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Posts Tagged ‘4hww’

Things have been busy yet again this week.  With all the Halloween festivities and a super busy couple weeks at work, it was tough to get a lot of REI stuff done.  Even so, we were able to look at a few houses this week. One of which was on Monday night, but it was after dark, which is not a good idea, when the house has no electricity.  LOL!  Luckily, my camera got some good shots with the flash.  Although even though it was dark, we could still see the house needed WAY too much work. The listing said that 90% of the rehab had been done.  Yeah, sure…so I guess the other 10% includes  drywall, windows, floors, paint, etc! 😉

I also have been reviewing Shae’s Financial Freedom GPS.   It has some really great content.  Some of the things she talks about I have already thought about or are doing, but there are a lot of good exercises and time management strategies.  That’s the stuff I really appreciate – Shae had the same struggles many of us 9-to-5ers have – how do you balance a demanding job, family, kids, tons of other stuff and your REI biz?  I can handle all the “work” involved with REI.  I mean, I am really organized and determined, but just finding the time in a given week is so hard sometimes.  I swear, I could be kicking some serious butt if I didn’t have the 9-to-5.  And like Shae says in the book, I also hope and want and wish to get laid off all the time.   With my years of service, I’d get about a years severance pay, which would be pretty darn awesome.  But I digress.  Anyway, I also did the exercise of coming up with our “number” for financial freedom – this is the amount we need to cover each month for all our family/household bills.  If we can come up with enough passive income to cover this monthly amount  (with a bit of a savings buffer), we’ll be set and I can quit.    The only variable in our “number” is the cost of health insurance.  I added in an approximate number, but that could be higher or lower, since the costs can vary widely, especially for a family plan. 

By the way, I noticed this article over at Tim Ferriss‘ Blog.  It talks about being clear with your requests to your virtual assistant (VA).  While I agree with most of the info, there are things that need to be more detailed, especially if you’re dealing with offshore VAs.  For example, most of the world formats their dates in the DD/MM format, not MM/DD, as we do in the US.  Also, you need to be very clear regarding acronyms, abbreviations, nick names, etc.  In my “day job” we deal with this a lot and you need to be crystal clear with your requests/documentation, or they can easily be misunderstood.  For those of you that use VAs, what are your thoughts?

Happy Investing!

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I took a break a little while ago from my blog and the whole investing game.  I have been super busy at work and my personal life has been downright crazy for quite some time.  I’ll spare you all the details, but in a nutshell, we’ve had a lot of illnesses and losses in our family.  Most of my free time was spent caring for sick and ailing family.

Instead of crawling under a rock, all of this sadness and grief makes me more motivated to give this real estate thing even more of an effort and truly succeed.  I’ve seen too many people live their lives working like dogs at a job they hate and never having the time or opportunity to really enjoy life with their friends and family.  I’ve also seen first hand people that have left this earth too early, never even having the chance to follow their dreams.

So, all of this heartache gives me the motivation to press on and move forward.  I am a fighter, and because I a job, husband and a child, I don’t have the luxury to stay in bed and feel sorry for myself.  Moving forward is what I must do.

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I’m going to start marketing again and possibly buy some motivated seller leads.  I’m planning to do more to promote my website and also finalize our LLC for investing.  I also am trying to plan for my exit from my job.  It’s going to take longer than I had originally planned, since my husband got laid off, but I still don’t want to lose sight of that goal.

For motivation, I’ve been reading books, like the 4 Hour Workweek, and even Steph’s Flip This REO ebook.  I keep listening to investing podcasts and success stories, like the ones on Steph’s blog.  Those really keep me inspired.  I also read tons of investing blogs (check out my Blogroll).  I love hearing about other people investing, especially those who are trying to balance a family and/or a full time job.  Juggling it all isn’t easy, but it can be done.

How do you stay motivated?  How do you juggle investing with your family, job and other personal commitments?

Happy Investing!

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I saw this really cool tool on YouTube to create a search story.  Check it out.  It’s really fun.  My first attempt is below.  I think the story says it all.

Happy Investing!

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