628: How Being a Quitter Will Make You a Millionaire

<p><a href="https://www.biggerpockets.com/blog/10-challenges-quitting-day-job" rel="noopener noreferrer" target="_blank"><strong>Before you quit your job</strong></a>, you’ll need to do a few crucial things. If you haven’t done these yet, but are strongly considering leaving your job soon, <strong>Henry Washington</strong> and <strong>Rob Abasolo </strong>may advise you to wait it out a bit longer. <strong>Quitting your job is a big decision</strong>, especially if your family relies on the income that you’re bringing in. The good news is, that if you’re prepared, you can <strong>walk away making much more than you did at your W2</strong>. But, if you aren't, you could simply be taking a breather in between jobs, instead of building a life you love and ruling your schedule.</p><p>Henry and Rob both have eerily similar quitting stories. They both quit during the same month of the same year, making the same salary all while <a href="https://www.biggerpockets.com/blog/build-real-estate-portfolio-fast-the-stack" rel="noopener noreferrer" target="_blank"><strong>building a real estate investment portfolio</strong></a><strong> in the background</strong>. While Henry is more of a multifamily investing man, Rob has taken the short-term rental route to build his wealth. Both men have left the cushy <strong>healthcare-provided and retirement-matching lifestyles</strong> to <strong>build something much bigger</strong> not only for themselves but their families and employees.</p><p>If you’ve wondered “<strong>when should I quit my job</strong>” or “<strong>is now the right time to </strong><a href="https://www.biggerpockets.com/blog/should-you-quit-your-9-5-job-for-real-estate" rel="noopener noreferrer" target="_blank"><strong>go full-time into real estate investing</strong></a><strong>?</strong>” then this episode is a prerequisite for you. Henry and Rob go over the four things you need to know BEFORE you quit, things to be aware of as a full-time entrepreneur, how to handle<strong> taxes and healthcare</strong>, a