Commit to Financial Independence – Whatever it Takes

– Do whatever it takes –

I am ready to do whatever it takes to improve my financial situation.

I have been thinking about what changes I need to make. I am thinking about changing jobs and maybe even careers. I am thinking about moving.

I have been considering all of my options. I am not sure what route I will take. What I do know is that I will be making major changes in my life soon.

I am tired of feeling like I am falling behind. I am tired of feeling like a failure. I am tired of drinking and smoking away my anxiety and depression. I am tired of distracting myself instead of improving myself. I am tired of settling and telling myself that it’s okay.

I have never felt more ready to change. What I have been doing has not been working. I finally started to make some progress towards paying my debt but had a large unexpected expense come up and derail all of that progress and then some.

– At my job –

My income from my job keeps going down. My pay plan has been changed and more salesmen have been hired. I have been waiting and holding on for things to improve for me there for years. It has been over 3 years since I received my largest bonus check.

I have tried to remain calm, patient, and positive. I have tried to improve my abilities. I have tried working harder and smarter. I keep telling myself things will return to how they were before.

But they haven’t and I’m really starting to feel like I might never make that kind of money again at my current job. However even at the lowest point it is still the highest paying job I have ever had.

I love my job, I work as an automotive service advisor. I am proud to be a salesmen. I am good at it. I am able to use my background working as a technician to assist me in presenting recommendations and explaining repairs.

Since I used to be an automotive technician I am able to bond easily with the technicians at my dealer and the places I have worked before. I know what it is like to be in their shoes. I feel like the mechanics respect me more.

This is a huge advantage over most service advisors who have a sales background but don’t know how to perform the repairs they are selling. They were never a mechanic themselves.

I think changing dealerships is the route I will probably take. This is trickier than it sounds though because I am paid on commission and without any salary guarantee. This is the expected pay plan for my position.

I am scared to go to another dealer and make even less money. I am in debt already and I have to produce most of the income that supports my family.

I don’t want to make a bad situation worse by going somewhere that I will earn even less than I am earning now.

It’s not like I can walk into another dealership and ask them to guarantee I will earn over $10,000 a month that I need to start improving my financial situation.

I can’t keep waiting for things to improve I need to do something to make them improve.

The other route is an even larger change. My wife and I have been discussing selling our current house and moving north.

If we do this we should be able to sell our house for a lot more than we paid 3 years ago when we bought it.

If we are able to sell the house for a large profit and move to an area where homes are cheaper that would allow us to take some money out and settle all or most of our credit card debt.

This would require changing jobs and moving. Those events are probably some of the most stressful things that I can imagine.

I don’t know what I will do, but I need to do something to turn things around. I can’t keep waiting while things continue to get worse.

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9 thoughts on “Commit to Financial Independence – Whatever it Takes

  1. Pingback: The Journey Begins – Evan's Way

  2. What an honest post, Evan. If I were u I wouldn’t move right now. The US economy is contrary to common belief not doing so well. People look at the stock market and wow – but it is only a handful of stocks barely keeping the average SP500 up. A correction of the size not seen before is coming, this is my belief. Now is the time to prepare for such a financial markets crash.

    When things at my job didn’t go as I wanted, I focused on myself. There has to be positive progress in life. Replace drinking and smoking with running, swimmkng, or tennis. I would go Everyday to the pool and start with 500m swim, next day 600m. After three months I was hooked: I did 3km in the morning and 3km in the evening. Stopped drinking and smoking all throughout. U will save money, and get a high from all the dopamines 😉 much healthier.

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  3. Hi,
    As you are weighing all your options, I would recommend listening to this podcast. http://freakonomics.com/podcast/new-freakonomics-radio-podcast-the-upside-of-quitting/

    It’s given me a new perspective on quitting and how it’s usually very beneficial to quit something instead of sticking with it when you aren’t happy or prosperous doing it. The authors are two economics who podcast about really interesting things and they do a great job talking about the economics of quitting.

    Liked by 1 person

  4. Great post Evan.

    It sounds like you are definitely ready to make a move and I agree with you that you should be careful in the choice that you make. However, I would like to add a third perspective.

    Are there any avenues open to you that would allow you to supplement the income you currently have? Do you have any skills that you can leverage outside of your job? Are there items that you can buy to re-sell and make money?

