This question is not uncommon. A lot of people find themselves in a similar situation. I try not to tell people to pick one of their hobbies and go with that because not all hobbies are great businesses.
I usually say, think about what kind of business would you be happy at working for free. If you didn`t need money or if you had extra time what kind of business would you work at? There have been several businesses that I have worked at for no money (usually a start up) that was enjoyable and that I could have easily done for maybe the rest of my life. But it has to be something that you see as "enjoyable work."
The lack of money is also a topic that comes up a lot. I would say, come up with a good idea, find a good business to buy or piece of real estate and bring in some financial partners.
When I first started investing in real estate, I knew no one, I had no money or credit, and I was living with my parents and had to borrow their car to go anywhere. I started going to real estate club meeting, investor club meetings and different groups that had similar interest.
After a very short time, I started developing contacts and getting to know people who could help me in different ways, including financial. So, once I had spotted a really good deal, I already had the contacts I needed to make it happen.
It`s a long story about how I`ve gotten to this point but you can use the same methods I did to build up your network and its even easier today that when I started.
I hope this helps.
stevens4/28/2009 6:12 PM
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