{"id":87872,"date":"2019-12-01T09:00:34","date_gmt":"2019-12-01T16:00:34","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=87872"},"modified":"2023-04-02T06:43:30","modified_gmt":"2023-04-02T12:43:30","slug":"dont-quit-your-day-job","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/dont-quit-your-day-job","title":{"rendered":"Opinion: Quitting Your Job &#038; Living on Passive Income ISN&#8217;T Necessary for Financial Success"},"content":{"rendered":"<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC2788404409&#038;light=true\" width=\"100%\"><\/iframe><br \/>\n<span style=\"font-weight: 400;\">A while back, I received an email from Robert Kiyosaki, author of <em><a href=\"https:\/\/amzn.to\/2XUQPEs\" target=\"_blank\" rel=\"noopener noreferrer\">Rich Dad Poor Dad<\/a><\/em>. Actually, the email was from RichDad.com\u2014they just made it look like it was from the famous author for effect. It must work, because I opened the email. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Their purpose in life seems to be trundling out \u201ctruisms\u201d from Kiyosaki&#8217;s books. One of them, along with some articles I\u2019ve read right here on BiggerPockets, sparked a desire to push back on a point of view that has become pervasive. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The email opened like this:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cIf you\u2019re working a 9-5 job (even one you like), I have a question&#8230;WHY?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cYou wake up every morning and go to work for someone else\u2019s success. Is that really what you wake up for every day? To make someone else\u2019s dreams come true?\u201d<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">What I am about to say is borderline heresy on BiggerPockets. I might find myself tied to the digital stake and virtually burned for my beliefs. But here goes:<\/span><\/p>\n<blockquote>\n<p style=\"text-align: left;\"><span style=\"font-weight: 400;\">It is <\/span><i><span style=\"font-weight: 400;\">not<\/span><\/i><span style=\"font-weight: 400;\"> a moral imperative that you quit your job in order to become financially successful.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">As is so often the case, people\u00a0conflate a set of principles with moral absolutes. In this article, I\u2019ll take a look at those principles and how they can be applied without necessarily quitting your job. But first, for the benefit of the self-employed-or-bust crowd, let\u2019s take a look at why someone might not want to quit their job.<\/span><\/p>\n<h2>4 Reasons\u00a0Someone Might Not Want to Quit Their Job<\/h2>\n<h3>1. Money<\/h3>\n<p><span style=\"font-weight: 400;\">I\u2019ll start with what many assume is the only reason someone would have a job in the first place: money. If you currently have a job, then you have a source of income. There are risks associated with being an employee. But for now, at least, you have a stream of money coming in. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Robert Kiyosaki will tell you that \u201ca job is a short-term solution to a long-term problem.\u201d <a href=\"\/renewsblog\/money-matters\/\" target=\"_blank\" rel=\"noopener noreferrer\">And I will agree with him<\/a>.\u00a0It&#8217;s true that you can&#8217;t stop\u00a0running on the job treadmill if you want to keep the money flowing. But it IS a solution for you currently. Let\u2019s not throw anything away\u00a0just yet.<\/span><\/p>\n<h3>2. Specialized Skills<\/h3>\n<p><span style=\"font-weight: 400;\">If you have a specialized skill that required many years of education and experience to acquire, you are quite likely an expert in that field and it takes up most of your time. You have a passion for your field and you are contributing to the economy and to civilization. It does not always make sense to throw this all away in order to start your own business. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It may even be that there are few places to practice your expertise, such as specific government departments or niche companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Perhaps you are a scientist researching a cure for a disease or an expert on redundant embedded software systems for nuclear power generation. An engineer focused on propulsion systems for spacecraft. A\u00a0military naval officer. You get the idea. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">I\u2019m not saying that you <\/span><i><span style=\"font-weight: 400;\">can\u2019t<\/span><\/i><span style=\"font-weight: 400;\"> turn these careers into businesses in their own right. I\u2019m just saying that the world needs your expertise, and it may be that the existing systems are adequate channels for you to bring your education, training, experience, and expertise to market for the benefit of society.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-84371 size-full\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/02\/landlord-lessons.jpg\" alt=\"landlord-lessons\" width=\"702\" height=\"336\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/02\/landlord-lessons.jpg 702w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/02\/landlord-lessons-300x144.jpg 300w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/p>\n<h3>3. High-Tech Industry<\/h3>\n<p><span style=\"font-weight: 400;\">There are many industries that require a great deal of time, capital, teams of specialized experts, and a list of paying customers just to get up and running. It may not make sense for you to start a new company from scratch. Elon Musk started SpaceX. But unless you currently have the kind of capital backing that he has, it may be difficult to put your expertise in spacecraft propulsion to good use in a startup.