What's on my mind:
Feeling Awesome!
PakistanZindabad
Have a life, read a book, there are many things you can do in the time you spend playing games. save up money while you have a job, find a house for 100k-120k dollars, it can be in OK condition but not doodoo, you can pay the amount upright but I assume you don't have 100k or wouldn't like to spend that much.then ask the bank for 3%-10% down on the house (Down Payment) which is about 3000 dollars to 20,000 dollars but 20,000 is necessary, 3 k-5k-10k will work but you will have to pay a monthly mortgage, the more bigger your down payment is the less mortgage you have to pay, so now the house basically belongs to you and you have to pay every month for the mortgage, now the fun part is that after renovating the house
(which you should to increase the value of the house and have someone in it to live) you can put a tenant in it (someone who wants to live in the house and pays you a monthly payment) and you can make the rent (depends on the number of bedrooms and baths) 1400-1700 and have that profit each month, but don't forget you have to pay the mortgage, so lets say my mortgage is 900 dollars a month (which is negative) so 900 dollars from the mortgage subtracted from my profit which is 1400-1700 is 500-700 dollars a month in profit, I can wait until my profits make up for the money I invested with (5k-20k) and then get profits and then I wait for a period of time (3-4) years and because of appreciation the value of the property goes up (it rarely goes down).Before the value of the house when I brought it was 100k and now its a 140k, and now I can give another investor a good deal and sell it for 130k (10k below the value) or I can give it to a family for 10k-20k above the value (they wont care because all they want is a home for themselves and they probably wont know too.) so If you gave it to a smart investor for 10k under the value it will be a good deal for both of you, and you would get 30k in profit + plus the rental profit you use to get before, if you sold it to a family for example 150k I would have gotten 50k in profit + the rental income I got before, I just held the house for a few years, of course when you think of getting 20k-50k profit in a few years of course its slow but if you do it to multiple houses you can be a millionaire in 4-6 years, the more money you invest with the better, this is just one thing you can do with real estate, you can do multiple things such as buying houses and then immediately selling for 10k-20k profit, but you can also not sell the houses and have a tenant in each one and get more houses and then renovate and put tenants in them and keep holding them and getting profit each month instead of selling, my landlord get 11,000 a month (100k a year) from 4 properties, he holds the duplexes and houses and doesn't sell them,
you can do real estate which isn't that risky but you can also try stock trading or Forex trading (recommended) and make profits, its like a market, buy low, sell high, there is a lot of free knowledge in the internet that you can learn and apply, it is never too late to do anything, and if your age is small thats ok, you can make a plan on what to do when you turn 18 (like getting a credit card to have a good credit score, etc) or what to do after college. (like not using your money to pay student debt but instead using it to invest and then using the profit to pay yourself first and then the debt. you can learn Forex trading or stocks online and start next month after learning but be careful because you can lose all your money in one minute trading. or you can do code too but don't spend too much time on the computer. focus on mental health and physical health too. The thing im trying to say is that don't waste your time, if your bored and still playing games, then learn about money or maybe religion or spend time with what ever matters do you.
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Join Date: 14/06/2020
Last Online: 3 years ago
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