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Originally Posted by nazia
save whatever $$ you make right now until you finish college
you're too young to become a landlord right now... save save save and finish your education
then a whole wide world of opportunities will open up for you
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Gee, that's odd. I didn't see him mention his age at all...
Although I'm not trying to get on your case specifically, often times I see many "older" people saying this about younger adults.
To be blunt, it sickens me. Exactly at what age does one become capable of making sound financial decisions?
Perhaps I'm jaded - maybe even an unusual young adult, but by the age of 20 I owned my first rental property. I am well diversivied in stocks and bonds, as well as mutual funds. At the age of 18 I began saving for retirement, and even if I stopped saving right now, I have enough put away to live comfortable if I were to retire at the age of 55. I have even started putting money away for my children's education - children that haven't yet been concieved, and probably won't be for several years.
Am I proud of my accomplishments? You Bet - but I don't try and gloat about them. Financial Investments have little to do with age per say, much more to do with maturity, responsiblity, and having goals set out to accomplish.
Don't dismiss the possiblity of someone becoming a landlord based soley on their age - the only difference it makes is that the younger you start investing, the more rewards you'll reap.