AREI 98: - How to prepare for your W2 transition with Marcus Long
Making the transition from military to civilian life can be a daunting task, especially when it comes to your finances. If you're used to receiving a regular paycheck from the government, adjusting to a more irregular income can be challenging.
One way to smooth out the transition is to invest in real estate. Real estate investing can provide a steadier stream of income than other types of investments, and it can also offer potential tax advantages.
If you're thinking about investing in real estate, in this episode Marcus Long shares a few things to keep in mind how he successfully left the military and transitioned as a full-time real estate Investor. Come join us and listen in!
[00:01 - 08:46]
• We welcome back Marcus Long to the show.
• Best of friends, 4,000 miles away and together going through the real estate investing journey.
• Marcus’ quick background and how he started in real estate investing. Marcus quick update since his last appearance on our previous episode.
• The progression of our real estate investing journeys. The big "Spark" Marcus went all in with real estate investing.
[08:47]
• Things Marcus needed to put in place before he started to transition.
• Bringing value into partnerships and opportunities.
• Understanding that he needed to get cash flow in order to pay the bills and transition.
• Building a routine that allowed him to self-reflect and defines where is he headed in three years.
[14:33]
• How did his transition period go?
• Marcus on the bigger challenge of having to execute day-to-day decisions after having the freedom as an entrepreneur?
• Having difficulty working from home after he transitioned.
[20:37 - 31:57]
• Understanding the balance that allowed Marcus to rearrange his schedule to spend more time with his children and when they’re away, he can do all of the work as an entrepreneur.
• What help Marcus during the transition and what was something he wish he could have done before the transition?
• Asking Marcus Long the Adventurous Four
Memorable Quotes:
"The way I want to leave an impact is through my children. " - Marcus Long
Explore more. Adventure awaits.