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Updated about 4 years ago,
Gave my notice - Leaving security for happiness
A lot of people might disagree with my decision, or question it. But I am leaving a family business that I have been a part of for the last 6.5 years. I finally gave a months notice last week. This has been debated in my head for a very long time.
Am I financially free? Definitely not. Has Real estate given me the opportunity to pursue what I love? Yes.
Over the past 3 years I have invested part time in Real Estate (a full time side hustle basically). I will own 3 rentals next month, and will be selling my first house to have a good chunk of reserves for when I leave this job. I have also started my own construction business, and have been doing side jobs over the past year. People tend to like my work, so I have jobs lined up all next month going into December. I also have a subcontractor position working part time for a reputable contractor in the area.
I have a lot of security at my current job. A steady paycheck making 75k a year, Health insurance, company vehicle, and a company cell phone. But I am also tied to a leash, and working a job I don't like. I am constantly waiting to lock up the shop so I can get home to work on Real Estate. I am currently working 11 hour days, driving 50 minutes to and from work every day. Over the past 6.5 years I have seen my mental health deteriorate and my eyes have become tired. Im 32 years old, but I feel 55 here.
When im working on real estate I feel alive, and intelligent. I get to be creative and call the shots. I get to watch my vision come to fruition. For me, that is well worth the pay cut and leaving. I will have 60 more hours a week to pursue and find success in what I enjoy. I can spend more time with my family, and watch my son grow.
Will it be a tough year, two years, three years? I believe there will be a lot of challenging and pressing times. But I know that it will be worth it in the end. Real estate has really given me the opportunity to make this decision. Im not financially free by any means, but the progress Ive made so far will give me more opportunity. If I never invested in real estate as a side hustle, I would never be able to take this risk.
I am grateful for Biggerpockets, and the community here. Especially all the help ive received over the years. Especially @Steve Vaughan & @JD Martin. Heres to many more years of challenges, and happiness! Exciting but scary times, and I am hopeful it will turn out to be the best decision I ever made.