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Updated about 6 years ago on . Most recent reply
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Real Estate Saved Me from the Shutdown
Back in October of 2013, I was working in Arizona at my federal government job when something happened that I never had experienced before. It was a government shutdown. Admittedly I was angry. I had spent most of 2012 digging myself out of debt and now I was working and not being paid due to politics.
That shutdown angered me, but it also exposed me to a startling fact. I was vulnerable because I was 100% reliant on a single source of income. Take that away and even with reserves, I would eventually have nothing.
Fast forward to December of 2018 and once again there is a federal government shutdown. This time though is different. This time I have not only my emergency reserve but also 4 rental properties with a total of 10 units that brought in $2800 extra this month alone.
Real estate really did change my life and I no longer fear the unexpected challenges. No job, not even a federal government job is 100% secure. This further solidifies my resolve to continue investing and building wealth.
Most Popular Reply
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@Anthony Gayden Thank you for your service as a federal employee! It sucks right now I'm sure, but awesome job, yep, that's the power of buying good deals, leverage and making sure you have enough in reserves. You are getting closer to not relying on any job, and hopefully it will all be over soon and you can continually buy more real estate and be even more prepared when the next shutdown hits or no longer need a W2 job again and become a full-time investor.
- Jeff White