Hi Guys,
Firstly let me say Thankyou for the opertunity to get these questions answered by the best of the best.
I'm a 20 year old wannabe millionaire who's really struggling in life and in need of some real estate help.
Before I begin just a really quick piece of background info, I havn't had an easy life, I had everything taken from me when I was 10 and have been living in an abusive house hold for the past few years struggling to get my education and become a great person in life. Last Year at the age of 19 I decided to go back to School and finish in order to grab my diploma and proove to myself no matter what you can always push yourself a bit further.
Luckily I was born with a good head on my shoulders and despite being abused I always knew I could do great things in life If I just belived in myself.
After atending various seminars ie Anthony Robbins and Dr John Demartini I started to get the crazy idea that at the age of 20 I could outshine every single other teenager/young man and really live a passion filled worthwhile life.
So I've decided that this year I'm going to go full throttle into investing and make a great life for myself and one day future family/friends.
However I have a major problem and this is where my ' Tough Question ' comes from.
I've worked various jobs and because I never held myself to high esteem they were always bottom of the barrel, retail or temp jobs that usually had a manager who treated you like dirt thus giving me a really nasty taste in my mouth for ever wanting to work again.
To be frankly honest, I dont want to ever work again. However By work I dont mean work, I mean a career working for someone else, working in a field I dont enjoy or in an area that I have little or no control of and cannot profit from. I understand being young you have to start at the bottom and I've done that already, I've learned sales skills and I belive If It came down to it I could negoatiate anything out of anyone.
My First Question is -
1) How would I start investing in my first property if I dont have a Job, thus meaning no bank will loan me money?
2) My Total savings Equal $500 at the present and I'm lucky to live with a relative who charges me VERY little rent, How could I use this $500 to get started?
3) What should I do to overcome this problem of working? I want to work for myself and profit from my hard work as opposed to making some ' company ' and some ' boss ' richer. I Belive my time and work ethic is worth alot more than I'm being paid.
4) Would anyone have a copy of http://www.amazon.com/Turned-into-Million-Estate-Spare/dp/0671253689
' How I turned $1000 into 5 Million in my spare time ' for sale or spare they would be willing to sell me?
5) Is it impossible or stupid to want/ask for a mentor?
The reason I ask this is because alot of millionaires I've talked to always say ' Find a Mentor , Find someone who's done what you want to do and learn from them ' But everyone I've spoken to who has done what I want to do doesn't seem to want to offer mentoring or advice, regardless of how much I proove myself or how much money I offer them.
6) Is there any field of real estate I might enjoy as a career to get started earning some money ( For investing ) that would give me a really great advantage in property market knowledge that doesn't involve being an agent?
7) Trump once said ' borrow borrow borrow and even if you dont need to borrow some more ' Could explain this logic to me? I would assume the less you borrow the less you have to pay back and the smaller your fee's would be from interest?
8) I belive I could turn $5 million into $50 million in a matter of years, but my problem is getting that first $5 million, exactly how is one supposed to do that without having a full time job and alot of savings?
9) Is there anything I could do TODAY to get the momentum needed for my future investments.
Thankyou Kindly
- Paul