<\/span><\/p>\n<h3>4. Doing Great Work That You Love<\/h3>\n<p><span style=\"font-weight: 400;\">Maybe it&#8217;s simpler than that. Maybe you&#8217;re just doing great work that you love.<\/span><\/p>\n<p><em><strong>Related:<\/strong> <a href=\"\/renewsblog\/renting-over-owning\" target=\"_blank\" rel=\"noopener noreferrer\">Forget the American Dream\u2014Renting, Not Homeownership, is the Path to Financial Freedom<\/a><\/em><\/p>\n<p>According to Stephen Covey, author of <em><a href=\"https:\/\/amzn.to\/2QVGYgf\" target=\"_blank\" rel=\"noopener noreferrer\">The 7 Habits of Highly Effective People<\/a><img loading=\"lazy\" decoding=\"async\" style=\"border: none !important; margin: 0px !important;\" src=\"\/\/ir-na.amazon-adsystem.com\/e\/ir?t=biggerpocke0a-20&amp;l=am2&amp;o=1&amp;a=1451639619\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" title=\"\"><\/em>, when your talent, passion, and conscience overlap with a need, you discover your voice. In his follow-up book, <em><a href=\"https:\/\/amzn.to\/2DmxUJB\" target=\"_blank\" rel=\"noopener noreferrer\">The 8th Habit: From Effectiveness to Greatness<\/a><img loading=\"lazy\" decoding=\"async\" style=\"border: none !important; margin: 0px !important;\" src=\"\/\/ir-na.amazon-adsystem.com\/e\/ir?t=biggerpocke0a-20&amp;l=am2&amp;o=1&amp;a=0743287932\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" title=\"\"><\/em>, Covey describes how this confluence of factors\u2014your voice\u2014creates your \u201cunique personal significance.\u201d<\/p>\n<p><span style=\"font-weight: 400;\">Did you see it?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It says nothing of being self-employed.<\/span><\/p>\n<h2>Entrepreneurial Skills<\/h2>\n<p><span style=\"font-weight: 400;\">Does the best use of your voice\u00a0consist of creating a new business in your field of expertise? Does it make sense to throw away your education\u00a0and hard-won experience to start a new, unrelated business? <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It might. But it isn&#8217;t necessary.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t get me wrong. If this is what you <\/span><i><span style=\"font-weight: 400;\">want<\/span><\/i><span style=\"font-weight: 400;\"> to do, then go for it! If you see an opportunity to really add value, then don\u2019t be afraid to let the world hear your voice!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the skills required to start and successfully operate a business are probably quite different from the skills that you have acquired so far. What I want to combat is the idea that anyone who has a day job is somehow inferior and doomed to a life of financial mediocrity. It doesn&#8217;t have to be that way!<\/span><\/p>\n<h2>The Facts<\/h2>\n<p>If this is you, then you are the educated middle class. You are probably an employee. And that means that no matter how expert you are or how much you get paid, you are trading your time for money. You need to understand this: Someone else is making a profit from your efforts. This is fine for now. Just understand it. Someone started that company that you work for, and someone is reaping the reward.<\/p>\n<p>According to authors Thomas Stanley and William Danko in their book <em><a href=\"https:\/\/amzn.to\/34teKxx\" target=\"_blank\" rel=\"noopener noreferrer\">The Millionaire Next Door<\/a><img loading=\"lazy\" decoding=\"async\" style=\"border: none !important; margin: 0px !important;\" src=\"\/\/ir-na.amazon-adsystem.com\/e\/ir?t=biggerpocke0a-20&amp;l=am2&amp;o=1&amp;a=1589795474\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" title=\"\"><\/em>, there is a high correlation between self-employment and wealth:<\/p>\n<blockquote><p>&#8220;Interestingly, self-employed people make up less than 20 percent of the workers in America but account for two-thirds of the millionaires.&#8221;<\/p><\/blockquote>\n<p>This is the reason that so many personal finance gurus advocate starting your own business. But financial success\u00a0doesn&#8217;t have to be mutually exclusive with having a career as an employee. It is important to understand the skills and disciplines that successful self-employed individuals apply in order to achieve financial success.<\/p>\n<h2>How People Make Money<\/h2>\n<p><span style=\"font-weight: 400;\">It is instructive to understand the four ways of earning money that Kiyosaki describes in his book <a href=\"https:\/\/amzn.to\/35DBURU\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad\u2019s Cashflow Quadrant<\/em><em><img loading=\"lazy\" decoding=\"async\" style=\"border: none !important; margin: 0px !important;\" src=\"\/\/ir-na.amazon-adsystem.com\/e\/ir?t=biggerpocke0a-20&amp;l=am2&amp;o=1&amp;a=1612680054\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" title=\"\"><\/em><\/a>. These are completely independent of your field of expertise or industry; they have to do with how you get paid. Specifically, the Cashflow Quadrant identifies four ways to make money:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As an employee<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As a self-employed professional or small business owner (in which you need to be present for the business to function properly)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As a business owner (in which employees run the business on your behalf)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">As an investor<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Employees and self-employed professionals or small business owners effectively trade time for money. You can think of this as \u201cactive income\u201d\u2014if you work, you get paid, but if you don\u2019t work, then you don\u2019t get paid. Active income is a key component of the \u201crat race,&#8221; i.e. you must keep working in order to make money. This is the approach that is much maligned here on BiggerPockets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, business owners and investors are able to generate passive income\u2014that is, income that is not tied to their ability to physically perform the work. Generally, some amount of management is required to keep your income flowing with these approaches (e.g., reviewing your stock portfolio, finding and renovating a property before renting it out, etc.). