Lessons You can Learn from Your Job
So today, I want to talk to you guys about why and how I quit my corporate job about six years ago and I guess successfully because I've been gone for about six years now. So at the time, my company was having massive layoff and I happened to even got promoted up to that maybe because a lot of my friends got laid off. Even a mentor of mine got laid off. So but lucky enough, I didn't. But there was a comment that my boss made, and he said that, "In a few years, I can probably promote "you to take my position, but I don't think "you want it anyway."
And I just thought that is true. I've always wanted to go around in the company and look for the position that I really want to have, but I never really thought about getting promoted in that department because I was always thinking, "Of course I'm gonna be somewhere else after this. "I'm not gonna be here forever." But then, looking back, I was already there for quite a few years now. So even though like I really loved my boss, hi, Scott, by the way if you're watching, (laughing) and I really loved the work that I was doing, something was just, I felt like I was too comfortable there and I felt like I had to go.
At the same time, I was reading this book called "Rich Dad Poor Dad" a few years ago and I remember thinking that my goal in life was to not have a job. But that's not true, by the way. So that's another video. But in this video, I really wanna go over some of the things that I learned this past few years in going out on my own, what you should consider if you were to go and quit your job. So first of all, I really think, especially if you're in your 20s, just try everything. Like in your 20s, like you don't really know what you want. Like, think about going to buffet. Which one's your favorite? I don't know.
I don't know what's my favorite. I haven't tried everything. I ask my son sometimes, "Try this, try that," and he will say, "No." It's like looking at the thing, he already thinks that that's not gonna be something that he would like. Like how would you know if you have never tried it, right? So I was like really big about exploring and trying things. So if you are gonna go and quit your job, go try to do this part-time first while you have your full-time job. Because if you're gonna quit something that's a sure thing over something that you might love, you haven't spent enough time doing it for as an actual business.
You don't know if you're actually gonna love that, right? And then, also think about your exit strategy. Right, so the next thing that I wanna bring up is have a plan. So it took me a whole year to quit my job. Why? Because I want to replace my income. It's really tough to talk about purpose, passion, when you have no money, right? So there is things that you love and there are things that you can pay your bill.
That means those are things that you're good at. So if you happen to be good at things that you love, then you can be doing something and getting paid doing it, right? So have a plan to think about what you gotta do every single month first. First of all, how much do you need per month, right? Do you need $2,000 to survive? For me at the time, I only needed about $2,000 if I didn't have to have a mortgage in D.C. 'Cause since I was gonna move anyway, then I know that I only needed $2,000 per month. And I actually didn't quit until I realized that I would at least have $2,000 income from real estate investment.
So I did that. Once you have a plan, you can do a lot that from the outside, it seems like it's a lot of changes, but it's actually you've been doing that that whole year. Right, so I actually was able to quit my job, move, and get married within one week. So it's really important to have a plan. The next thing that I would wanna say is that you gotta do what you gotta do until you can do what you want to do. So kinda similar to what I was alluding to earlier that to have that intersection of what you want to do with what you're good at, if you're able to find that thing that can put a few of those things together, that's what ideally you want. It's okay to have to have a job for awhile, and just make sure that you do some things that also energize you.
So as you kinda grow those skillsets that could be paying you a lot, stop doing things that, you know, even if those things are gonna make you a lotta money, stop trying to like get good at it. Because then like you're gonna have to have this conflict of like, "Oh, man, I'm getting paid "a whole lot more over here." - 'Sup? - (laughing) There you go, hey. Yeah, I'm videocording, a video recording. - Hi. - Go away. - Okay, and now I'm gonna cut all of this. - Dun dun dun. Dun dun dun dun dun. - Yeah, so he messed with my flow there. So (laughing) what I was saying is that you don't want to get really good at something that you don't like and it's gonna make you good money. Because then, you just won't have joy in life, right?
As you're looking into changing to your own business or a new career, you'll want to continue practice on skills that you would have the potential of loving it and having it in your own business. So this is just my two cent on this. So in the same mindset of doing what you gotta do until you get to do what you want to do, I gotta say that right now, we're not as well-off as we were a few years back, as we were like flipping houses the whole time and we're not selling any of our asset. Because the passive income that we're getting from our assets is how we live on and also having a stable income for our family and how we also contribute to our charity that we care for, right? So there's another video I'm gonna talk about that.
But yeah, so we know that there's a ramp up period whenever you pivot to a new thing. So that gets me to my final point, which is to be successful in business or to be successful in a career, you gotta stay in it. Stay in the business. To be successful in the business is to stay in business. So what happened to us is that like I got into doing real estate as a Realtor, thinking that while I'm doing investment, then I will might as well be my own Realtor for a little bit. And I thought I would also be just like any other Realtor, serving home buyers and things like that. But at the end of the day, I found out that since I always invest and my clients are mostly investor clients, so I became kinda like the investor agent.
And then after that, what happened is that like that got us to starting working with a fund, which gave me a lot more opportunities to learn how fund works and how to do deals with different people, right? So that got me into learning how to do more deals on my own and working with other people, and that got me into learning how to do private lending. And from there, we actually start thinking, "Hey, maybe we don't only lend money "to real estate deals. "We can also lend money to businesses." Because that could be even more meaningful, to be supporting a business that is doing something great in the community, right?
So you know, that's the same thing when you are going into a career. The longer you stay at it, the more trends that you see of how this industry is going. Then, you're gonna be able to adapt, and then you're gonna be able to excel. I have a friend that stayed in the same company, actually doing in the same unit for the whole time ever since we graduated college and now she's a managing director of that unit. And that doesn't mean that like everyone's gonna be that way, but it's also, you know, there is something to say about staying in the same lane if once you find what it is, right? So that's my two cents for job transition and like even just like finding your passion or like quitting your job and like starting your own business.
