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I preface im a single mom because it changes how much i could do and i have to be realistic with myself. I’m in a good spot right now but i need to do something with this money to be prepared. i know i need to start investing and that’s a whole other ball game. I need to become more financially literate, i had a horrible relationship with money (grew up poor) but im not in a scarcity mindset and ive determined im going to be really successful in the future and willing to learn and do as much as possible.
My current idea is, the only way for me to start generating additional income based on my resources (time and money as I’m a mom with no external support) is to start with purchasing a duplex.
My thought is that i will have rental assistance : not 100% bc i want to be a reasonable landlord ) this will make it so i have additional funds coming into to start saving and then invest in additional properties one at a time, maybe even commercial.
I’m enrolled in an associates program to further advance my career and pay, right now i make 79k salary, 2k/mo from VA disability and collecting my BAH for going to school which ranges between an additional 1.5k-2k a month.
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- 9 months ago
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