General Adulthood, Planning for the Future: Business, College, Budgeting, Investments, etc! $$$ - General

[QUOTE=Pascall;50658459]Generally, you wanna get at least a few months of retail or food service under your belt. They're shitty jobs, but they give you some invaluable skills, like dealing with stressful customers, being flexible, negotiating with supervisors, customer service skills, etc. Something like that would be a good first step. I usually go for working at a hotel or resort, if one is available nearby. Depends on the job market in your area. What sort of things do you have around you?[/QUOTE] McDonalds, some small family shops, Jean-Coutu (pharmacy store), a Gaming LAN Center, restaurants

Those are honestly all good places to try and get hired as a first job. Most of those sorts of places don't really need a resume. Just pop in and ask if they're hiring. If they offer an application either in person or online, go ahead and fill it out. No job is guaranteed or anything, but those all seem like decent prospects for your first job.

[QUOTE=Pascall;50658521]Those are honestly all good places to try and get hired as a first job. Most of those sorts of places don't really need a resume. Just pop in and ask if they're hiring. If they offer an application either in person or online, go ahead and fill it out. No job is guaranteed or anything, but those all seem like decent prospects for your first job.[/QUOTE] Thanks so much man, I'll start looking either later today or tomorrow morning

Hotel front desk positions are very tolerable entry level work, as long as you don't mind a very social job. I worked the overnight shift for over a year, and would have been quite happy staying there if not for the low pay. It's not terribly demanding work, if you work evenings or overnights you have a good deal of downtime, and it looks great on a resume for any kind of customer-service based job.

I've just about finished reading [URL="https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680011"]Rich Dad, Poor Dad[/URL] on BDA's recommendation. I've been enthralled by it, and want to continue. Does anyone have any other books in the same vein I should check out?

I wanna buy gold tell me how I should do it for reasons that are good in the future Thanks in Advance

[QUOTE=Anti Christ;50677342]I've just about finished reading [URL="https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680011"]Rich Dad, Poor Dad[/URL] on BDA's recommendation. I've been enthralled by it, and want to continue. Does anyone have any other books in the same vein I should check out?[/QUOTE] Robert Kiyosaki has written at least two other books that expand on [I]Rich Dad, Poor Dad[/I]. The first is [I]Rich Dad's Cashflow Quadrant[/I], which expands more on the different types of income, business, and lifestyle. I haven't read this one yet, because it seemed a bit redundant, but it is very well reviewed. The second is [I]Rich Dad's Guide to Investing,[/I] which I consider a must-read if you'd to dive a little deeper into the mindset and motivations of investors. It's a phenomenal book, though more motivational than actionable. Once you're ready to move on to more practical knowledge, the [I]Rich Dad Advisor Series[/i] is an excellent place to start. They are written by Robert Kiyosaki's colleagues and advisors, and start delving into actionable information on how to get started in various kinds of businesses and investments. [I]The ABCs of Real Estate Investing[/I] and [I]Loopholes of Real Estate[/I] are both top-notch books if you're interested in real estate specifically. [I]Start Your Own Corporation[/I] is great for business owners of all kinds, exploring your options for asset protection. There are, of course, books other than those in the [I]Rich Dad[/I] series! BiggerPockets's [I]The Book on Rental Property Investing[/I] is easily the most in-depth guide to investing in rental properties I've ever read. This book breaks down the specific formulas to calculate the profitability of properties, the different kinds of property investments you should consider (focuses primarily on [I]residential[/I], however) the kinds of financing you can take advantage of, how to structure your offers, how to account for long term maintenance and capital expenses, etc, etc. Definitely a must-read.

Tbh in my opinion Robert Kiyosaki is just a very good salesman and motivational speaker/writer. I've read a couple of his books and most come across as too good to be true stories. This, along with the constant self-promotion and the underlying get-rich-quick mindset gets old real quick. After reading John T. Reed's analysis on Rich Dad Poor Dad I doubt Kiyosaki's legitimacy even more.

