Quote:
Originally Posted by willravel
So, you'd want a decent amount of capitol to invest to begin with. Do you know how you'd actually enter those careers?
|
I've already started, I bought my first 1 bedroom condo in Las Vegas in 1999 with $6,000 down payment. I bought at $60k and it's now valued at $181k. I'm 1/2 way into the 15 year mortgage.
It isn't Trump but it's a start.
Leveraging the equity in the condo, I'm now looking to buy a 2-4 family dwelling somewhere in the US. That covers the real estate.
Investments, I contribute to my 401k which will give me somewhat of that ability in the future. I have some outright stock purchases, but not many. I really need to get on the ball and purchase more mutual funds.
Royalties, well, that's about an invention, creative something, which is a shot in a million. It's the one that I have the least amount of control and most doubts in succeeding.
edit: I forgot to add my own current living quarters, I live in a 1 bedroom in Manhattan, in one of the last affordable areas. It will probably be a place we never sell because it gives us a place to stay and live when we visit NYC. I bought it 4 years ago and was trying to convince others to buy in the same area. I bought for $265k and comprables are going in the $400k range. note I was renting even though I owned someplace in Las Vegas, I couldn't afford to buy where I lived, so I bought where I could afford.
__________________
I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
Last edited by Cynthetiq; 09-20-2006 at 09:48 AM..
|