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Updated about 10 years ago on . Most recent reply

User Stats

85
Posts
13
Votes
Jake Kozul
  • Real Estate Investor
  • Grand Rapids, MI
13
Votes |
85
Posts

Am I ready to quit my job???

Jake Kozul
  • Real Estate Investor
  • Grand Rapids, MI
Posted

I have been investing with my own money for the past 4 years, and have built a pretty healthy portfolio of cash flow properties, and once my 1031 exchange is complete, I'll have 17 units, mostly free and clear, paying me a good sum every month. I don't know anyone else that has quit their well paying job to invest full time...so I was hoping to talk to someone who has. It seems as through my business is ready to grow; I have built a great network and experience to go full time investing...however, would like to hear from someone who is a couple years out from where I am now. If anyone who is in this position has a few minutes to chat, I would greatly appreciate the time and perspective. 

Jake

Most Popular Reply

User Stats

1,895
Posts
1,918
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Tim G.
  • Rental Property Investor
  • San Diego, CA
1,918
Votes |
1,895
Posts
Tim G.
  • Rental Property Investor
  • San Diego, CA
Replied

Wow, you're 10x more prepared than I was! I was really depressed and unhappy at my job though so for me it was a personal decision as well as a financial one. 

I gave up a six figure income, company car and expense accounts but I gained a month with my parents in North Carolina and a month exploring South America. It was the best decision ever. 

I'm not basing it on financials though, I'm basing it on do I want to wake up and be truly happy. I live simple and it feels great to be free. 

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