648: Why Winners Quit: The 5 Factors to Leaving a Soul-Sucking Job w/Pat Hiban and Tim Rhode

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 14 August 2022

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Quitting your job is a big decision and it doesn’t always lead to the perfect outcome—at least not immediately. Most people think that you have to be miserable or make very little money to want to quit a job, but even high earners still find themselves struggling to attend their nine-to-fives. Pat Hiban is the perfect example. He quit during his prime even as he was making a high income and after owning his own company. Regardless of all the respect, responsibility, and ability to make phenomenal income, it just wasn't enough for Pat. You may be feeling the same. Maybe you’re daydreaming about multifamily investing as you sit at work, or picturing the perfect vacation rental property on your commute. Whatever your reason, quitting might be the best move for you to make, but only if it’s the right time. Don’t worry if you’re struggling with decision fatigue, Pat and fellow quitter Tim Rhode just came out with their newest book, The Quitter’s Manifesto: Quit a Job You Hate for the Work You Love. In it, Pat and Tim give stories and tools that will help you on your path to building wealth while leaving a job that you hate. The resources you’ll find in this book are exactly what our very own David Greene used when deciding to quit his highly lucrative, but mentally draining job as a police officer. If you’ve been sitting on the fence, not knowing the next step to take in your career, this book may be exactly what you need. In This Episode We Cover: How to quit your job and start investing in real estate full-time The five factors of a soul-sucking job and how to evaluate whether or not it’s time to jump ship Finding the "quitter’s trapeze” that can help you transition from W-2 to self-employed worker Building your team of quitters who will hold you accountable and take you to the next level of your career What it looks like when you’re ready to quit and how to emotionally prepare for the impact And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Youtube Rob's Instagram Rob's TikTok Rob's Twitter BiggerPockets Podcast 190 with Pat BiggerPockets Podcast 353 with Tim Hear David’s Real Estate Origin Story on The “BiggerPockets Money Podcast” 10 Challenges to Seriously Consider BEFORE Quitting Your Day Job Books Mentioned in the Show: 6 Steps to 7 Figures by Pat Hiban The Quitter’s Manifesto by Tim Rhode and Pat Hiban Connect with Pat & Tim: Pat's LinkedIn Pat's BiggerPockets Profile Tim's Website Tim's LinkedIn Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-648 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast.
0:02.0	Show 648.
0:04.0	But the difference is, most people think that when they jump off a cliff, they're just
0:10.0	going to fall straight to the ground if they don't prepare an airplane on the way down.
0:14.9	You've heard that all add.
0:15.9	It's entrepreneur to jump off a cliff and then they build an airplane on the way down.
0:19.6	Well, most people think I'm not going to be able to build an airplane, so I'm not going
0:22.4	to jump off the cliff.
0:23.4	And what we're saying is, look, it is scary to jump off the cliff.
0:27.4	And we're not telling you to jump off the cliff.
0:29.9	We're telling you to jump off the cliff, but we have a bunch of trap peas swings that
0:34.9	you could grab onto.
0:35.9	What's going on, everyone?
0:36.9	This is David Green, your host of the Bigger Pockets Real Estate Podcast.
0:40.4	Here today with my co-host and good friend Rob, Abbasolo interviewing two mentors of mine.
0:46.6	In today's show, we bring back Tim Road and Pat Hyben, both OGs and Juggernauts in the
0:51.6	real estate space in their respective rights who are incredibly successful agents at the
0:56.4	top of the world in their prime and walked away from that job.
1:00.6	Quiddit to find a better life for themselves that centred more around giving back to other
1:05.0	people, working in nonprofits, pouring into others lives and making a whole bunch of
1:09.4	money investing in real estate passively.
1:12.6	In today's show, we dive deep and they share their story of the obstacles that they face
	...

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