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How to Get Rich at 19.

2m 52s663 words94 segmentsEnglish

FULL TRANSCRIPT

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i'm 19 years old i'm in college right

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now i've got a thousand bucks in the

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bank account i've got 8 000 bucks in my

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roth ira but i can't use it as

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collateral

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i'm wondering

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uh so in the next year i'll be working

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i'll probably make 20 grand within the

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next 12 months i'm wondering what can i

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do with 10 to 20 000 to get started in

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real estate or just to have a good start

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to make more money to then get into real

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estate i'd like to get into something

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significant that um

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cash flows a decent amount

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yeah i mean the first thing we got to

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figure out how to do is go from 20k of

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income to more there's no don't bother

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trying to buy real estate and

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yeah

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yeah i'm in college listen i would i

0:40

didn't go to college okay so you know

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but you know if you're in college that's

0:45

important because you're setting

0:46

yourself up i hope you're studying

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something you like and something you

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plan on going into right yeah i'm going

0:50

for civil engineering

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that's great

0:54

you're on the right track right now you

0:56

need to focus on college i mean kevin

0:58

you know has had the same idea i've been

1:00

telling people you know if you're in

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college where do you live no i live in

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an apartment living in a bomb are you

1:05

paying rent i do i pay 700 bucks a month

1:07

right now is it your own problem you

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need to share your bombing i share it

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with three other people

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but they each pay 1000.

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right now focus on college get your

1:15

engineering degree that's a ticket to

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help you in real estate and then get

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your career going because your career is

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something you're always going to be able

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to fall back on and then you do real

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estate next on the side but if you can

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invest all these years in college to be

1:28

an engineer that's what you need to

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focus on that should be your short you

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well it's a short long term goal and get

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it done get established didn't worry

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about real estate later in the meantime

1:37

soccer every time you can yeah and

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another thing too is if you're going to

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college for four years and then you get

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a job coming out of college you can

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qualify as if you've already got two

1:46

years of work experience you get a job

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right away and say civil engineering uh

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right out of college so that's an

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opportunity what i like doing during

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college though was uh honestly get your

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real estate license and start trying to

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sell some real estate because you pop a

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deal or two that's 10k every time

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potentially you know and that's an easy

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side hustle during college

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he's right he's 100 right if you go and

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get your license your real hustler type

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and you can handle your studies and and

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you can be out there on the weekends or

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at night showing places or helping

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people buy houses or whatever way to

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make an extra income it's a license to

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make money licensed to make money like

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you know when i was in college the thing

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that i loved so much is i would tell my

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clients oh this week i have appointments

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tuesday and thursday but i could help

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you on monday wednesday or whatever they

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didn't know that that's when i had

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classes they didn't know what my

2:29

appointments are and they don't need to

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know my appointments could be visiting

2:31

ben or going to the spa or going to the

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spa with ben

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we're going to talk later about uh your

2:38

deep issues that you have

2:41

but that's all right anyway yeah that's

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it i mean you know focus on your your

2:45

career and get that stable because then

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you can always fall back on that life

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all right

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