Financial Freedom Plan

[Chibuzor Alumba]

Hi everyone,

My name is Chibuzor. I am 24 years old.

I am extremely excited to be here and to communicate my intention for the future and the motivation behind it.

I am currently listening to the BiggerPockets Podcast #35 and it says that we should jump onto the forums and ask for help creating a plan that will enable us achieve financial freedom.

Here I am BiggerPockets :)

I am a hardworker and quick implementer. I lack a little of the calmness required to create a detailed life plan. 

I need YOUR help.

My current state

I am a full time Software Developer making  $58k a year (~27 dollars an hour). 

I love creating software, helping people solve problems, and just being a blessing in general.

I currently have a consulting business that I split 50-50 with my brother and business partner. The business brings in about ~$1000 a month each from one major project we have. We charge $85 an hour, which is almost 3 times what I make at work.

My current monthly bills, including life insurance, PITI on my primary residence, cell phone, groceries, and bus pass, all amount to ~$1200 per month

I feel as if my current job is tying down 40 hours of my time and stopping me from taking opportunities to grow my side business, build assets, and relax a little in life. 

Current plan

(Thoughts on this please) I plan to quit my job in April to focus on using a combination of 

1. Airbnb using the basement in my primary residence, and

2. Income from my side business

to pay the bills while I engage in Wholesaling, Flipping (where it makes sense), and BRRRRing, to build assets and a steady income for my family.

My PAIN POINT

The most important thing I hope to get help with is for someone to work with me on creating a plan where I can 

1. Do some lucrative RE activities like Wholesaling (for cash) or performing BPO's (Broker's price opinion for experience),, while working part time on my side business (i.e. ~ 3 hours a day).

2. Gain back some of my time and gain some flexibility in life, and 

3. Build assets to provide passive income for my family.

Another thing I would like to get ideas on is if I should quit my job like I plan to do.

I don't believe my monthly bills are astronomical. My side business enables me to work from home. I can get a bike or take a bus to use to attend networking events. I am not sure why I need to work 40 hours a week making one-third of what I make in my side business, and also do my side business when I require so little to survive each month.

Please be honest. Please "speak some sense into me" if needed. I am open to thoughts, ideas, and direction.