How Much Cash Flow Do You Need to Quit Your Day Job?

How much cash flow do you need to quit your day job and go full-time into real estate investing? You may have a big number in your head when we ask that. Maybe you’re thinking of replacing a six-figure salary with six-figure cash flow, but that's probably far from what you truly need to quit. In fact, you can quit with a lot less cash flow than what you’re being paid today!

Joining us again is Daryl Clinch, who recently went full-time into real estate investing with his mentor and partner, Ashley Kehr. Daryl transitioned from seasonal employment to full-time investor after working at his job for sixteen years and deciding he needed a change. In today’s show, Daryl breaks down exactly how he prepared to quit, the cash savings he had, and the surprising amount of cash flow that allowed him to achieve occupation-independence!

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Listen to Daryl’s First Episode:
https://www.biggerpockets.com/blog/rookie-164?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Daryl on Instagram:
@darylc138 or https://www.instagram.com/darylc138/
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4 Steps for Getting Your Finances in Order BEFORE You Quit Your 9-5 to Invest:
https://www.biggerpockets.com/blog/2015-09-30-finances-before-quit-9-to-5?utm_source=youtube&utm_medium=description&utm_campaign=none
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9 Simple Steps to Finding the Best Real Estate Mentor for You:
https://www.biggerpockets.com/blog/real-estate-mentor?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Tony and Ashley on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley or Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Episode 168

Show notes at: https://www.biggerpockets.com/blog/rookie-168?utm_source=youtube&utm_medium=description&utm_campaign=none