Better for REI - More Money or More Time

[Jim Sestito]

Hi Guys,   ( potential #askBP  ) 

I have found myself at a career/investing crossroads of sort.  

Quick story - 27 years old (single, no kids) working at manufacturing company full time.  Small company 75-80 employees and although I can just about make my own schedule here now --- I have  reached a cap in potential growth.

The current job pays OK for my age but I am (like everyone) looking for more.  But to get more I know that will take more of me.  Moving to another maybe larger company will require more time and effort.  This I do not have a problem with but I am nervous how it could effect my 'hobby' of investing in real estate.

So I'll ask the question.  In this situation would you rather have more money or more time?

Just a few quick Pros and cons I see for each in terms of REI;

More Money:  Can save up for down payments/ renovations quicker and more frequently.

More Time: Easier to manage current investments / more time to search MLS and the streets for new potential deals...

Any input / opinions / stories would be greatly appreciated!

Thanks guys,

Jim 

[Michael Seeker]

Hey @Jim Sestito - I've been in a similar situation for several years now and what I've focused on in my 9-5 world is flexibility.  It's always nice to grow and make more money, but at the end of the day a huge paycheck is only worth the effort if you can spend it.  I know plenty of people that kill themselves working 60-80 hour weeks regularly and they've got a bit more money in the bank but can't even take vacation days for most of the year.

I would say don't give up the flexibility of your current job unless you're sure you can match it somewhere else with a nice pay bump to boot.