146: Rookie Reply: How Tony Robinson Lost His Job (and Found His Freedom)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 8 January 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Getting fired usually isn’t a good thing. But in retrospect, it was arguably one of the best things to ever happen to Tony Robinson. Before being the internet’s poster boy for short-term rental investing, Tony Robinson spent his days working for someone else while climbing up the corporate ladder. When he unexpectedly got fired (2 days before Christmas), he had to reimagine what his life would and could look like. Tony took a chance on himself and his real estate business, a chance that has paid off massive dividends to this day. He now lives life on the schedule he wants, spending time with his wife and son, without having to worry about a boss one day letting him go. Maybe getting fired (while owning real estate) isn’t such a bad thing! Thinking of leaving your job? If so, prepare like Tony did: Have a healthy safety reserve before you decide to leave Understand the job market for your specific position and whether or not you could be rehired Use your W2 income to invest in cash-flowing assets like real estate Understand the difference between “job security” and “wealth building security” And more in the episode… If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). Links from the Show Real Estate Rookie Rookie Facebook Group Real Estate Rookie Youtube Channel BiggerPockets Real Estate Investing Bootcamp BiggerPockets Podcast Check the full show notes here: https://www.biggerpockets.com/rookie146 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie, episode 146.
0:05.9	My name is Ashley Care, living my best Alex Cooper life in a full matching sweat suit
0:16.5	launching on my couch with microphone at hand, with my lovely co-host, Tony Robinson,
0:23.7	the same black shirt he wears for every recording.
0:27.3	This is actually a new black shirt that I got for Christmas, so I got several black
0:30.8	shirts for Christmas. But this is your first time hanging out with me and Ashley,
0:35.0	welcome to the Real Estate Rookie podcast where every week, twice a week we bring you the
0:38.9	inspiration and information motivation that you need to get started and to keep going
0:43.5	in your Real Estate investing journey. So, Ash, what do we got on the docket for today?
0:48.5	So, hold on, before we dive into today's episode, let's take a quick break.
0:53.0	Did you know that traditional homeowners insurance doesn't cover rental property
0:56.4	in the event of a claim? With so many potential risks, you don't want to be on the hook for
1:00.7	a financial loss for yourself, or your renters. That's where Steadily.com comes in. Steadily
1:06.3	offers fast, affordable landlord insurance online. Simply enter your property address,
1:11.2	and Steadily's powerful tech will provide a personalized quote in just a few minutes.
1:15.2	A team of landlord insurance specialists are available via phone, email, and SMS to refine your
1:20.4	coverage and issue a policy as early as the next business day. In the best part, Steadily finds
1:25.2	you the best rate nationwide so you can save time and money on your landlord insurance.
1:29.3	That's why landlords nationwide rate them 4.8 out of 5 stars. For single-family properties
1:34.5	to short-term rentals to apartment buildings and beyond, Steadily.com makes it easy to get the
1:38.8	best coverage at the best price. So, visit Steadily.com to find out how you can save with Steadily.
1:45.5	Are you new to Real Estate investing and need some extra cash to get your rental up and running?
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