Seriously…those are ALL great jobs.
Here’s a little more info for comparison…
The Department I work for hired a kid (20 years old) about 2 years ago. Very sharp for his age…He works out of my Station so he was ALWAYS asking me about real estate. This is the advice I gave HIM and what he did with it.
First off…I asked him if he still lived with his parents??? He said YES.
PERFECT, I said…STAY THERE…your 20 years old, if you decide to, you could EASILY save EVERY PENNY you make from the Fire Department for 2 - 3 years and use a part time job for your FU money. To my surprise that is EXACTLY what he did. Within 2 years he has saved $60,000 in CASH. He got a part time job working with a couple of guys from the department who are Framers. So not only did he save $60K he ALSO learned more about BUILDING in 2 years than most people learn in a lifetime.
This kid is now 22 years old. At a time when most people his age are Graduating from college and are facing tens of thousands of dollars in STUDENT LOANS he instead, has a FULL TIME JOB that pays over $50K/year AND he has $60K in cash!!!
Once he had saved his money we started looking at houses. He intially made ALL the rookie mistakes. He thought a “friend of the family” who was a realtor would get him a great deal. I picked apart every house she sent him NUMBER by NUMBER. THEN after 8 months of looking HE SCORED. By letting people know he was LOOKING TO BUY he got a call from a man who’s mother had just died, her house needed a lot of COSMETIC work but over-all was built like a tank. The home was worth $230K. I went with him to look at it and the owner just happened to pull into the driveway while we were there. He invited us in, and we worked him over a little. “WOW, this house is nice but it needs a LOT of work…new kitchen, new furnace, new roof, ect.”
I asked him what he’d take for it AS IS, NO WARRANTIES, NO INSPECTIONS close in 20 days???
He said $140K!!!
DONE…The Probie gets a 3 bedroom 1 and 1/2 bath Colonial with a 1 car garage for A steal… He’s into it for $160,000 and STILL has $20K in the BANK!!!
Now for the best part… he sold it last month for $225,000!!!
Not bad for 22 years old.
It can be done, and you don’t have to do it the way EVERYONE thinks you do. If this kid went to College he’d be BURIED in debt right now. Instead, he has a PILE of CASH IN THE BANK, and he’s looking for his NEXT house!!!
How many of us would like to go back to our early 20’s with about $100K in a bank account???
Can you say FUTURE MILLIONAIRE!!!