All Forum Posts by: James Bailey

Hi everybody!

James Bailey's in the house. I come from Edmonton, Alberta. Thanks for having me, I'm really looking forward to being integrated into a such an awesome group of people.

I am new to Real Estate, I've been a door to door salesman for the past 3 years (I'm 23 now), after 3 winters of battling strangers on their doorsteps in -40 below temperatures I've lost the feeling in my knuckles but saved up about $200k. I left my job, registered for University, and have been consuming knowledge on Real Estate for the past while, eager to make a move and start growing my "money tree."

I found this forum through another forum (Fastlaneforum) that is all about entrepreneurship. I think one of the most important parts of becoming successful is surrounding yourself with success. After creeping through the forum i find myself admiring a lot of you, Im really excited to pick your brains and kick a little *** myself!

Thanks,

James

I bought a 2010 BMW X5 about 2 years ago, through finance(whoops). I ended up paying it off 2 months later when I realized a 7% loan ended up being more like 20. After re-framing my money into tangible REI equivelents, I realize for the purchase of the car, I spent a down payment on a house. The $300 oil changes have probably added up to some nice slate counter tops, and my last repair bill is about as much as 1200sq/ft of some nice mahogany floors. I bought the car when I was 21, and in my childish attempt to look and feel wealthy, all I did was cripple the potential growth of my net worth.

Great learning experience! Anyone wanna buy an X5? $10 and a pack of smokes. :D