Posted by Craig_NOLA on April 13, 1999 at 23:27:24:
I started in real estate and paper on a part-time basis about a year and a half ago and have been full-time since the beginning of the year. (I just turned 30, BTW.) I tried everything under the sun (multilevel marketing, etc.) before I discovered REI. Most everyone I know, especially my family, thought I was nuts-- first to get involved with REI at all, then to quit my job and go full-time. Do NOT listen to the naysayers and the dream-stealers. It is very important that you surround yourself as best you can with supportive people: visit this website often, join your local REI club, and cultivate friendships with others who are striving toward their dreams.
Also, read “Rich Dad, Poor Dad” and “The Cashflow Quadrant” by Robert Kiyosaki. Both are available at amazon.com. They will teach you many vital lessons about investing and entrepreneurship and about how the mindset of the truly successful entrepreneur differs from that of the masses.
Finally, for a new investor, the amount of information available and the number of different approaches to REI can be staggering. Learn everything you can, but don’t let it overwhelm you. You don’t need to know everything to make a lot of money in this business. In addition, learn one or two approaches, put them into practice, and spend some time perfecting them before you try to take on anything else. Trying to become a jack-of-all-trades leads to becoming a master of none. It can also induce paralysis of analysis.
Good luck and feel free to e-mail me if I can be of further help.