How to Get Rich at 19.
FULL TRANSCRIPT
i'm 19 years old i'm in college right
now i've got a thousand bucks in the
bank account i've got 8 000 bucks in my
roth ira but i can't use it as
collateral
i'm wondering
uh so in the next year i'll be working
i'll probably make 20 grand within the
next 12 months i'm wondering what can i
do with 10 to 20 000 to get started in
real estate or just to have a good start
to make more money to then get into real
estate i'd like to get into something
significant that um
cash flows a decent amount
yeah i mean the first thing we got to
figure out how to do is go from 20k of
income to more there's no don't bother
trying to buy real estate and
yeah
yeah i'm in college listen i would i
didn't go to college okay so you know
but you know if you're in college that's
important because you're setting
yourself up i hope you're studying
something you like and something you
plan on going into right yeah i'm going
for civil engineering
that's great
you're on the right track right now you
need to focus on college i mean kevin
you know has had the same idea i've been
telling people you know if you're in
college where do you live no i live in
an apartment living in a bomb are you
paying rent i do i pay 700 bucks a month
right now is it your own problem you
need to share your bombing i share it
with three other people
but they each pay 1000.
right now focus on college get your
engineering degree that's a ticket to
help you in real estate and then get
your career going because your career is
something you're always going to be able
to fall back on and then you do real
estate next on the side but if you can
invest all these years in college to be
an engineer that's what you need to
focus on that should be your short you
well it's a short long term goal and get
it done get established didn't worry
about real estate later in the meantime
soccer every time you can yeah and
another thing too is if you're going to
college for four years and then you get
a job coming out of college you can
qualify as if you've already got two
years of work experience you get a job
right away and say civil engineering uh
right out of college so that's an
opportunity what i like doing during
college though was uh honestly get your
real estate license and start trying to
sell some real estate because you pop a
deal or two that's 10k every time
potentially you know and that's an easy
side hustle during college
he's right he's 100 right if you go and
get your license your real hustler type
and you can handle your studies and and
you can be out there on the weekends or
at night showing places or helping
people buy houses or whatever way to
make an extra income it's a license to
make money licensed to make money like
you know when i was in college the thing
that i loved so much is i would tell my
clients oh this week i have appointments
tuesday and thursday but i could help
you on monday wednesday or whatever they
didn't know that that's when i had
classes they didn't know what my
appointments are and they don't need to
know my appointments could be visiting
ben or going to the spa or going to the
spa with ben
we're going to talk later about uh your
deep issues that you have
but that's all right anyway yeah that's
it i mean you know focus on your your
career and get that stable because then
you can always fall back on that life
all right
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