Re: Looking for help please - Posted by Sgt.Sausage
Posted by Sgt.Sausage on April 09, 2007 at 18:28:14:
==>First off is it even possible to get started in this business with the situation Im in? Would you recommemend I wait?
While it is entirely possible, I’d recommend you wait. You’ll need decent credit (the days of giving anybody (even with bad credit) a pile of money to work with are very near at an end), you’ll need cash reserves – again, because credit will soon be near impossible, and you’ll need (no offense) to grow a little. At 19, you’ve got a lot more to experience before you become … well … experienced.
It ain’t all milk-n-honey. It doesn’t all smell like roses. Here’s a good read that will take you several hours to get through. I have the feeling that a lot more folks end up like this guy then end up making a pile of money:
This guy makes all the classic mistakes, and gets burned to the tune of 2 million bucks at age 24. You really don’t want to rush in and end up like him, do ya?
If you’re serious, you’ll make it. Just be careful about it. Go slowly. Take your time. Have a contingency plan, an exit strategy, and a Plan B and Plan C for everything you do. You’ll be glad you did.
Take your time. Learn everything you can. In the mean time get a “regular job”, pay your bills (to build up a credit score) and start small. Don’t get in over your head. There’s no need to be in a hurry, especially at your age.