Early 20's

[NeilCartwright]

At work yesterday the old heads were having a conversation about investing/real estate etc. It started bc word got around that im living in a inexpensive apartment. We're military and i pay 750 for rent in a 1 bed/1 bath spot, 550 square feet thoughim leaving this duty station in 2 years. I have some going to savings, investing, and putting a good chunk towards student loans. Should be debt free by the time i leave this duty station though.

They were coming at me like "You needa upgrade. Im surprised you havent been robbed. If you stay in that spot all you gon do is learn how to live in those type of spots, forever"

Im thinking to myselfok

But then i mentioned im in the stock game, and a couple brehs i know are into cryptocurrency as well. These cacs heard that and damn near blacked out "Oh so you gambling with them huh? That crypto shyt is a scam. You need to invest in something tangible, real estate. Buy a house etc" But they failed to mention the stock market has grown 70% of the days since its existence, even through the great depression and great recession.

I'll haven't read too much on real estate So im on these stocks. They're older, 48-50+, so maybe their perception is different.

Would yall suggest getting into the real estate game in your mid 20's? Im thinking if you can have more than one property it would be a good look but they were talking about buying a house wherever you're stationed at, then trying to sell it for a profit when you move.

Correct me if im wrong but im thinking about the interest you're paying on the mortgage, repairs on the house, HOA fees, etc.

Im conflicted

 

[MJ Truth]

Don't take financial advice from military people. Trust me on that one.

And if you're going to go into real estate, go into the rental side, don't just buy a house (liability) with the hope it'll go up in value later when you sell. Do things that put money INTO your pocket, not taking money out of it.

 

[MillionMills]

They all sound like bitter haters

 

[Lurk_skward]

Op. I’m the same age as you. My rent is 750 in some inexpensive place and I’m in the stock market game and older cac’s told me the same thing about real estate, crypto and stocks.
We are living the same lives .

 

[NeilCartwright]

They all sound like bitter haters

Could be but I’d just chalk it up to ignorance. Crazy how my folks just didn’t have access to the info we have now. Ima give em ghe benefit of the doubt and to a lack of knowledge

What was the last straw for me was I saw the threads in bitcoin on here back in 2013 during my freshman year and I was like “TThese dudes not getting no money. It’s all a facade. Now fast forward to now and just one is worth a bag. And now the whole cryptogame is open to anyone

Op. I’m the same age as you. My rent is 750 in some inexpensive place and I’m in the stock market game and older cac’s told me the same thing about real estate, crypto and stocks.
We are living the same lives .

That’s crazy. What had me was that Brass Knuckle Finance guy break down the numbers in the stock game. Had me hooked

The total stock market etf is gonna get 11-15% a year off top. If you branch out to the Netflixes, Match.coms, etc and catch a wave of 30-50+ percent growth per year you’ll be eating good

 

[Rozay Oro]

Could be but I’d just chalk it up to ignorance. Crazy how my folks just didn’t have access to the info we have now. Ima give em ghe benefit of the doubt and to a lack of knowledge

What was the last straw for me was I saw the threads in bitcoin on here back in 2013 during my freshman year and I was like “TThese dudes not getting no money. It’s all a facade. Now fast forward to now and just one is worth a bag. And now the whole cryptogame is open to anyone



That’s crazy. What had me was that Brass Knuckle Finance guy break down the numbers in the stock game. Had me hooked

The total stock market etf is gonna get 11-15% a year off top. If you branch out to the Netflixes, Match.coms, etc and catch a wave of 30-50+ percent growth per year you’ll be eating good

 

[Rawtid]

You're doing a good job! They aren't doing any better than you, so their advice is null and void. All they are in a position to do is support or not and leave it at that.

 

[Neuromancer]

Don't take financial advice from military people. Trust me on that one.

And if you're going to go into real estate, go into the rental side, don't just buy a house (liability) with the hope it'll go up in value later when you sell. Do things that put money INTO your pocket, not taking money out of it.

This, you want a good income stream.