How can I start now?

Hi Tig3r and welcome!

Firstly – my initial thought (and I fully understand that this is a gross generalisation!) is that being a passionate athlete, you are motivated and determined to succeed in whatever you do. So that is a great (and essential in property investing!) start!

My second thought is that you have made the best move possible by discovering this forum – it is an absolute wealth of information, and an invaluable FREE resource! Use it and maximise its potential to assist you in your goals – whenever you have a question, do a search to see if that question has been answered before, and if not, ASK IT! Then filter the answers you get and do some further due diligence to ascertain the way ahead for yourself.

Thirdly, by making a start at 19 yrs old, you are setting yourself up for immense success in the yrs ahead. Most people your age (as you will no doubt be very aware – probably to your unending frustration when you want to talk to someone about what you are doing!) have no idea about property investing, or in fact anything but partying and having a good time! (Not that there’s anything wrong with that!). So you are streaks ahead of your peers in that regard – well done!

Right – enough blowing of sunshine! You asked for suggestions on where to start investing. I thoroughly agree with Shwing for starters – never waste an opportunity to learn, and you are in the fortunate position of studying finance which is central to all things related to wealth. Don’t waste this opportunity! Learn as much as you can.

I also agree with Shwing that there is no need to wait a moment longer to start actively investing. You may not currently have enough money to put a deposit on a house, but you need very little to put some away into short term investments – term deposits, shares, etc etc. The best way to learn is to have your money on the line, so do a bit of research and then make a start.

The only other bit of advice I have for you is that there are lots and lots and lots of ways to make money. If you choose property investing, that’s a great start, but even within property investing there are still lots and lots and lots of different methods you can use. The trap many people fall into is that they get into property investing, start learning about a certain strategy, then hear about another and are sidetracked into learning about that one. Then they hear about yet another and again they are sidetracked. And eventually they are THEORETICAL experts on many different strategies, but they haven’t actually DONE anything using any of them.

The point here is that I suggest you do some research, then decide on a strategy that seems to sit right for you, and become an expert in that strategy. Sure there are lots of other ways of making money, and you will be tempted by many of them during your journey, but IGNORE them and concentrate on the one you have chosen. After a while, you will have some practical experience under your belt, the money will start coming in, you will become even more expert at your chosen strategy, and eventually your income from this strategy will exceed your expenses – and then you are financially independent! After that, you will then have the luxury of doing WHATEVER YOU WANT – and if that means you then go and learn about all these other great money making methods then so be it. But the point is – SPECIALISE initially. Become an expert in one area. Then when you are successful in that area, THEN diversify. But don’t allow yourself to become sidetracked by every “new” method that comes along.

Right – I hope that gives you a bit of food for thought!

Best of luck, and I look forward to reading about your successes!!!

Cheers,

Adam

Oasis Finance
for your Vendor Finance solutions
Achieve the Dream!
[email protected]