Posts Tagged ‘real estate’

I learned my lesson the hard way.  By living and surviving through major recessions in 2001 and in 2008/2009, I cannot overstate how important it is to have a plan B.

What happens if your job is eliminated and eliminated quickly?

Can you afford your rent, cell phone, car insurance, food, and gym membership for one year?

Most people can’t.

The first time I worked two jobs was right after I graduated from College.  At that point I wasn’t necessarily worried about losing my job since I lived with my parents, but more importantly, I wanted to save some quick money.

And it worked great.

Almost 15 months after graduating from College, I had saved over $20k.

But more importantly, I learned how a second job gave me some flexibility.  If I wanted to leave my first job, or if I got laid off, the second job was there for me.

I have met so many older Americans that have only worked and committed to one place of business and unfortunately had their rug ripped out from under them.

2001 was bad.  2008/2009 was really bad.

I don’t want to get into the importance of having a nest egg since that is obvious, but not enough people have a plan B.

A great example would be the auto workers in Detroit.  For years, the jobs were slowly starting to leave before they almost became non-existent.  If you find yourself in the same situation, you need to start a 2nd job before your position is eliminated.

Healthcare. Education. Retail. Restaurant/Tourism, etc.  There are a lot of fields where people can possibly work part time and have the opportunity to switch to full time if necessary.

Another idea is a side business.

If you can start up a successful side business, you can save a TON of money.

I have been working in sales part time for the last 3 years, and so far, it was been very profitable.  Profitable enough that I don’t think I could have afforded to get married and support my pregnant wife like I am now.

But that best part is that if I lose my 9-5 job, I can jump into my sales job full time on day ONE.  I won’t earn the same that I was, but I have a solid chance to break even with my bills and support my family.

So take my advice, take on a 2nd career.  You will be surprised by how much you can earn.


I have been working really hard recently.  Between my regular job, the gym and my side-business, I have been putting in 70-80 hour weeks.

Last week I was speaking to a potential client that retired after owning a pizzeria for over 30 years.  The client told me stories about how he would wake up at 5 am for work and not return until midnight, 7 days a week, including Christmas and New Years Eve.

It was sad, but after all those years of hard work, not only did he have meager savings but he also had a massive heart attack towards the end of his career.

There is no doubt that this person worked HARD, but did he work smart?

Yes and No.  He owns a home in a decent neighborhood.  There is food on the table.

But I almost felt bad for him.   Working 100 hours a week for your entire life with not much to show for it is tough.

If you put that much work into real estate, law, accounting, engineering, or any other high paying profession, you SHOULD be at least relatively middle class.

But who am I to kid? That’s what I have been doing recently.

Between the pains in my chest and the sleepless nights, I have been working too hard.

This weekend I decided to take a mini-break.  I’ve only been married for 2 months and I am barely spending time with my wife.

Not only am I resting this weekend but I want to focus on working smarter instead of hard.  Don’t get me wrong, hard work is important, but just because you put in a lot of time doesn’t mean you are doing it right.

It’s the same with bodybuilding.  Intensity is a lot more important than volume.   I actually see volume as the enemy and not beneficial.

This “bulk up” season I have been trying to focus more on putting up the heavy numbers and less on adding worthless sets.

This week I bench pressed 245 pretty easily for a couple reps, I did 75’s for 8 in shoulders dumbbells and I leg pressed over 550.  The numbers I am reaching in the middle of October are a strong indicator that I should be pretty strong this winter.

I’m not sure If I will break my bench press record of 345, but I am 100% going to break my leg press record and I have a decent shot of breaking my dumbbell shoulder record of 105’s.

In conclusion: my goal now is to work smarter and not harder.  The goes for both my career and in the gym.