I have to be honest, I am completely enjoying my break from real estate. I miss it though and think about it often (don't tell my wife), but its been good to spend more time w/ my son and working on my personal relationships.
There just doesn't seem to be enough time to do everything.. I don't think I'm a person that is over zealous, I just want a happy life, be able to do outdoor activities everyother weekend, and be a millionaire. That shouldn't be so difficult, right?
I now realize that my successful friends in real estate are sacrificing a lot to become weathly. It occurred to me that about half don't have any kids, which allows them to work harder. I do have one friend that has three kids, and he must not be spending any time with them based on the time he puts in.
In August, I plan to re-evaluate my finances to give me a update in my performance (everyone should do this). I have an excel spread sheet that does the following: 1) breaks down out salaries, and calculates pie charts on how much goes to 401k, taxes, insurances, take home, etc... This is very useful. 2) Income and expense sheet. This is very simple and I used the exact format as one of Kiyosaki's books. From there, I have a few charts that tracks net worth per year, and others.
I have other friends that are getting the burnout big time. They have followed in my foot steps and have rehab most of their properties. The last project has kicked their butts! If you remember, I birddogged a house next to my tri-plex. Its a 1930's house and they have owned it since October. They bought it for 75k and plan to sell it for around 250k-280k? They added two new rooms w/ a new bath, wood floors, succo on the outside, a/c, the whole works! She was the general contractor and they have done a lot of work themselves. They are getting the classic burnout from working with contractors.
We were talking that we need to go to lunch and brain storm ideas on working less and making more!