Hey there BiggerPockets investors! This will be a lengthy post but I would like some insight on my current situation, thank you in advance.
I’m currently 19 years old and I reside in Phoenix, AZ. I’m a full time college student attending ASU as well as a part-time fast food worker (20-25 hours a week). My family does not come from money nor I depend completely from my parents, in fact, my parents make less than 50k a year combined, with 4 kids. We get through, but hardly. Being the only kid who is in college, I have a lot of pressure on me.
It’s in my blood to be an entrepreneur, ever since 4th grade I started selling chocolates in school, and escalated to selling junk food, like chips and soda, all throughout middle school and high school, while also working part time. I invested roughly 1k that I saved up my senior year of high school into a dropshipping business, which only generated me around 200$ in sales. I decided to opt out and call it a learning experience from there, but that’s besides the point.
I currently pay 650-680 in student apartments and have $150 saved up, which is nothing, but I hate the fact that the money I am using on rent is not being put into an asset. I have been researching real estate extensively these past few months and really do believe I can achieve financial independence by age 30, however, I would like to learn from you and how you started, and maybe give me ideas on how to get my feet wet.
This upcoming school year, I plan to live with my girlfriend, which will allow me to save $500 a month for about a whole year, and about 1k a month during summer. I’m assuming I will have roughly 10k before my 3rd year in college begins.
What are your thoughts? What can I do with 10k?
