Just about everyone I encounter wants a serious job or career change. The reasons vary from financial considerations to simply a strong desire to work for themselves. They see my lifestyle and interpret for themselves what I do and what I’ve done to achieve my success. What they perceive is quite simple: I make the right investments and I make money. It’s real simple, isn’t it?
What if I put that simplified analysis to their jobs? They get trained/educated, they punch in and punch out, and they get paid on Friday. I contend that those who decide to go for the career change to real estate, with this perception, are putting themselves behind the eight ball and have a rude awakening coming. The rude awakening will be a result from lack of thought and preparation.
The preparation for a career change goes far beyond one reading books and memorizing home study courses. Don’t get me wrong, establishing strategies and techniques are paramount to succeeding in real estate. Getting oneself positioned for a career change is as equally important.
For example, flat out quitting your high paying job without lining up your dominoes is a big mistake. Investors should assault the real estate market with strategies that create additional income and net worth, so that when the job is terminated, income continues. For example, an investor could make $60,000 on a job and an additional $60,000 from real estate investing part time. This is where one could enjoy an income of $120,000 for awhile, whereby he could pay off bills and further get situated before quitting his job, forever.
It's for the others that cause concern. Life is difficult enough without suffering losses and setbacks. Keep your wits about you and engage in deliberate planning and preparation before quitting that good paying job. Real estate is sweet, but only for the few who are poised for success.
H. Roger Neal™
