What Everyone in Their 20's Should Do Right Now

At 20 years old, life can feel overwhelming, especially when faced with loss and uncertainty. It's important to find your own purpose and dreams instead of relying on others for direction. Education may seem essential, but it’s crucial to be committed and pursue what truly matters to you. Many young people feel lost in their twenties, and that's okay; it’s a time for exploration and self-discovery. Surround yourself with supportive people, like family and mentors, who can guide you in the right direction. Focus on your passions and learn from your experiences, whether good or bad, because they shape who you become. Remember that success doesn’t come overnight, and it’s okay to take the time to figure out who you are and what you want in life. Trust yourself and your journey, and don’t hesitate to make changes along the way to create a fulfilling future.

At 25, I realized I needed to change my life drastically after years of struggling with drugs and alcohol, which made everything worse. I lacked guidance, mentors, or anyone to share experiences with. If I could go back, I'd tell my younger self to avoid substances that waste time and energy. Instead, I would focus on making better choices and finding positive influences. It’s never too late to turn your life around, and avoiding bad habits is a crucial first step towards success and happiness. Choosing a healthy path not only clears your mind but also opens doors to opportunities you never thought possible. Remember, it’s essential to stay away from negative influences that can ruin your future.

To truly embrace creativity and achieve personal success, it's vital to avoid drugs and alcohol and to choose your friends wisely. Surrounding yourself with motivated individuals can transform your outlook. Shift from envy to admiration by asking better questions about success. Focus on your interests, like real estate, and learn as much as you can rather than chasing multiple businesses too quickly. Life is challenging, and while it's okay to acknowledge pain, it's important to move forward and seek a fulfilling future. Embrace positivity and growth, and find something you’ve always wanted to pursue.

Investing in real estate can open incredible opportunities for personal and financial growth. For those starting their journey, it’s crucial to focus on a specific type of income-producing real estate rather than trying to learn everything at once. Long-term success in real estate can provide a lifestyle that allows for amazing experiences, like traveling with family and enjoying luxury moments. Building wealth through real estate has been a path for many everyday individuals and can lead to financial stability and freedom. It is essential to seek the right knowledge and ignore traditional advice from Wall Street that often promotes saving rather than investing. A clear understanding and commitment to a focused real estate strategy can revolutionize how you live your life.

Investing for financial freedom is crucial, and traditional approaches like putting money in retirement accounts or buying a house for many years can be misleading. Focus instead on investing in income-producing real estate, ideally properties with at least 32 units that generate a positive cash flow. It's important to understand how to buy, finance, manage, and eventually sell real estate effectively to avoid being trapped. Financial freedom means having control over your finances, and that becomes even more significant after experiencing loss, like the speaker did with his father's death. Planning for your financial future shouldn't just be about accumulating assets; it should ensure you can exit your investments successfully and live confidently without fear of financial insecurity. Real estate can be a powerful vehicle for achieving this, provided you take the right steps and understand the process.

At the age of 10, I realized that when money stops flowing, fear sets in. This can happen to any business, especially when bad news hits or competition arises. Investing in the right real estate can provide steady income to cover expenses and management costs. Many struggle with real estate due to poor choices, often buying properties with over-optimistic returns in bad locations. Over my 30 years of experience and over a billion dollars in real estate, I learned that success comes from focusing on properties that reliably generate income. Avoid the mistakes of chasing high returns without understanding the property's location and income potential. With the right approach, real estate can be a solid investment. If you want to know more, I can send you a free book on these principles, just cover the shipping.

Investing in a house isn't what most people think it is. Many believe it's a good investment, but if it doesn't generate income, it might be a poor choice. Real estate in luxurious areas often just serves the rich who buy property for vacation use, but that doesn’t pay off in the long run. Instead, wealth often benefits those who sell these houses, not the buyers. It's important to understand that a home is for living, not primarily for investment, especially if it isn't bringing in money. The speaker suggests challenging the common view about homes and considering alternative investments that could bring returns. This opinion may be controversial, but it's worth thinking about whether your home truly serves you as an investment, especially when there are smarter options out there.

Focus on achieving financial stability before indulging in distractions like drugs or alcohol. Surround yourself with positive, goal-oriented people who inspire you. Invest time in learning about real estate as it can offer long-term financial security and legacy for your family. Once successful, remember to uplift and assist others because true success means making a difference in people's lives.