Over the last three months, many people have asked me why I moved to Texas. So today I thought I would share a glimpse into the thought process of why I left California, for the great state of Texas. So here it goes:
Growing up I was the kid who always challenged authority, I would receive a spanking, and say “that didn’t hurt”. I would constantly talk back and end up in trouble. Now that I am 25 my desire to challenge the status quo has not gone away, but rather has been redirected into challenging how we look at work-life and the American Dream.
6:45 am, wake up, shower, make lunch, pour coffee. 8:00–12:00 work. 12:00–1:00 lunch. 1:00- 5:00 work. 5:30–7:00 gym. 7:30 dinner. 11:00 pm bed. This was my daily routine as well as the daily routine of most Americans. We go to work day in and day out to make money. In turn, that money gives us the ability to have food, water, shelter, and the ability to do things that we love. People have different motivations for working. Travel, provision, to buy a new car, etc. Regardless of the motivation, we all work to enjoy the things that we love the most, yet work is the largest limiter of the time we need to enjoy those same things. Work allows us to buy a new car but then forces us to park it for eight hours a day. Work allows us to pay for vacations but limits us from going on vacation. Work allows us to provide for our families but takes us away from them for most of the day. Although I find this irony fascinating, I found it extremely difficult to accept as the only way to live.
Think about this. In the corporate setting in which most Americans work, the more successful you are in your career the less time you have to enjoy the things you are working so hard for. Promotions mean higher pay, but longer hours. We submit to the injustice of this day in and day out because we cling to the ideals we are taught all throughout school. Go to college, get a good job, get promoted, save a little, and retire at 65. Something about this didn’t feel right to me as I sat in my cubicle for 40 hours a week. So I began to look for alternatives. In the process, I stumbled across a book called, “rich dad poor dad” by Robert Kiyosaki. In his book, Kiyosaki states that he became an entrepreneur because he recognized that as an entrepreneur success and time freedom work in parallel rather than in opposition.
This made so much sense to me. We should be able to have more time freedom the more successful we are not less! Immediately I launched into a rabbit hole of self-education. I consumed any and all material on the subjects of entrepreneurship and real estate investing, that I could get my hands on. For about a year I listened to podcasts, attended meetup groups, searched for mentors, and read about 20 books. This self-education has led me to construct a dream of owning a portfolio of businesses/real estate that allows me the time freedom, to be the father and family man I have always wanted to be. Over the course of history, the individuals who have been able to escape the jail cell of a 9–5 cubicle have largely been entrepreneurs and investors. I am not there yet, and I may never get there but the dream remains. As a result, I believe that this move to Texas will help me achieve this goal and here is why.
Some of The Facts:
- I am working for knowledge rather than money
“When you are young, work to learn, not to earn.” Robert Kiyosaki
While I aspire to be an entrepreneur I am still working a 9–5 here in Texas. it seems counter-intuitive however, it is an incredible opportunity to educate myself to be able to start my own business. Believe it or not, I accepted 30% less in salary to work this job with the understanding that the education I am receiving will pay me back 10x over the course of my life. Don’t get wrapped up in the amount of money you make. There are many different types of wealth. Monetary is the most popular, but I would argue that the most powerful form of wealth, is the wealth of knowledge. I believe that this job opportunity will give me a great foundation to stand on once I take the leap of entrepreneurship.
2. Real Estate Investing
“Put your money to work for you instead of working for money all your life” Robert Kiyosaki.
Lower housing prices in Texas has provided me with the opportunity to make my first investment in the real estate market. Did you know that 90% of all millionaires own real estate? Investing in real estate allows your money to appreciate whereas investing in a new vehicle causes it to depreciate. In other words, if I buy a house, in 10 years it will be worth more than I paid for it. If I buy a car, in 10 years it will be worth far less than I paid for it. (I will be writing an article on the power of real estate in the coming days).
3. Discomfort Forces Growth
No matter how I played it out in my head the thought of moving across the country and away from my family was scary. However, reflecting on my life I realized that my greatest growth spurts came from times of great discomfort. Hear me when I say this, You will never grow if you’re comfortable. Iron is forged in the fire, and muscle is built by first tearing it down. It seems counter-intuitive to thrust ourselves into discomfort, but I have learned that if I ever want to achieve my dreams, I need to embrace being uncomfortable.
4. Why Not
Before I decided to move I spoke with a couple of my mentors, many who are much older than me, and almost unanimously they said, “Go for it. Never again in your life will you be able to just pick up and move”.
I encourage anyone who is thinking about making a big move to go for it. Stop debating and just do it. Whether it is a dream to start a business or live in another country like Paul Keating, the time to do it is now. Especially if you are a young adult who just graduated from college. As young adults, we have the freedom to take an immense amount of risk.
In a recent interview, investor and entrepreneur mogul, Gary Vaynerchuk was recorded saying, “I’m not sure anyone is taking enough risk from 20 to 30. Its the most interesting thing I’ve been thinking about. It is never more practical to be disproportionately risky than from 22 to 30, yet everyone goes the other way.”
Right, when we graduate college we are all encouraged to get a stable job and contribute to our 401k because it is safe and comfortable, it’s exciting at first but after 10 years we are bored and want a change. However, now that we have kids and a mortgage, it is a lot more difficult to justify taking a large risk. The first few years after college are the best time to take a risk and chase your dream because your responsibilities are at an all-time low. You literally have nothing to lose.
I have just started on my journey of risk, and I truly do not know where it will end up. In a few years, I will look back on this article and see if it was a dream come true or just wishful thinking but for now, I am choosing to believe that this dream is possible. I guess we will find out.