[QUOTE=Lucasz;50695517]Tbh in my opinion Robert Kiyosaki is just a very good salesman and motivational speaker/writer. I've read a couple of his books and most come across as too good to be true stories. This, along with the constant self-promotion and the underlying get-rich-quick mindset gets old real quick. After reading John T. Reed's analysis on Rich Dad Poor Dad I doubt Kiyosaki's legitimacy even more.[/QUOTE] If [URL="http://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1"]this[/URL] is the article you're referring to, he brings up a concern that I've had in the back of my mind as well [quote]Over time, I have received numerous reports that Kiyosaki is primarily a creature of Amway (now Quixtar) and other multi-level marketing organizations. Reportedly, his books were not selling until he allied himself with that crowd. Then the volume of sales to those MLM guys made him a “best-selling author,” which caused normal non-MLM people to think the book must be good. Click here for an email I received along those lines. There is an unauthorized Web site about Amway at [url]www.amquix.info[/url].[/quote] I'll have to see what else I can find about this, because I've been a little concerned about that, myself

[QUOTE=Anti Christ;50697476]If [URL="http://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1"]this[/URL] is the article you're referring to, he brings up a concern that I've had in the back of my mind as well I'll have to see what else I can find about this, because I've been a little concerned about that, myself[/QUOTE] Yeah that's the one. I'm usually pretty skeptical to self-help books in general but Reed really worded it well. Also the mail about the RK link to MLM organizations is very interesting.

am I the only one to have someone email you to offer a job by email and when you respond and say sure they go lol no you're not what where looking for? because that just happen wish they didn't contact me and got my hopes up ( didn't apply to job but oh well )

[QUOTE=Lucasz;50695517]Tbh in my opinion Robert Kiyosaki is just a very good salesman and motivational speaker/writer. I've read a couple of his books and most come across as too good to be true stories. This, along with the constant self-promotion and the underlying get-rich-quick mindset gets old real quick. After reading John T. Reed's analysis on Rich Dad Poor Dad I doubt Kiyosaki's legitimacy even more.[/QUOTE] "Get rich quick" is the [U]exact opposite[/U] of what he promotes, however. Kiyosaki promotes a deliberate, long-term approach to wealth generation. Furthermore, the books authored by Kiyosaki are meant to be motivational, not actionable. They explain the "why?" of wealth building through investments, not the "how." For more actionable information, the Rich Dad Advisor series of books is a good place to go, as are any number of other books and book series (such as those put out by BiggerPockets). Books like "Start Your Own Corporation" and "Loopholes of Real Estate" are wonderful resources from the Rich Dad series for people looking to learn the ins-and-outs of asset protection through different kinds of corporate entities, and real estate tax advantages and benefits afforded to investors from the government respectively. [editline]14th July 2016[/editline] [QUOTE=Anti Christ;50697476]If [URL="http://johntreed.com/blogs/john-t-reed-s-real-estate-investment-blog/61651011-john-t-reeds-analysis-of-robert-t-kiyosakis-book-rich-dad-poor-dad-part-1"]this[/URL] is the article you're referring to, he brings up a concern that I've had in the back of my mind as well I'll have to see what else I can find about this, because I've been a little concerned about that, myself[/QUOTE] As I recall, his only mention of multi-level marketing was to praise the creativity of the business model, and to suggest certain MLM operations as potential sources for sales training for those just getting started? Keeping in mind, of course, that this is far from the [I]only[/I] avenue for sales training. The overarching theme of the book has bupkis to do with multi-level marketing, and multi-level marketing has shit all to do with investing in general. [editline]/[/editline] Look, I will always recommend [I]Rich Dad, Poor Dad[/I] as the first stop for ANYBODY considering investing. While this book will not teach you HOW to become wealthy, it will teach you how to think about wealth in the way that investors do. [I]Rich Dad, Poor Dad[/I] piqued my interest, introduced me to a new philosophy of wealth building, and started me down a path to wealth that I had long thought unrealistically difficult for the average person. Thanks to being introduced to this way of thinking through [I]Rich Dad, Poor Dad[/I], I went on to read two dozen other books from various sources. I discovered that not only was it [I]possible[/I] for the average person to build wealth through property investments, [I]it was relatively straightforward.[/I] It's been almost exactly a year since I read [I]Rich Dad, Poor Dad[/I], and I'm on the precipice of more than quadrupling my income. Once I have that inflated income stream, I know exactly what to do with to make it grow and work for me. This is because [I]Rich Dad, Poor Dad[/I] showed me a new way to think about wealth, and motivated me to begin educating myself about the process. [editline]/[/editline] Ultimately, Kiyosaki is more motivational speaker than coach. He tells you the "why" of wealth building through investments, gets you pumped, and fuels your curiosity and ambition. He doesn't tell you "how" in any kind of actionable way. However, there are dozens of other books out there that do. Most of those books are exceedingly dull, but incredibly informative. [I]Rich Dad, Poor Dad[/I] is a signpost that points you down the right path, and gives you the fuel to follow it.

