Let me explain my situation, its somewhat similar.
I started a RE company in October 07. I had no job and was living off saving I had when I was in the Military. My first house flip netted a grand total of $3500 split two ways. I made money, but it didn't exactly get me anywhere. 2nd flip was similar.
In Feb I started work again after 2 years with no steady job. I decided to get a job for a few reasons. First the bills need to be paid. While I kept them minimal, I still had bills. 2nd, the job gave me a steady income. That steady income was needed to begin my plan. Notice I said my plan. Others may be able to do without that steady income.
The steady income has allowed me to buy a house. With the built in equity, I effectively doubled my net worth. I will use that equity to work on the next phase of my plan.
The downside is lost time. I lose 40 hours of work time plus 20+ more hours in work related time per week. I use that as motivation to increase my passive income to the point where I can quit that job.
The job is merely a stepping stone. A tool. When I no longer need that tool, it will be put away.
Hope that gives a real life example that you can weigh your options against.
I started a RE company in October 07. I had no job and was living off saving I had when I was in the Military. My first house flip netted a grand total of $3500 split two ways. I made money, but it didn't exactly get me anywhere. 2nd flip was similar.
In Feb I started work again after 2 years with no steady job. I decided to get a job for a few reasons. First the bills need to be paid. While I kept them minimal, I still had bills. 2nd, the job gave me a steady income. That steady income was needed to begin my plan. Notice I said my plan. Others may be able to do without that steady income.
The steady income has allowed me to buy a house. With the built in equity, I effectively doubled my net worth. I will use that equity to work on the next phase of my plan.
The downside is lost time. I lose 40 hours of work time plus 20+ more hours in work related time per week. I use that as motivation to increase my passive income to the point where I can quit that job.
The job is merely a stepping stone. A tool. When I no longer need that tool, it will be put away.
Hope that gives a real life example that you can weigh your options against.