Attorney · New York, NY · Member since 2019 · 72 posts · 27 votes
I feel as though a lot of members on here have switched from a traditional career into investing in properties full time. I am curious how your career switch has affected your life?
@Terrell Garren ABSOLUTELY love your motto (Clocks and calendars are for kids!!) well said SIR a place I am working hard day in and day out to get to! Keep up the positive words of encouragement and love your comedic responses/post. Here is to wishing you nothing but GR8 success in your future. Thanks for allowing me to share.
@Adam Leitman Bailey, interesting questions. I am half way there and the investment properties take quite a bit of my time, in addition to being a family man as well as having a full time job. Cant truly speak what it would be like to become full time in property management, but I can assure you, it is with a lot of sweat and pain, especially to hit the point where the investment properties can now support your lifestyle 100%.
Also, keep in mind that there is another twist to this. There are the ones that slowly build their investment portfolios, the ones that are given the "keys to the kingdom" one day from their parents, and everyone else in between which would be a hybrid. you will be getting different answers on how their life was affected from each of those groups.
I was fortunate to spend 34 years with a good company. However, the job became more difficult year by year - budget reductions, decision making, office politics, reorganizations, status reports, personnel reviews, layoffs, meetings, conference calls, outsourcing, etc. It began to feel as if you were under performing if you were not available 24x7x365. The last 5 years flat sucked the soul out of me. By blind luck, I began RE investing around 2008 when the village idiot could make money. 34 years of saving, lucky timing and military health insurance definitely helped. What started as a hobby allowed me to retire early and cash flow life. Clocks and calendars are for kids. Life is good.
I made the full-time switch in September. Since then I have had a total lifestyle transformation. Working full time in the land development business didn't leave a lot of time for exercise, family, or hobbies. On top of that, I never had a drive or passion for the work I was doing. Trading time for money was not for me.
In September my daily routine consisted of working 10 hour days knee-deep in mud, laying water and sewer pipe (the only plus side was that I had a lot of time to listen to the bigger pockets podcast), and dealing with people who drained my energy.
Now my daily routine involves working out with friends, family time that I actually have the energy to enjoy, and doing work that I am interested in for more reasons than just a paycheck.
In short, now that I have recovered more of my time I am physically more healthy, closer with my family, and building longterm wealth rather than trading time for money.
@Terrell Garren ABSOLUTELY love your motto (Clocks and calendars are for kids!!) well said SIR a place I am working hard day in and day out to get to! Keep up the positive words of encouragement and love your comedic responses/post. Here is to wishing you nothing but GR8 success in your future. Thanks for allowing me to share.