Why I will Never Work a 9-5 Job Again... and how I started out on my own

I'm never working a 9-5 job again. Some people love their 9-5 jobs, but I am not one of them. Join Ken McElroy and Danille in a discussion about why they're never going back to a full-time job again.
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⏰ Timestamps ⏰:
0:00 Intro
0:59 Why we can't work a 9-5 anymore...
27:24 Darla - Will a stock market crash affect housing?
31:14 PC - Situation where tenants can't pay rent?
36:20 Which REITs do you like?
37:42 Luis - What major is best for real estate?
39:54 Ray - What separates winners from failures in real estate?
47:03 Wahayn - Where do your reserves get held?
46:52 Mr. Right - Mobile home investing?
50:07 Joel - Charging water bills without individual meters?
52:37 DL - Lending without getting taken advantage of?
55:10 ML - Project 40, 60, or 80% occupancy?
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[@BigRyGuy]

“It’s completely on you”. Great quote Ken. We control how much or how little we do. Great point.

[@MuahMan]

I do 9-5, but it's more like 6 to 6 with the 1.5 hour Miami commute each way. It's misery and destroying my family.

[@coreybates7412]

Good luck bud. You got this

[@soulman0000]

You boss told me to comment on your reply :)

[@danilleelise624]

Find a way to make that money using less time!

[@michelleeaton6602]

☹️🙏🏻

[@FLVolkssturm]

I drive a lot for my 9-5 job and listening to you guys is like having a small class in the car. Thank you so much for the knowledge

[@JonnyMReck]

9-5 - “you can check out and you’re done” - not so much these days, always be available or you’ll be considered irrelevant

[@seerguru6896]

After witnessing 2008 and raking in money during that fall. I learned. A good friend agent said I’m the only one he knows who didn’t lose. Well, I’m nowhere near Ken but it’s lonely at the top. I could talk business all day. I always talk my guys ear off 11-12 midnight. I’m the mastermind of the family. . Matter of fact it was vital to not date or even merry a guy who worked 9-5. It doesn’t work. Happy to say 5 am trips to Arizona and properties and freedom of time is absolutely a Blessing. Work the side gigs, so much opportunity for everyone if they’re motivated

[@RobWilliams007]

8 hours - ha! Try 11-14 and commute. Haven’t worked 8 ever. I do get paid well though. But that’s why I’m here.

[@Spry011]

It's all about getting over the job mentality that relies on the myth of job security. The truth is with a job you give up a huge portion of your time in order to make someone else rich and you could lose that job any time. Instead, invest in your own business and make yourself rich!!!

[@dannygrat]

So much knowledge! Thank you!

[@envercito1]

Thank you guys for everything you do. You’re amazing! God bless

[@mrc.4751]

Great video - lots of tips plus advice on the fundamentals. Thank you both!

[@mikecioka1180]

Sorry for your lost brother, and thank you very much for so much knowledge.

[@excelcsllc]

Yes 100% it sucks to work 8 to 5 and I hate it! two of my homes in Florida got damaged from the storm and luckily I had 4 days vacation left and I had to beg my boss for an extra day to stay the full week!

[@PedroRaposo91]

Thank you so much! I'm so grateful for this. Fighting to be free and get my time back. This podcast is a great help!

[@SSB-gq5tu]

Great video as always Ken and Danille thank you for sharing your knowledge, 2022 will be my year I've been out for a surgery for past 9 months and soo excited to get started on my real estate and business journey.

[@donniemi1613]

Took your test. Glad to say I got a perfect score. Nine to five job where do I go and get that? 5 pm to 3-4am this is why in need a change You two Rock thanks keep it up.

[@Arielleoo]

Gold! Thank you!

[@alexcordova7508]

Great information ken, by the way I loved your book the abc of real estate, greetings from Mexico 🇲🇽

[@derrickglover2889]

Always great content!

[@viktorizoita]

Here I am... while working at Boeing (Everett WA) listening to Ken how to get out from 9-5 👍

[@marimcge]

Thank you so much for doing this video!! It is some laziness with me but lack of confidence too. I’ve been sitting on my start up since October 2020! Really ridiculous!!🤦🏿‍♀️

[@danilleelise624]

You can do it. Just make a commitment and keep going.

[@10digitmind33]

Its not all laziness 90% of it is knowledge and information. The more you know about a subject the more confident you will be. Take your name for example, guarantee you can do a whole course confidently on teaching others to spell your name bcuz u know that in and out. Do the same thing with your goals and you will take action first chance you get. Stay blessed.

[@InOrlando]

I love listening to you because you speak about the number one desire in my heart. I want to cover my expenses with my real estate income, so bad! I own two rentals that cash flow close to $2,000 a month. I will cross the $2k next year. This has taken me six years to achieve, however. I don’t necessarily want to stop working, I love what I do. I am lucky that way, I suppose. I want my relationship with my work to no longer be financial.

[@derrickglover2889]

Great Content thank you!

