All Forum Posts by: Clarence M Canty

I have wholesale deals in the upstate if you are still looking.

Interested. Registered for the webinar. I'm currently working on deals in Texas, New Mexico, Oklahoma, and Colorado.

Interested. Registered for the webinar. I'm currently working on deals in Texas, New Mexico, Oklahoma, and Colorado.

I am currently seeking military members in the El Paso market that want to learn how to invest. If you are interested PM me. US Army 2001-2003, US Marine Corps 2009-2012.

I agree with @Scott Trench . Dave Ramsey, Susie Orman, all of these gurus are telling you stupid stuff like this. That's how they make money! By telling broke people how to stay broke! That scenario doesn't account for inflation alone, not to mention the miserable existence of a life that you lead by depriving yourself of something you enjoy!

So, if I stop drinking Starbucks, going to movies, cable, and I consistently save my 10% a year on an average salary of $50k/yr. I would have enough money saved $152,602 to stretch out from the age of retirement (65 years) to the average age of death in America (78 years). So I'm going to stretch that $125k over 13 years, of coursing hoping to die at 78 so I don't run out of money! That's tuna fish diet dog!

I prefer to up my income. 18.8% (Pews, 2016) of Americans over the age of 65 say they have to work in order to stay alive! Check out why Americans over 65 yo have to work!

That being said. Those models of saving your way to a million is ridiculous. And by the way that $125k would be good money to put into a real estate deal or something, but you're about to die! It's like that experiment with the monkeys in the cage.

The scientists put monkeys in a cage and let them climb up to grab bananas that were hanging. Once they got used to having it, one of them would get zapped when he tried to grab them, He kept trying and had the same result. After a while, the monkey said forget the bananas. Replace bananas with Starbucks or whatever small purchase you think is keeping you broke. You will continue to scrimp and save and count pennies, and yes a Starbucks is counting pennies (633 to be exact), you will forever have a broke mind. You will be focused on saving pennies rather than making dollars! JMO

Great post @David Thompson! I'm excited to see your success. I'm doing the same thing here in El Paso, except I got rid of my SFHs. I'd really like to pick your brain.

@Rick Pozos , brother. You got the wrong problem man! El Paso is a super rich market, especially for rental property. Look at the median income, avg cost of a home, and compare the cost of ownership to renting. The taxes here makes buying a home almost insane with all of the rental inventory. I just moved here (El Paso) last month, and I already have two deals in the process to acquire a total of 93 doors. I'm buying multi-family. Send me a message, we can get to the money down here together. This market reminds me of Atlanta in the early 2000's, I rode that wave and learned some valuable lessons, so here we go again... MONEY TIME!!!