I think it's all very similar. It's just to try things out first and also focusing into something that you really gonna be able to adapt to.
And I just thought that is true. I've always wanted to go around in the company and look for the position that I really want to have, but I never really thought about getting promoted in that department because I was always thinking, "Of course I'm gonna be somewhere else after this. "I'm not gonna be here forever." But then, looking back, I was already there for quite a few years now. So even though like I really loved my boss, hi, Scott, by the way if you're watching, (laughing) and I really loved the work that I was doing, something was just, I felt like I was too comfortable there and I felt like I had to go.
Lessons You can Learn from Your Job
At the same time, I was reading this book called "Rich Dad Poor Dad" a few years ago and I remember thinking that my goal in life was to not have a job. But that's not true, by the way. So that's another video. But in this video, I really wanna go over some of the things that I learned this past few years in going out on my own, what you should consider if you were to go and quit your job. So first of all, I really think, especially if you're in your 20s, just try everything. Like in your 20s, like you don't really know what you want. Like, think about going to buffet. Which one's your favorite? I don't know.
I don't know what's my favorite. I haven't tried everything. I ask my son sometimes, "Try this, try that," and he will say, "No." It's like looking at the thing, he already thinks that that's not gonna be something that he would like. Like how would you know if you have never tried it, right? So I was like really big about exploring and trying things. So if you are gonna go and quit your job, go try to do this part-time first while you have your full-time job. Because if you're gonna quit something that's a sure thing over something that you might love, you haven't spent enough time doing it for as an actual business.
You don't know if you're actually gonna love that, right? And then, also think about your exit strategy. Right, so the next thing that I wanna bring up is have a plan. So it took me a whole year to quit my job. Why? Because I want to replace my income. It's really tough to talk about purpose, passion, when you have no money, right? So there is things that you love and there are things that you can pay your bill.
That means those are things that you're good at. So if you happen to be good at things that you love, then you can be doing something and getting paid doing it, right? So have a plan to think about what you gotta do every single month first. First of all, how much do you need per month, right? Do you need $2,000 to survive? For me at the time, I only needed about $2,000 if I didn't have to have a mortgage in D.C. 'Cause since I was gonna move anyway, then I know that I only needed $2,000 per month. And I actually didn't quit until I realized that I would at least have $2,000 income from real estate investment.
So I did that. Once you have a plan, you can do a lot that from the outside, it seems like it's a lot of changes, but it's actually you've been doing that that whole year. Right, so I actually was able to quit my job, move, and get married within one week. So it's really important to have a plan. The next thing that I would wanna say is that you gotta do what you gotta do until you can do what you want to do. So kinda similar to what I was alluding to earlier that to have that intersection of what you want to do with what you're good at, if you're able to find that thing that can put a few of those things together, that's what ideally you want. It's okay to have to have a job for awhile, and just make sure that you do some things that also energize you.
So as you kinda grow those skillsets that could be paying you a lot, stop doing things that, you know, even if those things are gonna make you a lotta money, stop trying to like get good at it. Because then like you're gonna have to have this conflict of like, "Oh, man, I'm getting paid "a whole lot more over here." - 'Sup? - (laughing) There you go, hey. Yeah, I'm videocording, a video recording. - Hi. - Go away. - Okay, and now I'm gonna cut all of this. - Dun dun dun. Dun dun dun dun dun. - Yeah, so he messed with my flow there. So (laughing) what I was saying is that you don't want to get really good at something that you don't like and it's gonna make you good money. Because then, you just won't have joy in life, right?
As you're looking into changing to your own business or a new career, you'll want to continue practice on skills that you would have the potential of loving it and having it in your own business. So this is just my two cent on this. So in the same mindset of doing what you gotta do until you get to do what you want to do, I gotta say that right now, we're not as well-off as we were a few years back, as we were like flipping houses the whole time and we're not selling any of our asset. Because the passive income that we're getting from our assets is how we live on and also having a stable income for our family and how we also contribute to our charity that we care for, right? So there's another video I'm gonna talk about that.
But yeah, so we know that there's a ramp up period whenever you pivot to a new thing. So that gets me to my final point, which is to be successful in business or to be successful in a career, you gotta stay in it. Stay in the business. To be successful in the business is to stay in business. So what happened to us is that like I got into doing real estate as a Realtor, thinking that while I'm doing investment, then I will might as well be my own Realtor for a little bit. And I thought I would also be just like any other Realtor, serving home buyers and things like that. But at the end of the day, I found out that since I always invest and my clients are mostly investor clients, so I became kinda like the investor agent.
And then after that, what happened is that like that got us to starting working with a fund, which gave me a lot more opportunities to learn how fund works and how to do deals with different people, right? So that got me into learning how to do more deals on my own and working with other people, and that got me into learning how to do private lending. And from there, we actually start thinking, "Hey, maybe we don't only lend money "to real estate deals. "We can also lend money to businesses." Because that could be even more meaningful, to be supporting a business that is doing something great in the community, right?
So you know, that's the same thing when you are going into a career. The longer you stay at it, the more trends that you see of how this industry is going. Then, you're gonna be able to adapt, and then you're gonna be able to excel. I have a friend that stayed in the same company, actually doing in the same unit for the whole time ever since we graduated college and now she's a managing director of that unit. And that doesn't mean that like everyone's gonna be that way, but it's also, you know, there is something to say about staying in the same lane if once you find what it is, right? So that's my two cents for job transition and like even just like finding your passion or like quitting your job and like starting your own business.
I think it's all very similar. It's just to try things out first and also focusing into something that you really gonna be able to adapt to.
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