Hello! David J here again bringing you more of the steps on my journey toward financial independence.
Back in August of 2009, my "secure" position evaporated after just over eight years.
Yes, I was devasted. It wasn't the first major blow of 2009, but it was the coup-de-gras that sealed my transition into a new stage of my life.
Now, it wasn't the end of my IT career. Yet, it was the end of my career as an employee.
This event solidified in my mind the reality of the new economy that many of us face: our future no longer depends on finding someone else to accept our services and compensate us for them.
Our future is in our own hands now. Who else can we trust to take the best care of us?
A layoff notice is actually an acceptance letter for your new job — at Your Real Estate Investments, LLC with you as the President and Chief Investment Officer.
Your new job is full-time. You'll need to approach it with a seriousness of purpose and dedication to success befitting a professional.
And your new job has just one goal: getting yourself established at your new company getting paid in dollars, not promises or favors. That means activities which generate cash or cash flow.
When the breaks go your way, bank your plenty rather than fritter it away, and make a timely transition into your new job: finding money-making properties, finding funding, finding tenants and finding buyers, depending on your strategy.
For those of you on the Technlogy Ladders mailing list, yes: that's a shameless steal, albeit paraphrased a bit, from Marc Cenedella.
The point is, though, that even as you would make job hunting a full time job, make investment hunting your full time job. This includes hunting for buyers, private lenders, deals, partners, ... in short, replace everything you knew with everything there is to learn about being a real estate entrepreneur.
That's where I'm at now. I invite you to join me!
We'll talk again soon!
Take care - be well!
Much Success!
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