5 Reasons to Quit Your Job Today - Episode 636
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 8 June 2020
⏱️ 12 minutes
🧾️ Download transcript
Summary
If you've got a few rental properties under your belt, you might be considering leaving your day job. This is a deeply personal decision, but there are a few things you should think about when making this decision.
On this episode of Investing in Real Estate, I'm talking about developing multiple streams of income and becoming self-reliant for income. You'll learn the truth about job security and retirement plans, and how your 9-5 might be affecting your health.
Transcript
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| 0:00.0 | So you've been thinking about it for a while now, right? You're thinking about it |
| 0:06.9 | for a while now, right? You're thinking about leaving your job. You're thinking |
| 0:11.0 | God, I put in so many hours here and I'm just not being rewarded in the right |
| 0:14.8 | ways. I'm not building wealth. I'm not moving towards my goals. That's what today's show |
| 0:19.9 | is all about five reasons to quit your job. |
| 0:24.0 | Hey everyone, I'm Clayton Morris, longtime real estate investor, |
| 0:27.0 | entrepreneur. |
| 0:28.0 | I've started multiple seven-figure businesses, |
| 0:30.0 | and a few years ago, I left my day job. so I know a thing or two about deciding to leave your job and there's a big questions that you need to wrestle with before you make that leap. |
| 0:40.0 | I hear from a lot of you. A lot of you write to me and wrestle with this as well and ask, hey, Clayton, when is it time should I leave my job? I've got a few rental properties already. A few years away from getting my pension. I'm a school teacher and I just don't want to do it anymore. |
| 0:55.8 | I'm not building the business that I want. When should I do it? I think there are really five reasons |
| 1:01.7 | to consider quitting your job. And you need to put this down on paper, |
| 1:06.0 | do a pro and cons list and really decide what works for you, and this is a deeply personal decision. |
| 1:12.7 | But I really think that there are five main reasons |
| 1:14.7 | that you'd want to consider leaving your job. |
| 1:16.8 | Let's start off with the very first one. |
| 1:18.7 | Millionaires have at least seven sources of income. |
| 1:23.1 | So when you work for someone else, |
| 1:26.2 | you don't have another source of income. |
| 1:28.7 | If you're just punching that 9 to 5 |
| 1:30.8 | and you're working 40 hours a week for somebody else, you have one source of income. |
| 1:35.1 | And unfortunately you're taxed in the highest tax bracket. Now look at big companies, |
... |
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