financial strategy for mid to late 30's couple help!?

Question

I have a bachelors degree. my husband came to this country a few months ago. he has 3 years of college I am 35 and he is 39. We have no savings. It is hard for us we live in NY. We want to start a business and save $$ for our future. He will start working soon, I only make $36,000 per year, and most likely he is starting out with low paying job. ANy suggestions or strategies? I feel like we are losing even before we start, any helpful advice will be greatly appreciated.

Answer 1

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Answer 2

If you have no need to stay in NYC (family, job, etc) I agree - move to a much lower cost of living. I must say I have been traveling to Jackson, MS for business lately and I am very impressed with what's going on down there. It's certainly a nice alternative to NYC winters.
Anyway, the best thing for the two fo you to do is to build a budget that puts some money into savings every month. It's a very important lesson.
Then, I'd try to find a 2 or 4 family house that you can buy to live in and rent out. Hopefully you'll be able to collect enough income from your tenants to cover your total mortgage payment.
Then start working like mad to find what you really like to do and do it. It could be investing in real estate, it could be running a business, or a million other things. Your creativity is the answer.
Look at everything around you and everything you do and see if you can think of a better way to do it. Then sell that idea.
Best of luck to you.

Answer 3

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Answer 4

Financial strategy? Here is an idea, first take a look at this web site www.wealthbuildersplan.info. After that get back to me, my email can be found by clicking my avatar, and I will put you in touch with some friends in the US who can explain what you have seen in greater detail.
You might also like to look at this web site after and only after looking at the first one www.acnintegrity.com
All I suggest is that you view all this with an open mind because what you will see is something which could allow you to retire by your mid forties.

Answer 5

I must say I feel for you, I had the same issue. I opted to leave New York and move to Houston. I have a huge apartment here and an new 07 car with insurance and together they are costing me half of what my crummy nyc apartment did and I can save the difference now.

Answer 6

leave NY, go to Georgia or some state that's less expensive,
degrees are about as good as the paper there written on,

Answer 7

Move. I live in Houston, TX and the cost of living is much less than NYC.