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Slowlane Lesson Learned and What's Next

DavidK

Contributor
I've Read UNSCRIPTED
Speedway Pass
May 23, 2017
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Hurricane, UT
Hello,

Just wanted to share my limited slowlane experience as a cautionary tale.

Got a Masters degree in Physics and got a job working for a contractor making maps for power companies. Hired at $16 and hour and outworked everyone for 3 years to get to 90K per year plus all sorts of travel benefits. Everything seemed to be going well but then my boss left and a couple big projects fell through. I was moved to another part of the company, stripped of the benefits and salary, and get to start back at square 1. All of this happened over the course of a couple months, so much for that slowlane security! BTW I am the sole supporter of a wife and two kids...

Lessons learned- One must be building something that lasts, I worked 60+ hour weeks for 3 years and have nothing to show for it (except pathetic 401k lol).

Moving Forward- My goals are to be responsible for my own income and have it be uncapped while also creating a wealth vehicle that will exist through time. Obviously a CENTS business is the end goal but I need to generate income now to replace what was lost.

As such, what do you guys think or real estate agent? I have never sold anything but think it a valuable skill moving forward, combine that with uncapped commission and the fact that one has to generate all leads. Seems like a lot of valuable entrepreneurial skills have to be learned while also having the guidance of a tried and true path to lasting wealth.

Lastly, I have read TMF and Unscripted and while they opened my eyes to what produces real wealth, it is hard to change when one is comfortably average as MJ discusses. As such, having this experience is really a blessing and I am thankful that my sedated slowlane existence has been disrupted.

Thanks again MJ for all the value you provide, the books, forum, summit etc. really make a positive difference in the lives of many people.
 

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Maxboost

Silver Contributor
I've Read UNSCRIPTED
Speedway Pass
Apr 4, 2016
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My friend is a functioning retard....he is pulling in 250k/year for the past 5 years as a real estate agent..Most fail because they don't hustle hard enough or they don't manage their money. Its very close to being a pro poker player. Only the 10% make the majority of the sales while the rest fight for scraps.
 

AlessioLC

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jul 19, 2017
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France
If i would need to change my job/field, i would definitly go to sales.
Real Estate or others, R.E is what everything think of, but there's many others (solar panel, etc..)

But if you see an opportunity where you are as an Agent go for it.
 

MJ DeMarco

Administrator
Staff member
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FASTLANE INSIDER
Read Millionaire Fastlane
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Jul 23, 2007
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Fountain Hills, AZ
I think RE is a great field for aspiring entrepreneurs, but it is hard work. You're essentially a project manager and a tour guide. Some agents treat their job as a tour guide and that's it. That's how you be better.

Sorry to hear about your job and how that materialized.
 

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