Can’t Build Generational Wealth with 2-3 jobs
A year into my entry-level position for an international non-profit organization, I was working two additional jobs. In one of the jobs, I was an administrative assistant for an airline subcontractor, and for the second job I was a bartender for a local nightclub.
It was a weekend and I was sitting on my bed with my laptop, on my lap, paying my monthly bills when I thought to myself “This is some bullshit!”. I was working all of these jobs and at the end of the month, there was 0 in savings. I became frustrated and anxious because I thought to myself that I would need another job, but I also knew how tired I was. Another job meant more stress on my body and mind and less time to live my life! I immediately began researching ways to make money that does not involve me getting another job.
The option that captured my attention the most was buying a multi-family house. At first, I was fearful that maybe I was too young (stupid, I know!)! I also was fearful that my credit wasn’t high enough which was silly because for the most part of my life I’ve had good control of my finance and I always knew to avoid unnecessary debt! I went to my mother and SHE gave me the final push and the encouragement that I needed to take the next steps in buying my first multi-family property. From there I reached out to a friend that owed several multi-family properties. This man gave me step-by-step guidance on how to go about acquiring a multi-family property. The next blog will include more details on the house purchasing part of the process.