Do you mind me asking how you increased your income so rapidly? Also, do you happen to recommend any of these more "dull" but informative books? I'm definitely looking for more informative books that explain the how in wealth generation. I'd be especially interested in those regarding setting up your own businesses and the like. Much appreciated

[QUOTE=Lucasz;50714158]Do you mind me asking how you increased your income so rapidly? Also, do you happen to recommend any of these more "dull" but informative books? I'm definitely looking for more informative books that explain the how in wealth generation. I'd be especially interested in those regarding setting up your own businesses and the like. Much appreciated[/QUOTE] I was inspired to pursue a career change, and am now joining a small real estate brokerage team that does $70m+ in annual business as a buyer agent. My first year sales goals have me pulling in $125,000 gross commission so long as I follow through with my marketing plan, which I'm subitting to the team late this afternoon for critiquing. This is compared to my current income of $30,000 annually working as a computer technician. I'll be happy to put together a reading list of all the books I've found especially helpful for you once I've had a chance to get the hell out of bed and wipe the shit out of my eyes.

Damn, good on you man. I'd be earning that once i have my master's, so to speak hah. Good going. If you could send me the list that'd be great.

[U]The Shift[/U] by Gary Keller [I]Primarily a book for real estate agents. The Shift deals with strategies to maintain and grow your business during economic downturns and periods of decreased demand for real estate. Very good.[/I] [U]The Millionaire Real Estate Investor[/U] by Gary Keller [I]This book is targeted towards those looking to invest in real estate. It's awfully dry, but lays out a solid model for property investments. Good book to learn the financial models behind investing, though it does lack answers to some of the questions that [U]new[/U] property investors are likely to have about how to calculate certain expenses, identify the right properties, analyze the investment health of particular neighborhoods, etc.[/I] [U]The Millionaire Real Estate Agent[/U] by Gary Keller [I]Another Keller book makes the cut. As the title implies, this one is not going to be very useful to you if you are not interested in becoming a real estate agent. If you are, however, it's completely invaluable. Like the 'Investor' book, it's quite dry, but an excellent resource for breaking down the models of growing a real estate business.[/I] [U]The Challenger Sale[/U] by Matthew Dixon and Brent Adamson [I]This book focuses on a sales strategy it dubs the 'Challenger' method, which stresses becoming a resource of information to your customer or client-- somebody who will challenge their preconceived notions about what it is they need, and back up that challenge by educating them on things they may not understand about their market. In building up a level of trust in your expertise, the customer is more likely to come to you for help and sales. Pretty interesting book that raises a lot of good points about sales techniques, but probably better suited for people who are specifically selling products, rather than acting as an agent or broker.[/I] [U]Traction: How Any Startup Can Achieve Explosive Customer Growth[/U] by Gabrielle Weinberg and Justin Maires [I]Painfully dull, but very informative. Traction is an in-depth exploration of the various channels of lead generation and marketing, useful to anybody who must promote themselves or their business. Very detailed, incredibly thorough, boring as dirt.[/I] [U]The Book on Rental Property Investing[/U] by Brandon Turner [I]Without a doubt the single best book on income-generating property investments that I have ever read. Incredibly thorough, actually engaging, and breaks down the process into the smallest units possible. It is an excellent beginner's resource, giving detailed answers to almost all the questions that a beginner property investor is likely to have, but meaty enough to be referred back to no matter what your experience level. I crack this one open on a regular basis to doublecheck figures and passages while working on my investment plan.