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From High-Tech Stress to Real Estate Freedom!
Episode 849
They were very well employed in the tech industry. She worked at Amazon. He worked at eBay. But they felt their jobs were not just high tech but high stress, to the point of being "soul-crushing." That's when they decided that something had to change, and started investigating real estate and the single-family rental business.
Lily and Shane Yong timed it right, during the housing crisis. They'd buy a home and then turn it into a rental when they upgraded. One thing led to another, including some RealWealth networking, and they were soon investing their money out-of-state. The portfolio they've built has made it possible to get out of the rat race, and "live life on their own terms."
In this episode, they share their Real Wealth Story with both Kathy and Rich Fettke. That includes how they got started in California and expanded elsewhere, how long it took them to be able to quit their jobs, their decision-making process, their first 1031 exchange, and challenges they have faced and overcome.
If you'd like to "live life on your own terms," Join RealWealth today at www.realwealthshow.com. Membership is free, and will give you access to the Investor Portal where you can view sample property pro formas and connect with our network of resources, including experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.
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Go to www.RealWealthShow.com for the full transcript or to listen to past episodes.
TRANSCRIPT
[music]
Rich: You're listening to the Real Wealth Show with Kathy Fettke, the real estate investors' resource.
Kathy: Welcome back to the Real Wealth Show, we're going to do another Real Wealth story with Rich Fettke-
Rich: -and Shane and Lily.
Kathy: Who have been Real Wealth members but they started their journey years ago on their own and have both been able to quit their high-tech jobs that they say were soul-crushing. We're going to find out why and how they've been able to achieve that. Shane and Lilly, thank you so much for being on the Real Wealth Show today.
Shane: Oh, you're welcome. Thank you for inviting us.
Rich: We're excited to hear your story. We know a little bit about it, very inspiring. Going from the tech industry and corporate to being financially independent on your own now, so I can't wait to hear about this.
Kathy: I want to jump in and say, when you're starting out in life, getting a job at a big tech firm, that's a really big deal and people are generally pretty excited. Then that starts to wane and I'm wondering why? Why did it suddenly become more of a soul-crushing experience?
Shane: It depends on the company. Some companies, of course, they treat their employees like they're dispensable. [unintelligible 00:01:20] names here. It can be tough. I started on engineering, but then I moved to management. I had to move up the ladder of management. Over time, I don't know if you have experience in corporate management, it becomes pretty soul-crushing. I remember--
[chuckles]
Rich: Got it.
Kathy: Demanding your heart and soul, but maybe not giving it back.
Shane: I'll give you an anecdote. I w
Published on 4 years, 3 months ago