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the amount of income that you can ultimately earn is not tied to the amount of time that you can work. This is the holy grail for most personal finance junkies and BiggerPockets enthusiasts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But advice is not one-size-fits-all. If you truly do love your job and you are good at it or are providing value to the economy and civilization, why should you suddenly feel that this is no longer acceptable?<\/span><\/p>\n<h2>4 Personal Finance Principles to Live by<\/h2>\n<p><span style=\"font-weight: 400;\">Studying personal finance has taught me many principles. However, foremost among these are the following:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><em><strong>Personal responsibility:<\/strong><\/em> Take charge of your own financial future.<\/span><\/li>\n<li style=\"font-weight: 400;\"><em><strong>Buy assets:<\/strong><\/em>\u00a0Wealth is built through assets that tend to appreciate in value.<\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><em><strong>Passive income:<\/strong> <\/em>Decouple time and income.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><em><strong>Risk:<\/strong><\/em> Being an employee comes with the risk of one income stream.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The lessons of personal finance are about awareness and taking action. It does not automatically follow that I should quit my job as a computer engineer designing high-tech gear and working with a fantastic team in a dynamic and challenging industry. What I do need to do is to be aware of how I earn my money and the risk that poses to my family and my future. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">I have one customer\u2014my employer\u2014and that represents a risk. There are many ways to mitigate this risk; starting my own software business is only one way to attempt to do that. It is a valid way. But it might not be for everyone. As it turns out, I have a passion for developing products in my current role and have no passion for starting my own software business. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You know what I do have passion for? Real estate investment. It turns out that investing in real estate satisfies all of these principles. And I didn&#8217;t need to quit my job. The reality is, if I was financially independent tomorrow, I would continue working in my industry as long as I continue to feel\u00a0challenged and rewarded.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-83786 size-full\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/real-life-experience.jpg\" alt=\"\" width=\"702\" height=\"336\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/real-life-experience.jpg 702w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/real-life-experience-300x144.jpg 300w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/p>\n<p><em><strong>Related:<\/strong> <a href=\"\/renewsblog\/use-leverage-wisely\" target=\"_blank\" rel=\"noopener noreferrer\">Dave Ramsey is Wrong: You DON\u2019T Need to Be Debt-Free to Hit Financial Freedom<\/a><\/em><\/p>\n<h2>Take Action<\/h2>\n<p>After reading several personal finance books, including <em>Rich Dad Poor Dad<\/em>, <em>Rich Dad\u2019s Cashflow Quadrant<\/em>, <em>The Millionaire Next Door<\/em>, <em><a href=\"https:\/\/amzn.to\/35DBXNA\" target=\"_blank\" rel=\"noopener noreferrer\">The 4-Hour Workweek<\/a><\/em>, and other similar titles, I felt awful about being an employee. It seemed like I had failed myself and my family. I was embarrassed.<\/p>\n<p>But I decided to take action anyway.<\/p>\n<p><span style=\"font-weight: 400;\">I implemented\u00a0a household budget, eliminated consumer debt other than our home mortgage, established an emergency fund, and set up various forms of insurance. This is an ongoing discipline, but it creates a financial buffer and a psychological boost to know you are starting to do things right with money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I also set up a financial plan. Contributing to standard retirement plans to take advantage of employer and government contributions forms a &#8220;plan B&#8221; for retirement. Investing in real estate is \u201cplan A\u201d for achieving financial independence. I am\u00a0now considering additional side hustle opportunities in order to create additional streams of passive income.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the last several years, I have read more than 70 books on personal finance and self-development and continue to delve deeper into the topic. With each new nugget of knowledge, I review my existing plan and consider how it might improve my results. I also review progress. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While we have not yet reached our initial goal of financial independence, I can project into the future and see that we are likely to achieve and exceed that goal. As a result, I revise and set a new goal which we are currently not on track to achieve. This forces me to consider how I can achieve the new goal and a whole new plan develops. But I build this new plan on the success of the previous plan.