Which is your exit?

By
Real Estate Agent with Realty One Group # S.0190863

As Stephen Covey once wrote, “Begin with the end in mind” and yet, how many for get just that? How many forget to create an exit strategy?

 

After all, life is more than making money. And no, I don’t mean “there’s spending it too”. There are experiences the world has to offer. Family. Friends. Charities that are dear to your heart.

 

Have you pondered what your exit strategy is? Are you looking for investments to create a passive income of $100,000 per year? $%00,000? $1,000,000?

 

Are you looking to create a perpetual trust to benefit one aspect of the world?  Do you want to retire and move to be within a couple miles of the grandkids? What is your end game?

 

And what is your exit strategy?

 

By the way, if you hadn’t thought much about investment vehicles, I happen to believe that real estate is a great one to look at.

Comments (34)

Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Nina! I ince saw an exit strategy that showed my dad wanted to retire in the 1980s. He actually retired over 20 years later than that. Working was too much fun for him.

Mar 27, 2021 08:00 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Charles. May you never become listless. Have a great day!

Mar 27, 2021 08:01 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Kat! Yes you are vibrantly between the two points.

Mar 27, 2021 08:02 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Sheila. Someone once told mme for every 40 homes you sell, you should buy 1. That was how they created their huge passive income.

Mar 27, 2021 08:03 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Rocky, I know I should have a exit plan but not in my cards.  My parents sold their restaurant and ran of things to do and people to see and both past away shortly later.  

Mar 27, 2021 08:51 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Sadly, many real estate agents do not fully prepare themselves for retirement.

 

Mar 27, 2021 09:21 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Rocky- Many were not taught in school or via their parents to have an exit strategy in mind. When we're young, our focus is school, then get a good job. Very few think about what happens after retirement. 

Mar 27, 2021 12:56 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there ill! Well I could always suggest an exit plan that includes traveling the country so you can visit the AR friends that love you!

Mar 27, 2021 01:24 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Roy. Isn't that the cold hard truth, sad to say

Mar 27, 2021 01:24 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Kathy! And many forget to plan just how they can retire

Mar 27, 2021 01:25 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Rocky I am approaching the end of my exit strategy, but there have been a few curves in the road along the way.

Mar 27, 2021 04:00 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey George hope to hear how your exit strategy allows you to keep the best of the good times

Mar 27, 2021 04:05 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I guess we all fall into this category but I find that I have to live in learn with all of it and see where it takes me thoughts to, you know

Mar 27, 2021 06:08 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morninng Rocky.

No exit stragty for me, I'm in it until the end. I'm building a saving account for the boss when I leave this life.  She'll be well taken care of

Mar 28, 2021 02:59 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Rocky, although I cannot see myself actually "retiring", I do want to slow down, and that is why I brought on an agent, that will eventually take over my client base.

Mar 28, 2021 07:23 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Laura! Hopefully we all plan for the life we desire and the means to achieve that comfort

Mar 28, 2021 07:52 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning James! Well wth the agents that you mentor, hopefully you help them take care of their bosses too

Mar 28, 2021 07:53 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Joan! I just spoke to an egents that is doing just that as well. Having the business work for him while he is off playing

Mar 28, 2021 07:54 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Rocky:

Having an exit strategy certainly makes sense. Guess I need to give it some more thought than I have although I am not planning on an exit for some time.

Jeff

Mar 31, 2021 05:34 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

To be able to have real estate pay you while you relax can be a great exit

Apr 01, 2021 06:02 AM