Years ago the company I was working at had a furlough. Each of us had to take 1 week off with no pay. While most people would struggle missing a week of income, this one operator I worked with wasn’t too concerned. He was older but in great shape and wasn’t going to retire anytime soon. He loved working, at this job, and outside of his job. I learned that he had a diverse investment portfolio and side hustles that a layoff or two couldn’t hurt him. He was super down-to-earth and incredibly smart.
He became my north star in planning my future. It was like a light bulb came on in my head. It ignited a burning ambition to establish something outside of my career.
Retirement accounts are nice, but when over-funded, it becomes trapped money. You can’t do anything with it until you hit retirement age. Your trapped money also depends on the market and what if it tanks by the time you need it?
I turned to Real Estates investing as a 2nd means of planning for the future. It took so much work at the beginning. After over 2 years, I’m starting to grasp some of the concepts. Mind you, I was 40 when I started. Late? yes. But better than never? Also yes.
If you are in your 30s or 40s, start planning beyond your job now. I beg you to take this step. Your future self and your family would be thankful 10 years down the road. I’ve seen so many people in their 50s lose their lifelong careers. They have little possibility of being re-hired elsewhere. It’s heartbreaking!
My ultimate goal is to have the choice not to work when I turn 50. I’m 42 now and working hard towards that very goal.
How about you?


