18 is not a bad age to start having a life like that of a 28 or 38 year old. Starting a business in real estate at the age of 18 or 20, or maybe 25, would not make a difference on the possible success you can achieve in the future when you’re 35. Actually, experts even suggest that you start a real estate career or business at the earliest age possible. Here are some of the reasons why.
Get a Head Start on Your Career
Starting a real estate business at an early age will give you much time to venture into many different areas, such as residential, commercial and consultancy. The first try may appear to be challenging, but that’s fine since you are yet to learn the ropes of the subject. But, if after a given period, let’s say 3 months and nothing works out, then you can check out other business opportunities.
Learn Money Management
As you start earning, you will learn to manage your finances and value every penny earned. You will understand the value of take-home pay, learn to budget, save, use your credit card wisely, review and comprehend credit reports and learn to prioritize needs from wants.
Earn Passive Income
Engaging in real estate business at a young age will hone you to become financially independent, being able to live sufficiently without depending on some form of employment. You eventually gain assets that can generate cash flow that can lower your expenses.
Balance Your Workload
Generally, you need not stress on spending much time on either of the two, but analyze on how many hours do you need to spend on work and how many on studies. If you’re doing a research for a term paper due soon then cut off work-related concerns for a moment, and vice versa. Literally divide your hours each day and strictly follow your allotted time for each to avoid sacrificing one for another.
Plan for the Future
Of course, you also need to look ahead, ensuring that your real estate business would not hinder your future goals, instead would be a helpful resource in achieving your target. Avoid procrastinating, and do the things that require to be done for the day to rid yourself of stress caused by piled-up workloads rolled over from previous days.
Take Care of Yourself
Lastly, keep healthy. No client would want to deal with a feeble real estate agent, and you can hardly keep up with lessons and school projects when you’re under the weather. Avoid the burnt-out feeling by taking some time for yourself, even just a couple of hours a week. Go to the spa, watch a movie or play your favorite sports, and take a breather from your week’s busy schedule.
Take Charge of Your Life
Best of all, jumpstarting your real estate business early will give you flexibility to work out other plans in your life and career, like taking an MBA degree while doing real estate at the same time. It isn't easy to manage a business and study, but online education will help you ease the multitasking process to manage both.