[/I] [U]How to Win Friends and Influence People[/U] by Dale Carnegie [I]Aged, but still relevant. I would likely recommend that any professional, regardless of career field, read this book. It is primarily a guidebook on a how to be a likeable person. Sounds pretty basic, and a lot of it is, but the lessons within this book are well worth remembering and putting into active practice. I can thank my current situation, joining this amazing brokerage team, to working the lessons I learned in this book during my networking efforts.[/I] [U]Start Your Own Corporation[/U] by Garret Sutton [I]A "Rich Dad Advisor Series" book, Start Your Own Corporation is a very useful overview of corporate entities. It breaks down all the different kinds of corporations, such as LLCs, C-Corporations, S-Corporations, etc, etc, and explains the benefits and drawbacks of each one. The primary benefit of learning this, especially as an investor, is asset protection and tax benefits. Would highly recommend picking this one up if you're interested in property investments or starting a business of any kind.[/I] [U]If You're Not First, You're Last[/U] by Grant Cordone [I]Pretty cheesy book about dominating your marketplace, but a motivational one, and one that actually does offer some interesting strategies for generating business. Worth reading, but not necessarily a priority.[/I] [U]Negotiation Genius[/U] by Deepak Malhotra and Max Bazerman [I]Phewww. You want to talk boring? My god, I found myself reading this book. HOWEVER, you would be doing yourself a huge disservice by not reading it if you are entering into the professional field in any capacity. Whether you're negotiating your salary, the price you'll pay on your home or car, or even a multi-million dollar business deal, Negotiation Genius is critical to teaching you how to be an efficient and creative negotiator. It stresses a friendly and communicative form of negotiation, contrary to what you see on dramatic TV shows and gear about charlatans like Trump, where people are slamming their fists and making outrageous demands. This book helped me negotiate and INCREDIBLY good deal for myself on my new home a few months ago, and despite the fact that the sellers didn't get what they wanted out of the transaction, they still left feeling happy and confident in their abilities. That is the power of brilliant negotiation: finding a deal that makes everybody feel happy, even if one party probably shouldn't.[/I] [U]Financial Peace Revisted[/U] by Dave Ramsey [I]This is a very nice book for just about anybody. It teaches a responsible way to think about money, financing, debt, and budgeting. It's broad enough to apply to the average household, and sound enough to be a great foundational model for beginning to grow your wealth. There is no information in this book about investing or building businesses, it is strictly about financial literacy. Informative and fairly engaging. Fair warning,though, the author is very religious, and mentions Faith in God as one his strategies for achieving financial peace, haha. Aside from that, however, sound book. Worth reading.[/I] [U]The Sales Bible[/U] by Jeffrey Gitomer [I]I don't think I've ever personally hated an author more than this guy. He's brash, annoying, caustic, and generally unpleasant. However, The Sales Bible is a valuable resource for anybody involved in business transactions, whether it be as a real estate agent or a used car salesman. Most of the advice could probably be summarized as, "don't be a pussy!" but behind the irritating machismo is some sound advice regarding productivity, efficiency, marketing, customer interaction, etc. Definitely worth reading, but prepare to roll your eyes at the narration.[/I] [U]The Psychology of Selling[/U] by Brian Tracy [I]Phenomenal book, and delivers exactly what it promises in the title. This is an exploration of the psychology and sociology of selling people things, offering a wealth of advice regarding how different techniques and strategies can be used to convince people to buy. It not only teaches you strategies, it explains how and why they work. Definitely a must-read for anybody involved in a transactional process.[/I] [U]Free Marketing: 101 Low and No Cost Ways to Grow Your Business[/U] by Jim Cockrum [I]I only got about halfway through this one, I admit. It was just too boring. It was, however, educational. I'll be revisiting this one when I'm finished with my current book, most likely, as it does deliver what it promises: a variety of different marketing techniques that can be pursued with a shoestring budget.