A New Thought On Highschool and College Summer Jobs
Looking back at the high school and college summer jobs that I worked, I am amazed at the amount of time and energy that it took me to make $4,000-$5,000 in a summer. I would slave away at the construction site the entire summer for $6-$10/hr. I was working so hard, and so long, that often times even in my free moments I would fall asleep instead of being out enjoying my youth. I guess at the time it was all that I knew, therefore it was all that I did. "I wish I had met me", I now think to myself looking back at the 5 summers of intense labor.
I would have told me:
1. You do not necessarily have to work hard, but instead learn to work smart.
2. In order to make more money, learn what the people with more money do.
3. Become knowledgeable about making money, instead of becoming knowledgeable about framing homes.
These 3 rules of wealth would have bought me at least 3500 hours of freedom over the 5 summers of manual labor. If I had it too do over again I would have learned about real estate investing, first by becoming a real estate bird dog, then a wholesaler, then a landlord.
As a real estate bird dog I would have spent my mornings, placing signs around my area to seek out potential sellers. Then I would have spent 1 or 2 hours a day locating potential buyers for the properties that people called in for sale. Once my signs were in place and my buyers list was developed, I would have taken my phone to the beach. From the beach, I would have become a real estate matchmaker. Taking calls from sellers, and connecting them with my buyers for profit. $1,000-$5,000 a deal would have made me $10,000-$20,000 over the course of the summer. At the end of the summer instead of being tired and worn, I would be tan and happy. Instead of knowing a little bit more about framing a home, I would know a little bit more about how to make money through real estate investing.
Today 10 years later and much more knowledgeable, I have learned to make money, and that is what I do. The builder who I slaved away my summers too, is now working for me. Yesterday he was trimming my ceiling on my summer house, today he is buildling cabinets for my current home which he built 3 summers ago. He enjoys building, I enjoy making money. He learned how to build, I learned how to make money and have him build.
Eric Medemar is an investor/realtor/consultant. He has helped turbo charge the pocket books of agents and investors across the country http://www.TheForeclosureCollege.com . By March 01, 2007 he will be offering the top wholesale and bird dog program on the market today http://www.BirdDogBiz.com . As an investor Eric owns 34 properties and counting, along with flipping and wholesaling homes for profits in excess of $100,000 for the 2007 year (Its only Feb 08,2007)
Student Health Insurance Plan 5 Questions You Must Ask
Although most health insurance plans that parents have will insure their children up until the age of 24, it is sometimes more financially practical for parents to look into student health insurance plans once their children leave for college. Many parents purchase student health insurance plans for their children because in order to prevent or av...
Do College Kids Need Credit Cards?
College campuses are swamped by credit card companies trying to get students to sign up for credit cards. Whether the college kids need it or not, the credit card companies dangle freebies and incentives to get them to sign. College kids succumb to temptation easily and sign up without thinking long term. They are soft targets for the credit card c...
Health Insurance for College Students
Everyone knows that College is expensive. In planning to meet these expenses health insurance for College students may be low on the list, but it could be first on the list of possible financial disasters that can derail all your well thought out plans.There are several ways that College students can meet their health insurance needs. Many family p...
Looking For a Hot Climate Summer Vacation?
When it comes to finding the right summer vacation for you, the main thing that you obviously need to think about is where you want to go. You should choose the destination before you choose your budget as these days you can easily get a good deal no matter where you want to go.Looking Into Travel Destination PackagesYou will find when you begin lo...
Are Credit Cards A Big Danger?
It's that time of the season again, the fall, when you pack up junior's items and ship them off to college. You remember the days when you had to pack up your bags and attend college as well. As we all know, the older you get, the more you want to go back into your youth and change the things ways were. From saving your money to fixing those cos...
You Can Get Approval For Charge Cards Even With No Credit, And Its Guaranteed For Students!
Many college students, or soon to be college students, are stressed by the thought of having to pay for college while still finding time to study and have a social life. Many don't realize that the burden can be eased because approval for charge cards, regardless of not having credit, is almost guaranteed for a college student.Credit card companies...
Ten Reasons to Move to the Costa Brava
After France, Spain is Europe's most popular holiday destination, and the apparent dominance of France is to a large extent due to visitors in transit elsewhere. In 1996 between 1.2 and 1.3 million European tourists visited Spain. It is therefore not surprising that many of them become interested in buying a home there. Spain's property market gene...