Hey Veeky Forums, today I talked to a very intelligent gentleman. He was an older gentleman who had approached me at my job and just started bullshitting with me. Anyways, he was in his 70s, had 5 houses, boats, a plane, and could buy any car he wanted. At first I took his story with skepticism, but he had proof with him.
Eventually we had got onto the topic of money, saving, banks, and retirement. Now, I've never once thought of investing in my entire life, doing anything other than putting money into my bank account. From what he explained though, I'm being a complete idiot. I'm only 22, I've got some credit card debt and a card to pay off so the thought of investing anything anywhere never crossed my mind.
He told me three things that he did to be successful:
1. Invest in stocks the pay dividends
2. Real Estate - renting property
3. Roth IRA
He claims he was making 12% returns on average on his stocks, and when he was in a group of 15 guys it was more like 20% and sometimes even 50% on his investments.
He said he would make money renting houses and then even more money when he would sell them later.
Finally, he claimed he was making 15-19% returns in his IRA account.
All of these things really peaked my interests.
So Veeky Forums, I know nothing about anything at all. What are some good materials to pick up and read to learn about these topics? Right now I work about 50-60 hours/week + Uber during a lot of my free time, and I want to start hitting up the gym again, so I feel like my time is very limited. So I'm wondering if anyone has advice to be able to fit learning about these topics into my schedule and eventually get started.