Save up like $300 a month from 2 fast food jobs and do investments and save up for a down payment on a home and rent it out and profit and continue to your road to financial freedom. Is it possible? How long would it take you as well?
2006-11-20 13:55:30 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
Oh dear, your situation sounds dire.
In investing, there are risks to be taken, sometimes you may lose money but mostly, you can't touch your money if the market is down and your market is lock-down for an unknown period of time. Are you prepared to lose money? Or are you prepared NOT to touch your invested money for the next 20-30 years?
I would think that your current financial background is not as strong, therefore, you should not be thinking of investments at this time.
Get your fundamentals right first. The above answers are sensible, get a degree, get a good job that pays you maybe $3-$4k/mth, then you would have spare change every month in excess of $1k to invest.
2006-11-20 14:14:21 · answer #1 · answered by floozy_niki 6 · 0⤊ 0⤋
You can do amazing things with 300 dollars a month if you do it consistantly over the years.
I do not know how old you are, but if you are in school age, you'll probably get more result for your effort if you concentrate on your study rather than have two fast food jobs, and get into better earning jobs with potential for advancement.
You have the right idea, but don't be so hasty. If you want wealth, think in long term.
2006-11-20 14:06:05 · answer #2 · answered by tkquestion 7 · 0⤊ 0⤋
if you are really interested in investing, I would invest in yourself first-- get a degree. Also, it will take a long time to save enough to buy a house from fast food jobs, nor will they provide enough security for you to get a mortgage. I would try and start your own business, like a lawn mowing service in the summer or shovel driveways in the winter or something.
2006-11-20 14:05:35 · answer #3 · answered by DW 2 · 0⤊ 0⤋
i'm beneficial there are experts and cons to the two, yet i could take retail over quickly food. "oftentimes" a job in retail is composed of working with people who look and act somewhat extra expert. (i do no longer evaluate Applebees to be quickly food, i'm talking burger joints like McD's or BK, and so on) additionally, except it extremely is a trip rush, retail probable isn't as chaotic and demanding. i could dread working thecontinual-via at an understaffed quickly food place. quickly food places many times have a extreme turnover value. a week, you circulate in, and that they have a clean team.
2016-11-25 22:04:11 · answer #4 · answered by ? 4 · 0⤊ 0⤋
OK, but no popcorn dates, rental tuxedos or overdrafts.
Fast food jobs are fine if you call Zaire and get connected to
the stocks and mutuals that are good for economic experts.
2006-11-20 14:01:03 · answer #5 · answered by mtvtoni 6 · 0⤊ 0⤋
Sounds possible, but you cant have any major bills.
2006-11-20 14:03:27 · answer #6 · answered by Anonymous · 0⤊ 0⤋