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Kris Krohn with REI TVand today we're going to talk about "Should you quit your job to
dive headfirst into real estate investing" or "When would be the right time to make your
exit into this amazing and liberating world as an entrepreneur, succeeding and rocking
your life.
You know, there's a lot of people, when they start learning about real estate, they get
so incredibly excited that they're thinking: "I'm gonna quit my job tomorrow".
And I tell you that in real estate, there's short term money and long-term money; and
I tend to be more the long-term guy. And it took me four years to become a millionaire
and then it took me 10 years to become a multi-, multi-, multi-, multi-, multi-millionaire.
I didn't do any quick flips or do any fast cash strategies because often - not always,
but often they have higher risks associated with them. So there's a lot of people that,
in advance, they quit their job to free up all this time. They haven't even gathered
the expertise. They haven't even started putting in the time for doing real estate.
The time to quit your job is when your real estate is paying you and has been. I'm the
kind of person that says "Hey, double down on your hours and work your full-time job,
and rock your real estate and when it's producing consistent, reliable income inside of a system
for you, that's when you maybe wanna entertain actually quitting your job.
Now, that's just what worked for me that may not be necessarily the best thing for you.
I waited until my real estate was producing $12,000 a month and was outpacing my job,
and then I quit my job.
For me, even then I was a little bit nervous at the time to do it that way and if I could've
done it different, I probably would've even quit sooner because the second I did, I started
making a lot more money, but I cannot even begin to tell you how many people I meet that
foolishly step into a "I'm a real estate investor!" and they've got no job and they've got no
income and they've got no real plan. So just don't be that guy.
Don't be the one that just jumps too early without necessarily having a plan. Get a little
bit of track record because you might find that one strategy works better than others
or you step into wholesaling or flipping and find out "Oh man, this isn't covering the
bills as fast as I like it to be".
Once you have good track record, you're comfortable with your track record, that's a good time
to consider a transition.
Listen, if you are really serious about how to make real estate a full-time career, click
the link below. Come to one of our live events. We'll get you educated on the reality of really
taking real estate and what you can do today to start making a lot of money with it.
With that, go ahead and subscribe so we can get you more videos; click that link and we
look forward to seeing you at one of our events.