Balancing Your Job & Passions
31:02 · 2018
This episode’s topic deals with a lot that some people struggle with. It’s more so the part-time investor that struggles with the balancing act that a lot of entrepreneurs deal with or budding entrepreneurs who are looking to either leave their job, leave their career to be a full-time real estate investor. I’m not talking about people that work an hourly job who can come and go, their bosses don’t really care. I’m talking about the people that have remained full-blown careers. They have a job, they’ve got a title at a company, and specifically, their boss is probably not happy or does not want them doing something outside of their own job. They don’t want them moonlighting.
We have had quite a few people that come to our trainings and come to our workshops who have a job, have a title, they went to school to be an engineer or something else like that, and their company looks down upon them for having and doing something on the side. Oftentimes they’ve got to get what’s called an OBA form signed, an Outside Business Agreement. They don’t want them doing something that interferes with their full-time salary, with their full-time job, their full-time focus as a job, as an employee or W2 or whatever it is. I know a lot of people struggle with it because they’re doing something now, maybe they’ve been doing something they went to school for and got to college for or worked their way up and they’ve hit that ceiling or they’ve hit that wall where they’re like, “This isn’t what I want to do.” They’ve come to the realization that the 40-40-40 plan isn’t for them. What do I mean by the 40-40-40 plan? They put in 40 hours a week for 40 years to retire on 40% of what they make. That’s the 40-40-40 plan.
Let’s be realistic here. A lot of people were taught to go to school, work hard, study hard, get good grades, get a good degree, go get a good job, and the company will take care of it. We all know that’s not the truth these days. We all know that is not the case in society these days. A lot of people are being outsourced. You’re being let go for younger employees. Your jobs being outsourced across the country or your job is totally no longer available because of technology and things increasing or you worked for the state government. That’s a great example of they don’t want you to do something outside. Most people have to go get something signed by a boss so they don’t get in trouble. When they’re in trouble, they’d lose their job. They get written up, lose a job, and have some bad things happen to them.