Originally Posted by fastfredracing
Here is what I have been thinking, I have owned /ran an independent auto repair shop for the last
17 years now,, while I have made an O.K. Living at it, I am by no means wealthy, and running a buisness has been the cause of much stress , and aggravation over the years. I still enjoy working on cars, but as far as the buisness goes, the love is lost.
I have been buying rental properties on the side now for the last 3 years, and this side of my life is beginning to gain some momentum. If that buisiness grows at the rate it has been, its income will match the income I am making from my auto buisness in the next 5 years. When I reach this point, I think I am going to rent out my commercial building( large building near a busy highway, and in a real good growing area) and dissolve the buisness.. At this point in the game, I will be making more money than I am currently, and will not have to do the m-f grind everyday frickin' day to survive. I would probably at this point build a nice 50x50 building behind my house, and do side jobs, and probably just do Porsche, BMW Mercedes. With my extra time, I would also grow the rental buisness further. I will keep all of my equipment , as I own all of it, and will need it to make some extra side money.
What do you guys think? does this sound like a realistic plan?? The way I figure it, I am 39 years old next week, and I have about 10 good years left to make it, and if I dont, I will be changing brake pads on caravans for the rest of my life
|