    There are videos available on line which offer guidance on how you can do this and make it work.
    I do not know if this will work where you are but it may inspire you to come up with your own ideas. I recommend the videos by Gary Vee or Gary Vaynerchuk.

    He offers sound advice that is always practical and motivating. https://youtu.be/WwhP754Cqw0

    There is a lot of advice out there that suggests sometimes you don’t need to quit right away but you need to start doing something that is moving you in the direction you want to go. Once you get that going that you have a lot more room to change and do what you want.

    Hope that helps.

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  5. Marjorie, Kyle, & the Gladiator are offering good advice.

    My advice would be to model your scenario for change plans…(everyone offers advice from their own perspective). If you are considering moving, start evaluating possible destinations, figure out the cost of living there. Just because you own a house now does not mean that you have to buy another house. Consider renting something that is comfortably in your price range, but still provides you with enough space for your family. An additional benefit is that you won’t have to worry about maintenance or repairs on a rental.

    It sounds like you have a good idea of your home’s value. You can possibly find a realtor to give you a BPO (Broker’s Price Opinion). It is not the same as an actual appraisal, but should be within a few thousand dollars. Then calculate how much of your debt you will be able to pay off with the proceeds from selling your property. By paying off a big chunk of debt, you will reduce the amount of interest you are paying on the debt, ultimately saving you money.

    While evaluating these options, look for ways to monetize existing skills. This could be doing auto repair on the weekends for friends & neighbors or anything that you can do and people will pay you money for.

    Another thing to do is to learn new skills for a job change. I would suggest aiming for a job that is something you will enjoy. This will involve some soul-searching to determine the difference between “I could do that” and “I love doing that”. Either way, as I said earlier, ultimately, you want something you can monetize. And if you come across something that can make you money without your active involvement, that is the holy grail.

    Good luck with your endeavors and feel free to reach out, if needed.

    Regards,

    Clint

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  6. Pingback: My Fifth Month Blogging – Evan's Way

  7. Hi Evan,
    Thanks for sharing, you certainly have a lot going on. Sales can be great when you hit your numbers but the slow times can be challenging. I’m sure you don’t need to me to tell you but be careful about making too many changes at once. Too much stress and making big life changing decisions can have a detrimental impact on your FI journey. Let us know what decisions you make but remember the grass is not always greener. Good luck
    LearnToFI.com

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  8. I feel you man. When your one and only life is starting to feel depressing and the restlessness starts creeping in, changes should be made. You sound like a sociable and practical/technical man so the possibilities should be endless and only bound by the imagination. Changes are not that scary and they are usually reversible if things do not work out.

    “Money gives you the power to improve your life, but the greatest power comes from reducing the correlation between money and happiness in your life.”

    One possible route I personally would consider is:
    – Start applying for jobs (any type) for you and your wife in small towns with cheap housing (should preferably have at least one job in the new location before moving..)
    – Start working out and eating healthy. Your body and mind must be tuned in for the changes to come and your new lifestyle. This is key to mastering stressful changes. Try hardcore weight lifting. Try jogging. Try to meditate 5-10 min per day, even though it may seem like mumbo jumbo and a waste of time (there are apps that are helpful, such as mindspace).
    – Buy a cheap cosy house in a small town and try to pay off all credit card debt with the freed up capital. Buy the house close enough to to jobs, schools etc. so that you can sell your car and buy bicycles for all the members of the family.
    – Try to upgrade the jobs as you go along until you find something fulfilling.
    – Reduce spending to an absolute minimum until your finances are in order.
    – Spend time with the kids and maybe take part in community activities to induce meaning in the nihilistic black hole of existence.
    If life still sucks then one might do it all over again, or something completely different.

    And be careful of the trap of thinking that life starts when the changes are done or when I have done this or completed that. Life is now and the change process is actually the goal itself, more than the actual perceived goal of the changes. Good luck!

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    1. Thank you for your advise and kind words. My wife and I are still considering what is the next step for us. Moving sounds very compelling as it seems we should be able to sell our house well above my loan balance, have some money to pay down other debts and establish some savings outside of my ira and still have enough left to put down a larger down payment on our next house. So the net effect would be a lower mortgage balance, possibly lower monthly payments, and being able to eliminate or reduce our other debts. In some areas that we looked we can afford a much newer and nicer home too. All good things. We would just have to be able to find work we enjoy and provides a comparable or higher income at the new location.

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