Mastering the Art of Quitting: Essential Steps Before Leaving Your Job
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In this riveting segment, Coach Carson delves into the exhilarating yet perilous world of quitting your job. He cautions against hasty decisions, drawing from his extensive 22-year entrepreneurial journey and experiences coaching others on the brink of taking the plunge. The key takeaway? Before bidding farewell to the 9-to-5 grind, one must meticulously construct a substantial cash runway. Carson vividly illustrates this point through the cautionary tale of his friend Anthony, who nearly faced financial ruin after prematurely leaving his job without a financial safety net.
Moreover, Carson stresses the importance of validating your alternative income source before making the grand exit. Whether it's rental properties or house flipping, he advocates for a trial period to ensure the viability of your financial plan. This meticulous approach may entail burning the candle at both ends, juggling a full-time job with your entrepreneurial aspirations. However, the assurance of a proven income stream can be the difference between a smooth transition and a turbulent nosedive into uncertainty.
But Carson doesn't stop there. He delves into the often-overlooked aspect of quitting to something—a new chapter that ignites your passion and gives purpose to your newfound freedom. By sharing his personal involvement in the Green Crescent Trail project, Carson underscores the transformative power of pursuing meaningful projects post-employment. This emotional and motivational recommendation serves as a guiding light for those navigating the uncharted waters of career transitions. And for those seeking a roadmap to financial independence through real estate, Carson extends an invitation to his Rental Property Mastery community, a haven for aspiring investors looking to carve their path to freedom and flexibility.
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Retiring at 46 with 17 single-family homes
Net cash flow of $13,000 a month from rental properties
Investing in real estate for financial freedom and resilience
Quitting a job paying $13 an hour for one paying $20 an hour to invest in rental property
Seeking teaching and knowledge on real estate investment
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