I am 25 years old. One year on my resume, as an internal auditor, with heavy international travel, and a Masters in Accountancy. I hate accounting-I pursued my degree to get some money sense. I would like to run my own show one day. I took a job inland. When I started working, I planned on working for a year or two and then travelling. I have shelved the travel until I am financially independent, plus the fact that I have been to 6 countries in the last year for work. I still really want to go to Hawaii to surf. I know I am young enough, and in shape to go surf the big waves and fear that too much more time away from the water will take a serious toll on my surfing. I live in a growing metropolitan area, with a great potential to invest in real estate. I know the area will still be growing in a year.I am caught between surfing and starting to invest in real estate. I maxxed my Roth for the year. I would work almost any job to keep my current money. I have a free couch to stay on in HI.
2006-08-20 06:29:16 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
I agree with CS and ZF. Go surf! And consider starting a business in the surf industry! You've heard the old saying, "if you enjoy your field, you will never work a day in your life". I have first hand exp in this, as I worked office jobs most of my life to make a living. When I decided to go after what I liked, investing in stocks and commodities, I ended up doing quite well, and have never "worked" a day since.....plus, I'm better off financially. I also believe that real estate is not a good place to be right now, and will be a better investment in a few years. If you enjoy surfing, you will probably enjoy a business around that, and it could pay for both your surfiing and investment in RE. Good luck!
2006-08-21 07:27:27 · answer #1 · answered by jazzzame 4 · 0⤊ 0⤋
I am 23 and I am currently a full time real estate investor - my advice to you is that if you have enough money then invest the majority of it in real estate and take some of it and go to HI and surf. Real Estate has made many millionaires (not saying that it will make you one) , but the potential is there. You only live once so if it were myself and I had the money and no family (wife and kids) I would do both.
2006-08-20 14:49:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I'm the mother of a 22 year old son and 20 year old son. Take the risk and go surf! If you have no wife and kids, now is the time! You don't want to look back in 15- 20 years and say "I should have"- Accounting will always be there as will investing! Go for it! Try the dream of surfing- you have nothing to lose but if you begin your career, trust me- you'll be stuck! Car payments,. insurance, rent or mortgage, etc. - go find that couch in Hawaii and know you won't regret it!
2006-08-20 06:39:02 · answer #3 · answered by C. S 4 · 0⤊ 0⤋
Why not try to make money and surf at the same time? There are plenty of ways of making huge amounts of cash and to be frank I don't think the real estate market in the US is that stable right now. That party might be coming to an end within a year or two.
2006-08-20 07:26:58 · answer #4 · answered by Z F 1 · 0⤊ 0⤋
Nice dream, but there are many advantages as a homeowner.
I don't know how much you make, but one of the reasons I bought my home when I did is because I made too much money .
Every year the government was taking a large portion of my earnings. There is plenty of time to follow your dreams but get your finance out of the way first.
2006-08-20 06:57:54 · answer #5 · answered by Grandpa Shark 7 · 0⤊ 0⤋
I'm a few years older and all I can say is go do it. You will not regret going and doing what you want to do. You have another 40 years of working to look forward to, so if there are physical activities you can do now, go do them.
I missed a lot of my mid-twenties busting my *** at work and I now regret those years quite a bit. You only live once.
2006-08-20 08:38:56 · answer #6 · answered by NordicGuru 3 · 0⤊ 0⤋
I would save/invest your money. The earnings that money could make at your young age will pay real dividends when you are older. You are young and have plenty of time to travel.
2006-08-20 06:35:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋
read tips and articles on investing and stocks that will help you more on this site
2006-08-20 07:41:08 · answer #8 · answered by Anonymous · 0⤊ 0⤋
invest
2006-08-20 06:34:55 · answer #9 · answered by akg 3 · 0⤊ 0⤋
do what you feel what is right. i would follow my dream
2006-08-20 06:35:17 · answer #10 · answered by ? 2 · 0⤊ 0⤋