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I'm 23 a junior dev, make 85k a year and have a shit ton of loans, I don't think I can buy a house a year, especially in the northeast housing market
Your 20, buy a house a year "What in the goddamn?"
this is mad unrealistic lmao
who the fuck is a software developer at 20? If yes, how come without debt(Student loan)?
“1.5 more is what you’ll sell the house for!” Did you even look at what you’re actually making once you account for inflation?
I agree. That strategy helped me become wealthy enough to save Albion without compromising my morality on multiple occasions.
Passive income is a fake concept.
Thanks man!
Thank you for inspiration!
Is this a troll video? What does buying and selling house have to do with making a passive income as a developer? And just a realistic point of view here with what your saying, houses here in Australia at least cost $300,0000-$500,000 for a average kind of house $200,000 buys you an absolute shit hole. So what kind of person in their 20's earn over $300,000 to be able to save enough to buy a house every year?
Now if your talking about coming up with a deposit (50k+ at least for 10% down payment) then that's really, really poor advice. In 15 years your still paying off every single one of those houses, how you would still keep earning enough to just buy another I don't even know but lets say you could after 15 years your only just finishing paying off your interest for that first house therefore you losing money.
just make a milion dollar app every week for a year, and you will have 52 million.
Even better idea.. Buy 10 house a year, and buy another 10 at the end of the year, now lets see, you have 20 houses, next year buy 25 more and keep eating oatmeal 3 times a day, you can even push 35 house a year, really simple..
This does not take into account rises in interest rates, slowdowns in the over inflated property market, nightmare tenants and other issues. If you're going to borrow $250k for a business there are way better businesses to come up with and with much better margins than a house. If you're a developer find a client (or three) and hire a team of freelance developers to help you land bigger projects. Build a good team and produce good software or web applications and you will soon be hitting 6 figures.
Learn how to sell pipe dreams over and over and over
How are these youtubers and social influencers making their own books?? I am pretty sure they don't write it themselves and find someone to do it. Is there a specific person or a website that are giving them a greadt deal?
So that's why I'm getting the MJ vibe. You do know him. Wow. This is awesome. Are you in the TMF as too?
Why the hell do you have to show pull ups on a bar in the intro video. Like you have some sort of condition. Sheesh.
buy a house each year! ok sure why i didn't think about it earlier?! GTFOH
This f****n guy… same crap spewing out of a different mouth. Hows that Geico ad revenue? How about do something healthy for society and the planet? No? Moneymoneymoney gimme more moneymoneymoney.
This dude absolutely doesn't know what he's talking about. When you're twenty buy a house, write a book every month. WTH Dude are you high?
As soon as he said forget about investing and compounding interest I was out.
At 20 as a dev, I could barely afford my rent let alone buy a house. ree
If you are a developer and want to make passive income, develop an app then sell it as a subscription service. Better yet develop 1 app a year and sell them all as subscriptions.
Great stuff John! Very motivating!
sounds like everybody will want to rent your house!!!
This guy is delusional