Podchaser Logo

21: [Foundation] When to Quit Your Day Job w/Mark Podolsky

Released Monday, 15th February 2016
Good episode? Give it some love!
This is the fifth episode of the flipping houses training series we are doing on the podcast.

We’re still in the foundation stage where we help you work on your mindset and improve yourself so that you are prepared to get out of your comfort zone and make things happen.

The podcast is being released every Monday now. This way you can listen in while headed to or from that job that you are working on leaving behind.    :)

Mark J. Podolsky (AKA The Land Geek) is widely considered the Country’s most trusted and foremost authority on buying and selling raw, undeveloped land within the United States.

He has been actively investing in Real Estate and Raw Land since 2001, and has completed over 5,000 unique transactions.  Mark’s company, Frontier Equity Properties, LLC, is an A+ rated BBB real estate company.

Mark has achieved this level of success largely due to his core business philosophy – “Happy Customers Guaranteed.”

Mark is the host of one of the top rated podcast in the Investing Category on iTunes, aptly titled: The Best Passive Income Model.  He is also the host of the Land Geek Podcast: Work Smart. Earn More. Learn How.

In this episode, Mark shares with us his views on when you should quit your day job and start flipping houses.

We know that everybody is at a different place when it comes to how much money they make, what responsibilities they have, families to care for, etc. so we decided to talk about 3 different scenarios for where you might be when making the decision to go full time or get started in this business.

I think this boils down to each persons situation, so let’s try to cover several common scenarios:

1. In college, but realizing the corporate world isn’t what they really want.  Have the opportunity to live and their parents’ house. Single, so don’t have to support a family. Don’t really have much money at all because either not working or working an entry level job.  What do you recommend in this situation?

2. Second scenario: working an entry level job making just above minimum wage and have a family to support. They don’t really have any money available at the end of each month, creating a shoestring budget for finding deals. What do you recommend for this person that really wants to stop trading dollars for hours and provide much more for their family?

3. Working at a corporate job making a decent salary that is sufficient for themselves and their family.  They’ve got a little extra money each month and can afford to take a little time off. What do you recommend for this person that wants to exit the rat race and choose their own hours and be their own boss?

The answers to these three questions are in the interview.  Listen and enjoy.  Thanks!