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  1. #11
    Stance's Avatar
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    Quote Originally Posted by plastique View Post
    Find a career that you enjoy doing, and if it offers a nice salary you can invest on the side. Even if your job does not pay 6 digits if you are smart with your money you can easily boost your total income. Flip houses with a friend/ stocks / flipping cars, etc..

    you have to put a lot of effort into whatever you want to do, start off small and if you keep working and pushing you will make it big...
    Do you do anything on the side for additional income? If so, would you care to elaborate?

    Problem with flipping is that unless you know how to fix cars, houses, broken iphones..or whatever yourself, it's a losing battle. I tried "flipping" iphones but no one on CL wants to sell at low enough prices to make any markup worth my time. Because I'm crazy and lend money to total strangers, I tried negotiating with one guy who was trying to sell his s3 Galaxy on CL for 400.00. I told him to sell it to me for 250.00 (the price quoted on gazelle) and in return, I would offer him lower interest rates if he ever needed a loan in the future. Needless to say he laughed me out of the room via text message. Hustlin ain't easy yo.
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  2. #12
    Mr. Blandings is offline Junior Member
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    Quote Originally Posted by Lamborghini View Post
    Yeah my plan has always been to go to school for Business as there is many different paths you can go into from there. I have been thinking that maybe architecture is for me, but it is an ongoing thought/decision.
    Currently in the US, architects have just about the highest rate of unemployment (I can't speak for Canada, but it is probably similar). While the housing market may be on an upswing, the field is still suffering from the world economic meltdown that brought the housing market to a screeching halt. The last number I have seen pegged the industry at about 13% unemployed, but that doesn't take into account people who are now "underemployed" (making much less then they were a few years ago) and people who have given up on the field entirely.

    That being said, you don't go into architecture because you want to get rich. You go into architecture because you love it. Then, hopefully the stars align and with a lot of hard work and sleepless nights, you might be able make a name for yourself. But don't expect that to happen until you are about 40...at the earliest.

  3. #13
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    I'm Currently a Business Student at The Smeal College of Business at Penn State University and have a real estate focus. We are the top real estate program in the country and focus on Risk Management. Risk Management is a broad, yet important aspect of real estate that assesses Law, Finance, And evaluation. If your interested in Real Estate, Risk Management in your local business school is the place to start

  4. #14
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    Quote Originally Posted by Mr. Blandings View Post
    Currently in the US, architects have just about the highest rate of unemployment (I can't speak for Canada, but it is probably similar). While the housing market may be on an upswing, the field is still suffering from the world economic meltdown that brought the housing market to a screeching halt. The last number I have seen pegged the industry at about 13% unemployed, but that doesn't take into account people who are now "underemployed" (making much less then they were a few years ago) and people who have given up on the field entirely.

    That being said, you don't go into architecture because you want to get rich. You go into architecture because you love it. Then, hopefully the stars align and with a lot of hard work and sleepless nights, you might be able make a name for yourself. But don't expect that to happen until you are about 40...at the earliest.
    In certain areas, architects are extremely busy and looking for more help. Where I am there are constantly ads looking to hire architects, especially at the firms that are building more modern designs. But they are also looking for experienced help.

    Couldn't agree more with your second paragraph.

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    Mr. Blandings is offline Junior Member
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    Quote Originally Posted by Justin D View Post
    In certain areas, architects are extremely busy and looking for more help. Where I am there are constantly ads looking to hire architects, especially at the firms that are building more modern designs. But they are also looking for experienced help.
    Yes, regional demands can change everything!

    It is good to know that it is busy where you are, lets just hope it keeps growing.
    Justin D likes this.

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    I'm a few years shy of the magical 30 and look even younger, but here are a few things that has aided older (and/or more affluent) people to take more a little more serious:

    -kicking ass in school (which I certainly regret not doing)
    -the ability and willingness to consume, analyze, and regurgitate information. This eventually leads to being 'knowledgeable.'
    -obvious focus and determination on clear goals
    -doing as you say and following up
    -asking informed questions (this means you need to do a bit of legwork before approaching)
    -suiting up. Or at least not wearing trendy tshirts and baggy pants
    -wearing glasses. jk, but it makes me feel like i look smarter

    Once you get the above somewhat in order, find a mentor- a difficult task, but I've found that older successful people can be open to sharing their knowledge if you ask nicely.
    "When in doubt- throttle."

  7. #17
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    Welp you already dropped off the radar but the GTA is the place to be. At least in Ontario. I won't say where my family is into it for about 7 houses but it's a killer market and with the downpayments being so low for your first house it's easy to at least get into a real estate investment fairly quickly out of school. PM me if you want to chat about it more.
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  8. #18
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    Apologies for the delay!

    FINICKY - Thanks for the advice! I think it will be best to debut in Toronto and eventually expand once I receive enough experience. I'd love to connect with you to learn more about the Toronto market, commissions, and the in's and out's of buying and selling. Thanks!

    plastique - I have always loved researching real estates. I am quite familiar with the theory of finding a job you love and finding ways to boost income. I even preach it to my friends!

  9. #19
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    Lmal355 - Thanks for the tip! I will research local Risk Management programs ASAP

    ffx68 - I have prepared myself for the real world by increasing my work ethic, becoming more determined, and suiting up at every chance I get. All I am waiting for now is for post secondary school to start, and therefore the knowledge to pour in.

    EV - I'd love to connect with you to learn more about real estate investing, especially buying a first house with low down payments! I have sent a friend request.

  10. #20
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    I'm looking to do a similar thing, except I want to build and own my own buildings. That way I profit off the monthly rent and when I sell it. I mainly want to build apartments but I plan on building other things as well.

    Only advice I have is to work your ass off. Get to know people in the industry that have done well too. That will help A LOT!

    I am still in the beginning stages of learning, so I can't give you that much advice. But I know I will do well because I am passionate about it. Make sure you are passionate about it too. Don't do it just for the money. If you do, you most likely wont make it.
    Last edited by Old Sport; 04-14-2013 at 05:26 AM.

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