Part 4 – Be Resilient | Our Roadmap to Quitting Your Day Job.
As renovators, we love to picture what is possible within a space to improve its liveability and profit margin.
We imagine taking that leap out of our jobs and into renovation as a full-time lifestyle opportunity. Making those adjustments to make it all possible takes patience. The urge to take the bull by the horns and get on with it without planning or education is costly.
As we know, anyone can start a renovation, but it can begin to go wrong just as suddenly without planning. Patience and motivation can set new renovators up for ongoing success, especially in the first year.
Image credit for all images from https://www.tystyle.com.au – ‘Mill-Residence, Sunshine Coast'
With many variables to manage initially, it is still possible to profit from renovating, even in the first year.
Will this happen without effort or organisation? No.
Overthinking is another trap that catches people, giving their confidence a shake.
Image credit for all images from https://www.tystyle.com.au – ‘Mill-Residence, Sunshine Coast'
Intelligence is not just about being smart; it can be our thoughts that stall our progress. Cultivating more persistence and pushing through the moments of doubt or unfamiliarity keeps people on the pathway to renovating as a lifestyle.
How much would it take for a person to quit their job? Putting numbers on these intentions makes them more ‘real' to us. Creating a timeline gives us another way to plan and stay motivated.
Within the first year, a motivated person aiming to do 1 – 3 renovations can potentially create a profit between $50k and 250k. The key to making this result happen is being motivated!
How would a $50k profit start to change your life? Would you take more time off? Could you pay off debt? The choices begin to open up lots of possibilities.
Is it possible to make that ‘magic' million within the first year? It may take a level of planning, experience, and more intricate strategies all going smoothly to create this kind of profit in such a short (pressurised!) space of time.
Renovating as a lifestyle is not a get-rich-quick scheme. What you do in haste is often a waste of time and, when renovating, money as well.
By the second year, a motivated person could take on larger projects, some being cosmetic renovations, and earn $250k. You have built up reliable teams of tradespeople by year three, have your finances in order, systems you can rely upon, and do more than one project in that year!
Tony Robbins says; Most people overestimate what they can do in a year and underestimate what they can achieve in a decade. Adjusting our expectations and calibrating our reality to match our experience level will keep us from chasing silver bullets and shiny things.
Persistence, not intelligence, will win all day long. Delaying gratification will not mean you never create a profit; it's about timing, planning, researching, cultivating relationships, and giving yourself the best chance to succeed.
You can listen to our latest podcast episode below:
There will be days that will be difficult, yet over time will become easier. Expanding our view of what is possible sometimes means we remove the blinkers in our thinking.
Remember, nothing you do or experience is a waste of time. Keep going and stick to it, no matter what.
Bit by bit. Brick by brick. Project by project.
This blog is Part 4 of our 8-Part Roadmap to Quitting your Day Job series.
You can read Part 1 here.
You can read Part 2 here.
You can read Part 3 here
This blog was written by the RARE team
Team RARE are passionate about renovations, interiors and
sharing our favourite DIY tips and tricks with our community.
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