I'm 18 and this is also my goal, although I don't want to stop at just a million dollars by my mid 20's I'd like to go further.
I'm not all tha creative so I'm not likely to invent the next google, or some awesome product that everyone wants. So I'm looking at going through stocks / forex / real estate, and perhaps a ventue someone might want funding for ;p
But we'll see how it goes I guess
Quote:
Originally Posted by jpletting  So... I guess my suggestion is that real estate is a great place to start for beginners, as long as you have a great mentor. (I know this is what all the "gurus" say, but it's true! It's just so hard to find...) |
Yeah real estate would be an exellent place to make money, mainly because of the excellent leverage you can get from property. The problem is you do need some steady income to secure a mortgage, which can be somewhat difficult for a college student. Although there are other options such as using your parent's house as collateral to your own mortgage, although there needs to be a lot of trust between you and your parents, and if you screw it up...
Mentors. This is something which is great about real estate, there are a lot of like minded people that invest in real estate (and are active in the property investing communitiy), and they are always happy to have lunch with an aspiring property invester and are often also happy mentoring them.