How to Become a Millionaire in Real Estate
Copyright 2012 by Kyle Carrier
Everyone has the ultimate dream of becoming a millionaire. There are many ways that someone can become rich but everyone is always looking for the easiest method or the way in which they can put in the least amount of work. This makes sense, why wouldn’t people look for the easiest way possible? After finishing this book, people will realize how easy it really is to become a millionaire and how to do so by simply investing in real estate. Real estate is a market that is considered by many to be very unstable but is truly rather riskless, and that should be taken advantage of.
My name is Kyle Carrier and I started my road to riches when I was 14 years old. I worked at my mother’s real estate office doing deskwork, managing the website and other odd jobs. I worked there for two years, and when I turned 16 I told myself when I get my first real job, I want to work for no one but myself.
At the age of 16, after purchasing my first asset (my first car), I had $1500 left in my savings account. I talked with my mom about ways to invest this money and she told me about CD's from the bank and interest rates that I would earn on this money by leaving it in the bank. With interest rates on savings accounts around 1%, I figured out it would take that initial investment 654 years to reach $1,000,000. I then decided to see how long it would take me to reach $1,000,000 if I deposited that same amount each year. It would have taken 204 years, and that's when I knew I was going to have to do something myself if I wanted to reach $1,000,000.
At the age of 16 I began investing in stocks. I thought this would be a great way to invest my money and a great way to start my road to becoming a millionaire. After hours of research and looking for companies to invest in I made my first stock investments. I held onto these stocks until shortly before my 18th birthday when I sold them for $6000. I quadrupled my initial investment of $1500 to $6000. After 2 years I made $4500, which was easy earned, but I got very lucky on the stocks I had picked and got out at the perfect time. Many people look at stocks as a good way to invest their money, but in this book I will show you safer ways to invest your money than stocks.