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From Corporate Job to Financial Independence

“Financial freedom is available to those who learn about it and work for it.”

— Robert Kiyosaki

I remember my last day of working my corporate job in medical sales.

It was a great day!

I left my job of 10 years with my expenses covered through investment income.

Working was now optional.

If you’re reading this blog, you may want the same thing.

You might want to get out of the rat race and into full-time investing.

In my book, Fire Yourself, I talk about how to replace your working income with passive income in three years or less.

Today, I want to share three secrets from that book.

Each one is going to help you scale up your passive investing so your expenses are covered.

Then, you’ll be free to leave your job behind.

Let’s jump into it!

1. What’s Your Number?

The first secret is figuring out your financial freedom number.

It’s probably not as high as you think

When I left my job, I figured out I didn’t need to make my entire salary to leave my job.

Instead of $200,000, I needed to make around $70,000 from my investments.

My expenses were not extravagant.

I didn’t spend everything I earned.

You should figure out what your expenses actually are and go from there.

Note down the different costs you have in your life.

While you do this, you should think about the types of investments you want to look into.

In my journey, I’ve realized active income is not nearly as good as passive income.

When you have passive income, it allows you to have that money come in residually.

Oftentimes, there’s an appreciation that happens.

There’s a power in being passive.

A great example is in emergency situations.

God forbid, if something bad happens in your life, such as a disability or family emergency, your passive income will still cover your expenses.

There is a difference between good passive investments and not-so-good passive investments.

Now, I used to be a registered investment advisor.

During my years in that position, I realized Wall Street is not out looking for you.

There’s a misalignment of interest.

Over 50% of individuals in Wall Street managing funds over $100 million have $0 of their own money invested in those funds.

That’s crazy, right?! They don’t eat their own cooking!

Wall Street has done a great job of telling us we have to invest in stocks and bonds.

According to them, you need to trust the experts.

That’s absolutely not true.

Wall Street is also notoriously unreliable when it comes to investment performance.

According to this article on Wall Street, some of their investment strategies produce strong results while others underperform.

The difference between what works and what doesn’t in Wall Street is often difficult to pinpoint.1

You can achieve the same amount of success, if not more so, with other types of passive investing outside of Wall Street.

2. Get Started Passively Investing

After you discover what your number is, you should start passively investing.

I’ve had over 2,000 individual calls with high-net-worth investors.

A lot of them have analysis paralysis.

As defined by this article featured in Procedia Economics and Finance, analysis paralysis refers to overthinking a situation to the point where you never actually act.2

In my book, I recommend a new investor should decide to invest and actually do so within 60 days.

If you have a net worth of $1 million or more, you could get started by putting $50,000 to $100,000 in an alternative asset deal.

That way you have something out there.

No matter what your budget is, you should aim to look at 5 to 10 deals that fit your portfolio.

(Check out my YouTube page for videos on how to find these deals!)

3. Make a Plan

The third secret is making a plan.

What do you want to do?

How much can you invest in a year?

Whatever your starting point is, you need to invest as soon as possible.

Then, you should get to a point where you can scale up.

The most important step is getting started.

When you start, you’re not just talking about investing.

You’re actually doing it.

If you’re willing to learn and do the work, financial freedom can be yours.

And I don’t just mean freedom of money.

I also mean freedom of time.

You can go where you want, when you want, and have the funds to support it all.

I love having control over my schedule.

That was the biggest reason I wanted financial freedom.

Now I want to hear from you!

What do you want to do once you leave your corporate job?

Let us know in the comments below.

Before you leave, make sure to check out our special report about inflation investing. It shares the best choices to invest during an inflationary environment.

If you are interested in investing with us, we are happy to answer any questions that you may have. Join our investment club today and we will be in touch.

Check out my bestselling book on Amazon!

Disclaimer: I am not your investment advisor. This is for educational purposes only. I am not giving specific advice on what you can do. I am simply giving my opinions.

Works Cited

1. James P. O’Shaughnessy. “What Works on Wall Street: A Guide to the Best-Performing Investment Strategies of All Time.” (1996). https://doi.org/10.5860/choice.43-5385.

2. Rony Kurien, Anil Rao Paila and Asha Nagendra. “Application of Paralysis Analysis Syndrome in Customer Decision Making.” Procedia. Economics and finance, 11 (2014): 323-334. https://doi.org/10.1016/S2212-5671(14)00200-7.

Bronson Hill

Bronson used to work as a consultant for a medical device company but switched to investing in apartment buildings to make his money work for him. He started with a single rental property that made good money and, after some advice from a family member, moved into bigger real estate projects. Now, he's all about helping others get into this kind of investment to earn money without having to work all the time. When he's not dealing with investments, Bronson loves to travel, write songs, stay active, and help fight modern slavery through his work with Dressember. He believes in working smarter, not harder, and wants to share how that's possible with everyone.

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