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Updated almost 2 years ago on . Most recent reply

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8
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Karac Davis
6
Votes |
8
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New investor situation,

Karac Davis
Posted

37 years old. Wife has a good job we can live solely on her salary. My job pays 80k. We can utilize my income for investing avenues. 
If I really want to Brrrr and build retirement wealth in 10 years for us is it worth it keep my job for 80k (can’t really make more it in, not much growth potential)?   Or would it be more worth it to get out and focus full-time on being a “real estate professional” and brrrr full time. I’m handy but I’m not a contractor. I feel like I don’t know enough. I also don’t want to keep my job 50 hours a week and also spend another 20-40 hours a week on investing too. 
Should I work for a mentor for a couple years and save money from that and then brrrr when I learn the ins and outs? 

Most Popular Reply

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1,277
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Hamp Lee III
  • Real Estate Agent
  • San Antonio, TX
792
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1,277
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Hamp Lee III
  • Real Estate Agent
  • San Antonio, TX
Replied

Welcome to BP!

Before my divorce, I was in your situation. I was able to save almost an entire paycheck. I was more into stocks back then and built a nice portfolio. Now, I’m active duty Air Force, so I can’t focus on it full-time, but I did allow it to “turbo charge” our investing.

Maybe consider working the job for a few more years to ”turbo charge” your portfolio and stop working as your portfolio and cash flow are doing well.

It’s not forever that you’ll be “bi-vocational” and the sacrifice you make on the front end might be well worth it in the end.

I wish you all the best.

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