.
I'm very new to investments, and have just a 401k and a savings account. I am finally out of debt and my savings are growing, and my expenses low.
I'd like to really explode this thing. I've laid the groundwork to growing my net worth hugely and I want to do it wisely, but quickly and effectively. What do you suggest?
Also, what good books do you suggest? I've read millionaire next door, and rich dad poor dad. Although I am at the moment, I don't intend to simply maintain this and live below my means, I'm going to expand my means as best I can.
I'm all ears.
-Evan