<\/span><\/p>\n<h2>7\u00a0Steps You Can Take NOW for Better Finances<\/h2>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Understand that you are valuable regardless of which\u00a0kind of income you earn.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Recognize the risks and benefits of each kind of income. I recommend <em>Rich Dad\u2019s Cashflow Quadrant<\/em> to study each kind of income\u00a0in detail.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Take steps to mitigate your current risks. If you are an employee, I strongly recommend<em> The Total Money Makeover<img loading=\"lazy\" decoding=\"async\" style=\"border: none !important; margin: 0px !important;\" src=\"\/\/ir-na.amazon-adsystem.com\/e\/ir?t=biggerpocke0a-20&amp;l=am2&amp;o=1&amp;a=1595555277\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" title=\"\"><\/em> by Dave Ramsey. Learning to live on a budget, pay off consumer debt, and create an emergency fund will put a buffer between you and those risks.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Pay yourself first to ensure that you are setting aside 10-15% of your income for investment. George S. Clason\u2019s classic <em>The Richest Man in Babylon<\/em><img loading=\"lazy\" decoding=\"async\" style=\"border: none !important; margin: 0px !important;\" src=\"\/\/ir-na.amazon-adsystem.com\/e\/ir?t=biggerpocke0a-20&amp;l=am2&amp;o=1&amp;a=0451205367\" alt=\"\" width=\"1\" height=\"1\" border=\"0\" title=\"\"> covers this principle and others.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Invest. There are three primary classes of investment for the masses: paper assets such as stocks and bonds, real estate, and owning your own business. Learn a bit about each one, and decide what interests you. Then learn some more about it. But don\u2019t wait too long\u2014you don\u2019t move forward until you take the plunge and invest. This is how people build wealth. It is not rocket science. It is achieved through investment and time.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Consider whether you might like to start your own business. You don\u2019t have to quit your day job. But starting a side hustle, whether it is related to your day job or not, could lead to streams of passive income that are not tied to the number of hours that you work. If your current job is a dead-end and you are not passionate about it, then absolutely consider how you can improve this situation; one option is most assuredly starting your own business.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Research, review, and revise. Keep reading. Keep learning new things. Take a look at your own situation and what you have accomplished. And revise your plan.<\/span><\/li>\n<\/ol>\n<h2>Conclusion<\/h2>\n<p><span style=\"font-weight: 400;\">As soon as I started down the path of claiming my own financial future, my whole view of my job changed. I got a bounce in my step. Wearing company branded gear and parking in the company parking lot no longer bothered me. I didn&#8217;t care that I was working for someone else\u2019s profit, because I was also working for my own profit. I was applying my knowledge, skills, and experience to great projects and enjoying the ride. The difference was that I was now building my own future on the side\u2014away from work. My job became the fuel for my investment dreams.<\/span><\/p>\n<p>I also recognized that there were risks associated with being an employee, and I took steps to mitigate them.<\/p>\n<p>One of the first things that benefited from my new understanding of personal finance was that I became better at my job. Strange, right? But taking ownership in one area affects all of the aspects of your life. This lead to a promotion and even better assignments. I went from liking my job to becoming truly passionate about what my team is working on.<\/p>\n<p>Now, each day is another step toward financial freedom.<\/p>\n<p><a href=\"https:\/\/www.biggerpockets.com\/moneyshow\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-114405\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/08\/money-podcast-ad-v2.jpg\" alt=\"\" width=\"706\" height=\"125\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/08\/money-podcast-ad-v2.jpg 706w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/08\/money-podcast-ad-v2-300x53.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/08\/money-podcast-ad-v2-702x125.jpg 702w\" sizes=\"auto, (max-width: 706px) 100vw, 706px\" \/><\/a><\/p>\n<p><em>Is your end goal to quit your 9-5 jobs? Or does financial freedom look a little different to you?<\/em><\/p>\n<p><strong>Leave your comments\u2014agreements OR disagreements\u2014below!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I may find myself tied to the digital stake and virtually burned. But here goes: It is NOT imperative that you quit your job to become financially successful.<\/p>\n","protected":false},"author":72500,"featured_media":119536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5182,7119],"tags":[],"class_list":["post-87872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance","category-biggerpockets-daily"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/87872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/72500"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=87872"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/87872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119536"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=87872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=87872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=87872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}