Starting and managing a business is not for me. Thoughts?
Hey fellas!
I have been in engaged in deep reflection and being honest with myself as to why I want to buy apartments and multiplexes. I discovered that buying apartments or multiplexes is not a good fit for my personality. The reason is because I don't like to “manage things.” Even if I got a property management company to manage it. I would have to manage them.
Managing causes me a lot of stress and anxiety. Some are very good at managing and others fail at it.
I remember being a teacher years ago and I disliked it because most of the job entailed managing students, attending meetings, grading papers, attending parent-teacher conferences, coaching basketball, managing my time, and managing my classroom.
Teaching was like running a business 24/7. I wasn't an effective classroom manager, however I was a decent teacher. But being a full time teacher/manager was not a good fit for me. The kids loved me, but the stress was enormous. I didn't feel comfortable with it.
After I left teaching in 2011 I felt the weight of a 100lb pack taken off me. I did return to substitute teaching and loved that much better. At the end of the day---my day was done. No grading papers, no coaching, no managing, and no calling parents. There is no managing as a substitute teacher--except for making sure the students stay on task, are behaving etc.(some light managing). I am a good fit for substitute teaching.
So after much reflection........
I would rather “do something” and walk away from it at end of the day. I want to set it and forget it.
Create something and sell it.
Example side jobs include.....driving a limo, acting a role in a movie, substitute teaching a class, performing in a sales role, and creating something and selling it.
Ironically some people are born managers. Some learn managing and enjoy it. I am neither.
About 10 years ago I was offered a sales position for a company and excelled at it and enjoyed it. After 1 year they promoted me to manager. I failed miserably.
This is the same for real estate. In real estate you have to "manage your property" or you will fail. Even if you get a property management company--you have to know what they are doing.
So what are some good properties to invest in that offers ZERO managing? I like making deals. I just don't care for managing them.
I know "as to why" I invest in the stock market.
Thanks folks.