Real Estate Investing with Coach Carson #410: 3 Things to Do Before You Quit Your Job
May 16, 2025
Thinking of leaving your job? Explore three essential steps to safeguard your finances and mindset. First, ensure you have a cash runway to support yourself during the transition. Next, validate your income through side projects to build confidence. Lastly, make sure your next move aligns with a meaningful goal, like pursuing real estate or another passion. Plus, discover the power of joining a community that can boost your journey to financial independence.
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Build Cash Runway
- Build a cash runway of six to twelve months of personal expenses before quitting your job.
- This cash reserve acts as a security blanket during the transition to entrepreneurship.
Anthony's Real Estate Leap
- Anthony set aside six months of cash before quitting his job to flip houses full-time.
- He went through months without income but finally gained traction while drawing on his savings.
Prove Income Before Quitting
- Prove your alternative income before quitting your job by tracking and living off it for months.
- This double effort provides security and confidence for sustainable income replacement.