[@ritadepalma888]

Love this!! You guys are freaking awesome!!! Thanks for the education. Thanks for loving what you do and sharing the knowledge because you want to!!! I’m in my way to time and location freedom thanks to you guys and Kiyosaki and bigger pockets , etc!!! You guys have my favorite podcasts and you’re both so pleasant and engaging!!! Love ya!! I’m so grateful!!!! 😘🙏😎

[@septem40]

I agree with a lot of what you say, but business can be really rough too. We have had several. Being a contractor in 2008 was beastly. ;-) We have two LLCs for rental property. This last couple of years haven't been fun. You learn to have a strong stomach and roll with it. That is actually a good thing. My husband was so happy to be out of contracting. He LOVES his job now, has a lot of flexibility, and a lot of time off. His situation is a bit more stable than most. Nothing in life is guaranteed. I LOVE having my own business. I don't like to be told what to do and I am extremely self motivated. I love setting up my own businesses. There's no one size fits all on this.

[@LT-uq6dg]

didn't watch the video yet, just love the title "Why I will never work a 9-5 job again"

[@bsuko1]

Thank you Ken and Danille I love this discussion and the knowledge both of you are chosing to share with all of us. I do have a question about using equity in the home you are living in and how to get it out to invest in more real estate. My house is paid off and want to use that money to build a real estate portfolio.

[@cetriyasArtnComicsChannel]

For the time thing, sometimes its just slow so it would be nice to just take off or work on something else and make up that time during crunch time. So by the end of the year, the hours worked even out and maybe employeers wouldn't have to waste overtime hours.

[@THEGAMINGHELP101]

High paying 9-5 jobs when working for a excellent employer is 8-5. Which very good actually considering you get paid well. An average employer is 7-5 and a trash employer is 6-6 and worse...basically sleep, eat, work, sleep, eat, work, and repeat until you burn out.

[@seerguru6896]

Rent control mobile home park 3-% annual cap, if you do it then try to get tent control and also that it can be tented

[@seerguru6896]

Hey you two

[@shinzoruck7050]

%100 the pandemic has made me a believer. I'm now attempting to figure out side hustles and investing in order to make sure I'm not subject to BS that comes with a W2 job.

[@DanRowe5054504663]

Hello from Albuquerque, New Mexico. I remember studying Buckminster Fuller with Ken and Robert YEARS AGO in Scottsdale. Buckie is like eating crazy pills.

[@tomf9292]

Sold my business of 31 yrs now doing sales part time for the man…NO MORE employee BS, book keeping, permits, etc, etc. great for me. I ain’t 9-5, I do in-home sales so I work maybe 4 -5 hrs a day, 4 days a week.

[@globaldj719]

Perfect! I'm striving for something like that.

[@Ambassadorforchrist10181]

yes that is what I did! I took a vacation to destress and reprogram myself! They are holding my retirement money hostage until I am 59 1/2 :))

[@seerguru6896]

Oh seasoned investors still struggle. These times are crazy. California has 10 year rent control so I’m out for now. Closing escrow tomorrow and going to push myself to find the good stuff. It’s out there if I look often

[@TheBoxerduke]

Any chance you will have an event or grab drink in Louisville around the Derby?

[@personsa8934]

Where do you sell the cheaper courses

[@riccilee5724]

Health, Dental, long/short term disabily, 401k.. etc. Aren't things to sneeze at.. I took a $35K bill from a hospital visit. I paid $2500. Ken also relies heavily on debt wealth.. Be careful..

[@RobWilliams007]

Here’s a question, I think the answer is you can do this but just want clarification from the pros - since you get 27.5 years of depreciation I am assuming that you can do that on any property that you acquire, no matter how old. So what I’m getting at, if you started early in your life, would you 1031 exchange that property, say in year 26 and start the process over with another property?

[@williamjenkins7562]

Owning your own business requires more than forty hours a week and can also prevent you from planning a vacation. I'm saying that owning your own business does not necessarily mean you have financial freedom, it depends on the size and the type of business.

[@jbrandonporter]

Hey Ken, when you're here in May for the Derby can I take you to dinner?

[@seerguru6896]

Ps how’s the golf game Ken ? !!😇☘️

[@x6da9crain]

Well jobs want more and more from you and they pay the same. While the price of everything else still goes up. Pay your debt off then focus on what you want bv its very clear that companies really don't care for you

[@winegeek2949]

"working a 9 - 5 job" is just one thing on the menu... there are many other more yummy choices on the menu too :)

[@norbsj]

I was talking to my brother the other day about 9-5 is a scam once you find out how much you make for a company and how much you make in an hr..McDonald’s minimum wage is about $13-15 about 2 customers that order a Big Mac meal is literally what you make in an hr, just think how much $$ McDonald’s make in an hr in all those orders…

[@JonnyMReck]

9-5 - everything hinges on whether or not your boss likes you

[@KanakaBoy808]

Bottom line is a 9-5 is taking way to much of your time and your just working for everyone but yourself.

[@davywilliams8048]

Beautiful wife. Congrats

[@do-uc6xj]

Danielle is so into you, it's cute.

[@rajah7398]

#Rebelcapitalis