[/I] [U]Influence: Science and Practice[/U] by Robert Cialdini [I]Fucking fascinating book. So goddamn interesting. It is somewhat similar to "The Psychology of Selling," referenced above, though it dives much deeper into the psychology and sociology of influencing people towards certain actions, and focuses less specifically on actual sales strategies. This book is amazing for anybody, regardless of professional position. I learned so much about the way that people think and behave reading this book. The world just makes more sense now. With a little creativity, and an understanding of sales principles put forth in books on sales training and such, much of the information in this book can be put to good use. I can't recommend it enough.[/I] [U]Loopholes of Real Estate[/U] by Garret Sutton [I]Another "Rich Dad Advisor Series" book, Loopholes of Real Estate lays out various benefits and tax advantages to be had while investing in real estate. Nothing in this book is shady or unscrupulous, however, despite the attention grabbing title. The benefits are intentionally laid out by the government to be used for just such purposes. One of the most valuable sections of the book is its exploration of the 1031 exchange program, a way to defer paying capital gains taxes when buying and selling investment properties by rolling over the proceeds into new investments. Definitely worth reading, and actually fairly interesting.[/I] [U]The ABCs of Real Estate Investing[/U] by Ken McElroy [I]Another "Rich Dad Advisor Series" book. This one actually expands on the "how" of real estate investing, laying out some specifics regarding choosing good properties, how to negotiate for them, how to analyze their actual value and what you can afford to pay, etc. An insightful book with at least a few unique and worthwhile pieces of advice, though it's a pale compared to "The Book on Rental Property Investing," referred to above.[/I] [U]Rich Dad's Guide to Investing[/U] by Robert Kiyosaki [I]Honestly, you could probably leave this one unless you are brand new and still looking for more motivation on the "why" of property investing. This is essentially a continuation of "Rich Dad, Poor Dad." Don't get me wrong, it's very interesting and can help to expand your understanding of the mindset of investors! It's not very instructional in nature. It's just an interesting story that can help get you inspired to digging deeper into the world of property investing. Like I mentioned in a previous post, Robert Kiyosaki is more motivational speaker than teacher.[/I] [U]$100 Startup[/U] by Chris Guillebeau [I]This one is interesting, but only really relevant to people looking to start small businesses. It is essentially a collection of "success story" interviews with people who started up small businesses with very few initial resources, detailing the challenges that they faced and the methods they had to employ to overcome them. It's an interesting book, and it definitely gets your wheels turning. Worth reading for anybody who might be considering starting a small online business.[/I] [U]Think and Grow Rich[/U] by Napolean Hill [I]The original motivational book on wealthbuilding. It is very old, but very worthwhile. Obviously, it doesn't have sales or marketing strategies in it, at least none that would be relevant in modern times, but it does help you to understand the driving forces behind people who go on to build business empires. It helps put you in the correct mindset, to begin considering things from the point of view of a wealthbuilder. Most everybody who has gone on to create economic machines can reference this book as a notable influence.[/I] There are a few others on the shelf that I can't immediately recall, but this is the lion's share of what I've read in the last year. I've got a list of books that I still mean to read at least as long as this, though-- it's growing faster than I can keep up. You can learn almost everything you need to know to succeed in business and investing by jumping into books. They are the most powerful resource you have. Not taking advantage of them would be a shame! If anybody else here wants to add to the list, I'm always looking for suggestions!

