How To "Get It Right" As A Young Enlisted Service Member with Eric Alvarez

Episode: 133

Eric Alvarez

Join your hosts, David Pere and Alex Felice, with guest Eric Alvarez as they talk about prudence and frugality, what investing is about, how real estate is less liquid, and the right mindset and savings that gets a young soldier into real estate passive investing the right way.

As Eric and the hosts exchange plans and experiences, we'll get to hear about what they think essentially equips a young go-getter to be ahead of his years and his goals. For them, relationships, network, and market are things that no one should let go of even if their eyes are on other several opportunities.

In the military, Eric believes that the great opportunity of getting paid, no matter what, should also mean an opportunity for young service members like him to take risks and invest. Of course –with a balanced risk-tolerance. Let's catch more of what they have to say by tuning in to the episode.

About Eric Alvarez:

Eric Alvarez is a young active duty member and investor that is currently deployed in Japan.

Outline of the episode:

• [02:59] Young and $150,000 in Net Worth
• [05:13] CDs: A lousy investment but super safe!
• [08:20] The hurdles of getting into real estate.
• [11:28] The gist of being an investor in real estate, or investor in general.
• [14:26] Convert your talent instead of buying it cash.
• [16:55] What real estate is in comparison to stocks.
• [19:42] The Lessons from The 2007 Crash.
• [21:18] How can a 21-year-old get ahead?
• [27:40] Getting the market's pulse.
• [31:05] "People are a really good investment."
• [37:01] The reason why %0 down is a thing…
• [39:45] What to focus on when there's more than one opportunity.
• [50:25] How can someone young take the lead in personal-finance?
• [53:43] "Stick to your guns, don't get sucked into someone else's shiny-object syndrome."

Resources:

Instagram:          https://www.instagram.com/alexzander_187/?hl=en

Zero to One - Real Estate Investing for Beginners:

https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101/

 

MONEY Master the Game - 7 Simple Steps to Financial Freedom by Tony Robbins:

https://www.amazon.com/MONEY-Master-Game-Financial-Freedom/dp/1476757860

The BiggerPockets Bookstore:

https://store.biggerpockets.com/

Follow From Military to Millionaire's journey on:

Website:              https://www.frommilitarytomillionaire.com/

Facebook:           https://www.facebook.com/groups/1735593999901619/

Instagram:          https://www.instagram.com/frommilitarytomillionaire/

YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/

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Advice to an 18-20-year old:

Find that balance, contribute to your TSP, and pay yourself first!

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Recommended resource(s):

Money, Master the Game by Tony Robbins.

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Sponsor: Real Estate Investing 101 (course): https://www.frommilitarytomillionaire.com/teachable-rei

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Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

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SUBSCRIBE: https://bit.ly/2Q3EvfE

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Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.