The Do's & Don'ts Of The "JUCO"
As my rich Uncle G says: “Don’t buy a house to live in until you can afford 5 of them.”
And as I’ve detailed before, your personal residence is not included in your effective net worth. They don’t care how much your home is worth because it’s illiquid.
20 years ago, I bought my first home to live in. One of the biggest financial mistakes of my life. $100K removed from my asset column for the down payment and not working for me for 11 years because I wasn’t thinking with my net worth.
Now today I do own quite a bit of real estate, but I don’t own the place that I live in. Every door owned generates cash flow and sits in the asset column.
Lesson learned
Good luck
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Instead of chasing 304s I'm out here chasing belts! In all seriousness, thanks to CGA all the time I could have wasted on dating women who don't care about me I instead invested my time in Muay Thai and chasing my dream to become a martial artist. Free Agent Lifestyle 4 Life!
Last year around this time I was suffering ! 2024 I had the worst set back! I was driving uber Lyft full time renting a car for $1200 a month I was so fucked up financially! Found a good job in a 3PL shipping online orders! Fast forward in doing so much better ! I’m making money at the job and from trading! I have everything I need etc with consistency you guys will overcome great obstacles! Suffering turned me into a savage !!! I was so down bad guys ! Before and after ! I had holes in my shoes my jeans couldn’t afford food or a haircut eating $3 microwave soups from the gas station landlord said I had to leave January 1st 2025 he told me this in October ! He said that for me to get my shit together I’m still in the same place all bills paid haven’t been late ever since ! Shit I was so fucked up ! Now I average $1000 a week hitting up the Juco producing music trading stocks with a really good job and good people ! With hustle and grit you can better your life I promise you ...