You just provided the definitive resource that I will be referring back to over the next couple of months. Thank you very much for this list.

Whoa thanks, thats a much more thorough list than I expected, sweet! I've always been interested in real estate and investing, but found it rather difficult to get into. Mainly due to me being relatively young. I hope this will help me out, time to start grinding through this. Btw would this thread be okay to discuss topics/content of the aforementioned books in? I'd probably be interested in such talk.

Yeah, of course.

I'm not sure if this thread is the right place for this but I'm moving out in a month and if anyone has any tips on how to save money and just get the most out of living alone I would really appreciate it. I will be moving to the northern part of Sweden to study for 3 years, I have no family or friends there yet so I will be on my own. I've started planning out what to take with me and so far I have come up with this list: bed work-desk drawers for clothes laptop mechanical keyboard for writing essays toolbox for minor repairs laundry basket bin bookends clothes pencils, notepads etc Am I missing something crucial here? I will be living in a 13 m^3 room, I want as much open space as possible for easy cleaning and good feel. I also don't want to fill my room with things that will distract me from studying like a TV or a stationary computer. I love reading so I'll just go to the library for pass-time entertainment I reckon.

I have no capital to start investing or generating passive income. Where I live it's almost impossible to save money it would seem and even very cheap investments are quarter million dollar investments. I really don't know where to start besides leaving my home which isn't an option for a multitude of reasons

[QUOTE=HumanAbyss;50717664]I have no capital to start investing or generating passive income. Where I live it's almost impossible to save money it would seem and even very cheap investments are quarter million dollar investments. I really don't know where to start besides leaving my home which isn't an option for a multitude of reasons[/QUOTE] Tell me a bit about what's going on in your life. What are the conditions keeping you tied down to your hyperinflated housing market?

[QUOTE=Big Dumb American;50717943]Tell me a bit about what's going on in your life. What are the conditions keeping you tied down to your hyperinflated housing market?[/QUOTE] My fiancé doesn't want to leave the province, and neither do I as it is the nicest place to live and neither of us have any family anywhere else not know anyone else anywhere else. Most of Canada isn't a place I want to live so my options are to move south to the states which would be difficult for a variety of reasons(re learning my trade as it functions in the US would be hard and likely time consuming). Most of my money goes to rent and car insurance followed by paying off my old debts like a credit card balance. This is the first year I've stayed at one job that wasn't in the film industry so it's my first real year with steady and solid employment since I broke my back some years ago. Beyond the familial and career based reasons, BC is the most beautiful place there is, quiet and often calm. It's my home and I'm reluctant to leave. I don't make much money as this is my first year in this job, and I've only recieved one raise and cannot perform the actions in my job that lead to real money as I don't have my level 2 and 3 license yet because they're expensive and time consuming to go after on your own time. My company will pay for that down the road, but not for another year at least so I'm stuck working for a break even point for the next 18 months or so. That alone is sapping my motivation.

Yeah, I can definitely see where you're coming from then. I can understand just wanting to take a few years to pay off the last of your debts and get your career rolling. Nothing wrong with that, man!fYou might be best served just taking some time to get your ducks in a row, you know? However, other options might exist for you if you seriously want to consider investments. It is possible to do property investments, without having any money on hand yourself, using hard money lenders. A private lender can finance investment deals in exchange for a cut of the profits. Loan approval is based on the merit of the proposed deal and the expertise of the person handling it (IE- you). Finding these lenders typically requires having the right kinds of relationships, and being able to present a great deal and sufficiently convince the lender of your ability to make it work. Consider finding local investment clubs (check meetup.com, maybe?) and putting yourself out there. Attend meetings, networking events, and seminars.Talk to people, share your goals, ask questions, and invite anybody particularly interesting out for lunch, coffee, or a drink so that you can pick their brains. One good goal for you during this might bebe to try to connect with a house flipper (somebody who purchases distressed properties, rehabs them, and sells them at a profit). Ask him about his projects, see if he's working on anything. Ask him questions relating to his criteria and methods. Express genuine interest! Build credibility as an honest, eager, and driven understudy, and then inquire about shadowing him at one of his properties so that you can see how everything works in action. Be willing, of course, to invest some sweat equity in your education, if you are capable of doing so with your back injury. Volunteer some manual labor to help him save money. Flippers need to maximize their profit, so somebody willing to donate a day of unpaid labor knocking out drywall and pulling up old carpet in exchange for information? That's valuable. Learn everything you can, build trust. Become involved in projects, and as your confidence raises, begin seeking out opportunities. Once you're able to identify the right opportunities, put a deal summary together and present it to a private lender. Your flipper mentor will probably be able to refer you to somebody. Hell, he might even be willing to invest in the project himself given his faith in you, assuming you've been building trust during your time with him. And that could be your foot in the door for a future of property investments despite limited capital. Generally speaking, I don't like fix-and-flip strategies. They're not BAD, they just aren't my personal area of interest. I prefer a longer term source of passive income from a rental property. In the long term, it's a much more rewarding approach. For you, however, it may be the perfect starting point. Flipping is an excellent way to quickly build short term capital, which can then be used to finance other projects. It is relatively low risk, as well. Learn the models and criteria, make the professional connections, and you can be successful at it.

