Re: 16 yr old with a goal!(long) - Posted by Mel FL
Posted by Mel FL on June 18, 2000 at 17:12:12:
Jason I can relate to you. I was young when I first started wanting to get involved in RE investing. I am now only 26, and though that most likly sounds old to you its reletivly young to be started in RE.
I will tell you what is going to be the hardest thing for you, being young you are going to hear that you are foolish many many times. The best way to overcome this is to get around people who are actually DOING it. There will people that you respect that will bring you down. If you try to talk to people in the RE biz. (non-investors) they will tell you that it can’t be done that way. Realtors, mortgage brokers, and even some investors will tell you that the methods you will find here @ this site wont work. They may even tell you they are illeagal! They are wrong! I finally got the nerve to do it and now I have quit my job! I’ll never go back.
To get around like minded people you may have to travel a little. Try to find the investment club in the nearest big city. You could even call some “I buy houses” ads and ask to take the investor that answers to lunch.
As far as (college) coarses to help you, I don’t know. I have not gone that far with my education. I bet if I had, it would help.
Your plan to go in the Navy is probably a good one. Try to get stationed in the states though. Save your money and use it for education. Start with some cheap books. Read them cover to cover twice or three times until you really understand them. This site has tons of great info, and is the best on the net-by far. Read it all! Then maybe Carlton Sheets he really covers the basics of investing. When your ready to make serious money get Bronchicks and LeGrande’s stuff (and others).
Also dont be afraid to read and listen to “self help” it will really keep you motivated. I recomend Tony Robbins and Brian Tracy, oh and Zig Ziglar is great too.
Remember don’t get side tracked, alot of those Navy guys will try to get you to spend all you time and money partying. A little won’t kill you but keep it under control.
If you are serious and you really stay focused you WILL make it. The only person that can really stand in your way is you. But remember this; YOU HAVE TO MAKE IT HAPPEN. It is only action that will bring change into your life. If you do something EVERYDAY that brings you closer to your goal you will get there.
One final thing; Be patient with yourself you have time. It took me almost three years to make my first offer, of coarse I wish I had done it sooner but I sure am glad I never quit!
GO FOR IT !