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HokieHutch

Joined: 12/28/1999 Posts: 5351
Likes: 1430


Only other thing I would add beyond my other posts ... careful


Not to be too much in the market. When I was your age, I was 100% in market which has helped me for sure. I have made a good deal of money and feel comfortable that I will retire well. However, I wished I would have gotten more into other passive income streams like real estate. If you have the chance to start to accumulate income bearing properties then I recommend that ... but look for someone you trust to help you manage them IMO while you learn the business.

Passive income is really the key to getting rich unless you can invent something great or luck into early IPO/etc. Having your money make you money without you putting much effort in is huge. I am preparing to buy two apartment buildings this quarter to collect more "doors" and to dabble in commercial real estate. For you, it might be buying a duplex and living in half while renting the other half. Great way to make more money and drive up net worth. That way you can focus on both the ROI and the ROE of the investments.

My $.02


(In response to this post by MP4VT2004)

Posted: 01/17/2018 at 1:49PM



+1

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