151: Quitting Your Job For Passive Income with GRE Listener Douglas Orr
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 June 2018
⏱️ 42 minutes
🧾️ Download transcript
Summary
#151: Your job feels bad. It makes you wonder where your time went. Keith tells you why your job feels so bad, gives you possible solutions, and reminds you "where your time went".
Your job feels worse than ever due to economic, demographic, and social reasons. This is supported by data from the Bureau Of Labor Statistics, the Census Bureau, Bloomberg, and elsewhere. We explore.
GRE listener Douglas Orr tells you how he built enough passive income to leave his job in just three years by quickly accumulating 50 rental doors. He respects his time by outsourcing property management.
Douglas began RE investing by pulling $20,000 out of his 401(k) to buy a duplex and triplex.
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Listen to this week's show and learn:
02:01 Keith likes the new Apple AirPods wireless headphones.
03:46 "Where did your time go?" Keith answers.
05:58 Why your job feels so bad.
14:58 Straight out of high school, GRE listener Douglas Orr began working in an automotive factory. He lost control of his time.
16:29 Turning point: pulling $20,000 from his 401(k) to buy a duplex and triplex.
20:05 Beating the "one percent" target.
22:00 Managing managers less than four hours per week.
24:50 Douglas built his portfolio fast through shrewd equity management. He tells how.
27:42 Firing your boss.
29:53 Quitting your job: supportive family?
31:35 Caution: don't do THIS before quitting your job.
34:26 You quit your job? Then what do you do all day?
37:28 Controlling $100 million worth of real estate.
Resources Mentioned:
Douglas Orr: greensburg.alpha@gmail.com
Transcript
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| 0:00.0 | Get Rich Education is brought to by Nerata Real Estate, Mid-South Homebuyers, and Ridge Lending Group. |
| 0:10.0 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than |
| 0:22.1 | anything else and can provide you with more wealth and happiness than you ever thought possible. |
| 0:28.4 | Now, here's your host, investor, entrepreneur, business owner, and educator Keith Weinhold. |
| 0:39.2 | You are inside Get Rich Education episode 151. |
| 0:43.3 | I'm your host Keith Weinhold, and I'm here each week to tell you how busy people like you can build wealth passively with real estate investing. |
| 0:51.8 | You are here for a purpose, and that purpose is to grow into a mountain, |
| 0:57.2 | not to shrink into a grain of sand by seeing how cheap of a life you can live. |
| 1:02.6 | Well, most people don't have time to think that expansionary thought because they've got their |
| 1:07.1 | head buried at work, so we're going to talk about whether or not you should quit |
| 1:11.2 | your day job sometime and how to know if you're ready. What's happening really is that this show |
| 1:17.7 | has been on the air for almost three years now, so some time has set in such that many |
| 1:23.0 | action takers have had their lives change pretty substantially, and we're starting to hear |
| 1:28.5 | from more of them right here on the show. Today we're going to hear from a young Get Rich Education |
| 1:32.9 | listener, whom after investing in real estate for just over three years, has quit his job |
| 1:39.3 | working in an automotive factory because he has built up enough passive income from real estate to do so. |
| 1:45.8 | So I'm going to talk to you about why your job might feel so bad to you these days. |
| 1:51.9 | And also, you know, when you ask yourself that question, where did the time go? |
| 1:56.4 | Where in the heck did the time go again? |
| 1:58.6 | Well, I've got an answer for you there. |
| 2:02.5 | But first, here's a little something that might help you out. Are you using the Apple AirPods headphones? They're pretty |
| 2:07.8 | great. Wireless headphones and they're compatible with either Apple or Android devices. And they're |
... |
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