The last 2 weeks where rough on my ego and my dignity.
My plan of flipping houses with investors money wasn’t working as fast as I had hoped.
I needed a plan B.
Personal Finance
I got stressed real quick in the last two weeks. So much so, I started to be depressed and wondering what I was doing or what I was going to do.
I was running out of money for day to day living.
I maxed out my credit line. 3 out of 5 credit cards are maxed out. I started using my 4th card.
Although I applied for my Employment Insurance, I still haven’t’ received any income, as I am on waiting period.
I’m at the stage of picking a few bills I should skip this month.
Which brings me to my payment with BlackCard. With all the bills coming in, I’m undecided about my decision of paying 40K for the 9 month online program BlackcardU offer.
I’ve been a student of BlackcardU for 3 months already, and still no sign of getting close to a closing a deal for my first flip.
I still learned a lot of things that I don’t think I would hot have learned by myself. However I do have a pretty nasty addition to my monthly bills.
I haven’t given up!
I payed too much to quit. I’ve came to far to just stop looking for finances on my company of flipping houses. I have too much of a positive mindset to just walk away.
Or did I?
Overthinking
In the last two weeks, I started going through all the conversation with any potential investors I had in the last 3 months.
Where did I go wrong with my opening speech? How could I have convinced those who believe Real Estate is crashing, that it isn’t? How could I have sold myself into my first deal? What could I have said differently?
The worst part of all these questions is I was not able to get answers to them and it was eating me alive. I needed a plan B.
I started going in circles. not just mentally, but physically.
I started having a hard time getting up, doing my bed, showering, cleaning the house, cooking.
It didn’t take me long to know what was going on with me. After a few days of this behavior, I knew I was falling in either a brunout or depression. I needed to get back on my feet! Not just for my sakes, but for my daughter’s sakes! ASAP.
Plan B
To my discuss, I need to jump to Plan B; I need to get a job.
I had quit my previous job, cause I wanted out of the rat race, do what I love, and become an entrepreneur. I had strong believes I can do this flipping houses business, be successful and make the same yearly income as I did in my previous job.
I still believe I can, but need to take it on another route.
I refuse to believe I failed, and will not allow anyone to tell me that I have failed.
I just need to find a different route.
I try to tell myself getting a job isn’t all bad. But it is very hard on my ego.
Getting back to work will allow me to pay my bills, save up for 5% that Credit Union required to allow me to flip houses as per our phone calls a few weeks ago. And finally allowing me to get my first deal going.
Worst case scenario, it will take me at least 2 maybe 3 years before I clear out my debts, and is capable of saving my own money to make these flips.
That will feel like a life time!
Supporting plan B
First thing’s first. my mental state.
I needed to get the questions out of my head. Besides, they are no answers to them at the moment. I will have time to try again and figure out answers as opportunity comes. Opportunities will come again.
I needed to be and feel productive again to get out of my burnout/depression.
My daughter is 12, her room’s still purple and pink in color. Being a gamer since Covid, (along with all the other kids her age) her room needed a make over.
My boyfriend and I decided to go to Ikea in Halifax, and make it a overnight stay.
And that was exactly what I needed, a getaway.
The following week, I kept busy and productive by painting and changing my daughter’s room into a gamer’s room.
My daughter, and my ego, where very happy of the results!
Know that my brain was somewhat back on track, I can proceed with plan B. I could start by looking and applying for jobs.