Getting a job
July 30th, 2006 by Kenric
Recently, I’ve been exploring the idea of getting a job. I’m coming really close to taking one… I’m sure I’ve got some offers coming next week. I’m torn between taking one and just continue cruising along like I’m doing now.
The main reason that I’m contemplating this is because I have alot of time on my hands now. The fastest way to increase my cashflow is to get a job! As funny as that sounds… active income is the easiest (but probably the worst) way to increase your cashflow. With this influx of cashflow I can enter more investments faster. I guess I’m looking at this potential job as a temporary supercharge in my cashflow. Plus I can go get that sports car I’ve been wanting!!
I came across this topic on another blog. I think it’s worth reading. 10-reasons-you-should-never-get-a-job/
Posted in General | 3 Comments »
Stumble it!
Monarchcrest,
Just my opinion , but I think you can create cashflow faster without a JOB because you have more TIME and opportunities.
I have a JOB and it sucks because after my family needs, I don’t have enough time to be an active investor. Also, it limits your success while without a JOB, the opportunities are limitless.
However, for this to work, you have to make opportunities happen and I see you’ve had great successes.
Good luck,
bginvestor
http://azbuyhouses.blogspot.com/
By Bginvestor on Jul 30, 2006
Thanks, I understand what you’re saying. I’m at the point where I have enough equity in my properties and I don’t want to exchange them, but I want to start paying down some of my loans (especially the constantly adjusting HELOCs). The job I’m looking at is pretty high paying and will give me alot of free time still. I really don’t think it will hinder my ability to look for opportunities. I’m not an active investor in the sense that I drive around and talk to sellers all day. I usually sit by the computer and run numbers and determine which properties to buy that way. For example, the car washes I’m looking at first will be based on their numbers. Once I find one that makes sense, I’ll dig deeper into them. I’m sure I can still purchase one while working a 9 to 5. If I need to fly out of town to see a property I’ll just take a couple vacation days.
By monarchcrest on Jul 30, 2006
Well, one good reason for getting a job is that its easier to qualify for a loan!
Banks hate to give loans to people that don’t have pay checks coming from 9-5 jobs.
By Bginvestor on Jul 31, 2006