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Updated about 8 years ago,

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Scott Trench
Pro Member
  • President of BiggerPockets
  • Denver, CO
5,821
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At What Point Did You Feel Like You Got "Over the Hump?"

Scott Trench
Pro Member
  • President of BiggerPockets
  • Denver, CO
Posted

It's been about three years since I started out on this real estate and personal finance journey. While I still have plenty of work to do and likely several more years of investing to achieve my financial and real estate goals, it now seems quite clear to me that barring some catastrophe, I will be able to methodically and incrementally progress towards my financial goals by implementing my plan, and I now feel confident in my approach regardless of whether the market continues to climb, or if prices fall. 

It was a huge struggle and daily upkeep to create habits that were conducive to saving money, quit my job and pursue a new one that offered more potential, work my side projects and real estate investments, and build a strong foundation with a couple of properties that are producing some nice cash flow. 

At first, it seemed hopeless, and I was extremely frustrated at the lack of progress I was making ($1,000 per month in savings at most to start out). But, gradually I kept increasing my monthly savings, bought a house-hack, and then a second investment, and put myself in position to acquire a substantial asset in the coming months, as opportunity arises. I've now got cash to buy more real estate, and some nice passive income that I think is sustainable.

While I understand that I need to continuously keep the pressure on, work hard, self-educate and systematize my business, I've noticed over the last few months that I no longer feel like I have an insurmountable hill to climb. It feels like I'm just over the hump and well on my way to the other side. 

Has anyone else experienced a journey like this?

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