I'm not in a rush to get rich quick or anything like that. I've never looked into house flipping, but I always thought of it as almost a scam or at least not what it's cracked up to be? I have carpentry, cabinetry, and restoration skills from stints at different jobs all over the place so it's not out of the realm of possibility with my back on a good day. Even though I've been out of the film industry for well over a year, I recently got a week call to run a crew. It was probably sent to a few people, but that's not a common thing. The timing was shit because it was during a vacation I was already on, but it got me thinking I might have to take some weekend jobs to fill in the gaps if I have to. I'm just very reluctant to go back to that world and risk my back. I enjoyed my work and gave it my all and that's what fucked my back. So to go back, I know myself well enough to know I'd give it my all again and that may be a bad risk, ya know? I'm curious about looking into the house flipping concept if I need the money in the short term future, but I've always had a serious skepticism about it. My mother is a real estate agent so I possibly have inroads or knowledge to gather from there. I don't have a shit ton of motivation after having done this job for 7 months and feeling like I work fairly hard for where I'm at in my career and I know I show eagerness to learn and I enjoy my office, but it feels like there's very little to do to gain a foot up, and it does feel like I do just have to wait. Money's tight and knowing that's going to keep going is a little more than disheartening, but I guess that's common as can be.

House flipping is not a scam at all, no, but wary of the "house flipping workshops," because those often ARE! They try to rope you into "private mentorships" with people, and charge you thousands, even tens of thousands of dollars for information that you could easily learn by talking to people on BiggerPockets and reading a book or two. Some TV guys have a pretty notorious one that sends out "free tickets" inviting people to attend a seminar on the ~secrets of flipping~. Naturally the seminar is just a sales pitch for their special paid workshops and mentorship programs. Aside from that that, flipping is a legitimately worthwhile job. Just keep in mind that it IS a job. You are still working for your money, finding deals and renovating properties. There are also certain risks associated with flipping when compared to longer term investing, especially if using private money lenders-- mostly in the possibility of being unable to sell the property quickly enough and seeing your profit margin shrinking by the day. All that said, though, it's a pretty straightforward process once you know the right models and criteria, and the profit is certainly attractive. The same person who wrote "The Book on Rental Property Investing," the single best book I've found on the subject of income generating rental properties so far, wrote another book specific to fixing and flipping. Would be good to check out, I bet! At the very least, it should be able to help you learn enough about the process to decide whether or not it's right for you.

[url]https://www.amazon.com/Book-Flipping-Houses-Residential-BiggerPockets/dp/0988973707[/url] If this is anything like their book on Rental properties, it will be WELL worth your time to check it out.

Hey BDA, is there any book on that list you'd recommend someone to start with? I'm thinking The Book on Rental Property Investing right now, as you mentioned it is a good book for beginners.

[QUOTE=Lucasz;50721802]Hey BDA, is there any book on that list you'd recommend someone to start with? I'm thinking The Book on Rental Property Investing right now, as you mentioned it is a good book for beginners.[/QUOTE] You really can't go wrong with that one. It is incredibly thorough, never fails to explain basic concepts, and deep enough to refer to for years to come. Easy to read, too.

Tell me if I'm doing this adulting shit right: Graduated high school on June 3, Since then I've been accepted to a few colleges but am going to the local community college for Accounting simply because it is hilariously cheaper and I'll literally be getting paid 2k/semester thanks to the pell grant to go there, and they have fantastic transfer programs to any of the state schools (I live in western Mass) I'm starting a job that will allow me to work nights during the week and days on the weekends and they'll accommodate my college schedule as soon as I get it to give it to them(Night Crew at Big Y, basically unloading trucks stocking the store and making it pretty over night), I have a checking and savings account, like 1k and 5k in there respectively from previous jobs, and I just got approved for the Capital One Platinum card with no monthly/yearly fees and a $300 credit line. I had a car of my own that I purchased on my own but due to my step dad leaving and royally fucking us over by taking anything with his name on it (both cars my mom owned but had registered to him for whatever reason) my mom is using mine primarily and I will be buying a new car with the excess money from the pell grant and possibly from my savings. Am I doing this shit right? Anything else I should be doing? Doing anything wrong?