How Should I Invest 20K at the age of 20?

[Osvaldo7354]

I am current 19 and a Realtor still trying to find my footing in the business. I work a part time job for now and plan to sell a couple houses by the end of the year. That being said by next year I should have at minimum 20K, at first I was thinking of buying a rental property to generate cash flow but am I missing a better opportunity that I don't know about?

 

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[BizyDad]

You are making plans to spend money that you don't have.

Instead of worrying about that, worry about how you're going to sell enough homes to have $100k between now and early next year.

Once you have the 20 grand in the bank, then worry about how to spend 20 grand on something smart.

 

[MJ DeMarco]

GOLD! - MINDSET - The final solution to all "I have some money what do I do?" threads.

It was definitely the most potent idea of Rich Dad poor dad, but it really didn't sink in until I read TMF because it was explored outside real estate in such a comprehensive way. It all boiled down to the answer to this one question... We see it on here all the time: "I have a thousand...

www.thefastlaneforum.com

 

[ZackerySprague]

Here's a challenge, turn that $5k of it somehow into $10million! AND..... GO!

 

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[brosky]

I lost a lot of time and effort thinking like this. "Should I do X, or is there Y that'll make me more money?" It's a fools errand. Focus on your strengths, if you're in real estate and you know what you're doing def start building a real estate portfolio. Ignore all else.