Re: QUIT YOUR $40,000 - Posted by Carol
Posted by Carol on December 26, 1998 at 10:38:55:
It’s tempting, and there have been LOOOOONG threads on this subject here. I, too, will share a bit of our story, but ultimately it comes down to your level of tolerance for risk (mine is rather low) and your responsibilities (I have a lot).
We began investing a couple of years ago, got comfortable enough to realize that we were doing ‘OK’ but knew enough to know that we could do better.
We spent some $$ while both still had outside employment learning - seminars, tapes, books, etc.
Finally when it became obvious that the rehab-maintenance- management aspect of our investments was getting to the point where we either had to do more hiring out, restructure our biz, or free up time, my hubby was the one to leave the business in which he was a partner, as his hands on supervision and participation was the area of greatest need.
Yes, he now has a bit of a ‘job’, doing a lot of our ‘handyman’ work and supervising the rest. But, frankly, he enjoys it… and we have the income replacement to justify it - in fact, with his availability we are overcoming some of the frustrations we experienced before.
On the flip side, I generate a comfortable outside income, so we have not gone cold turkey. The plan is for me to have the option to free my time in another 18 months-2 yrs. Please note I said “option”. I enjoy my other activities and may be able to continue with both.
This is long, and probably boring, to give you some insight into our insight and process of arriving at these decisions .
We encourage you to work thru the process and come to the right decisions in the right time FOR YOU.
Best of luck,