Quote:
Originally Posted by blankall
It's also possible that he did some time on the rigs or up North... may that was what was implied by "work overseas for months at a time for startup and commisioning away from all the good stuff, going to places you don't want to go too".
If spent a year or two up north in the oilfields at the right time and then invested in the housing market (and pulled out at the right time), you could easily make a lot of money quickly. I wouldn't call it luck, but more good timing.
I know a few other people who have managed to do the same thing in sales. The rest all used family connections though (Which I think is a much much bigger edge than having someone support you through college).
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Sort of right, I worked overseas in places such as Indonesia, Papua New Guinea, Russia and Iran. I didn't make as much money as people think there, but the experience I got there you can't buy and it looks good on a resume. When I finished commisioning gas plants and refineries in places like that I decided to stay home more. I missed the boat in Calgary for the housing market so I wasn't going to miss another one. I took the equity I built out of my house and bought the houses in Regina when the average house cost was around $150K there. The average house cost there is now around $260K I believe. If I really want to stretch myself I can pull all the equity out of the properties I have there and by more stuff. Right now though my priority is too get my house paid off with buying stocks as I see fit. I do my research before I buy. I talk to experienced investors that I've met in the industry before buying the stocks that I am interested in.