In the beginning, I promised to walk you through these past 2- 3 years. When we found out that parenthood would come later than we thought, we quickly put a plan in place to invest in ourselves, our future and our children's future. Here are more steps that got us there.
As our June 3rd due date nears, I am feeling more pressure to get things off the ground. This morning Jeff and I had to spend two unexpected hours dealing with issues and contracts for the real estate rental properties that we bought last year. As a couple, it was easier than to doing it on my own. If you feel the urge to leap into being an entrepreneur, it is comforting to do it along side a friend, family member or spouse. We know when we talk business that we must keep our eyes set on the long term goals: passing on wealth to our biological child (Sophia) and our adopted daughter (Mei Li). Without that goal in mind, I think it would have been tempting to throw in the towel a long time ago.
I mentioned a few days back that we read a lot and attended many seminars. After about 6 months to a year, we bought our first 2 investment properties. Nothing can totally prepare you for bad tenants or broken furnaces, but I must say, the time we took reading and learning from a coach prepared us for a lot. The houses cover themselves, but the cash flow is lower than we wanted. Therefore, our next step in real estate is to get these two properties performing financially before we invest in another.
Simultaneously, we are focusing a lot of energy into the eBay store Little Baby Headquarters. We completely realize how hard retail is, but we have a plan that will hopefully get us going faster than expected. First we chose a niche. The store provides services and products to assist families through pregnancy up through having a toddler the age of five. Second, we hope to stock our store with well-rated items for safety, ease of use and price. Now a days, it's expensive to buy unexpected items and we wish to build a store where people can come and find new, reasonably priced items that carry a respected name in the industry.
Yes, life is busy, but we hope to be up and running better before baby comes. I'd rather be frazzled now than later.
So many moms these days are double tasking, even before baby's arrival. How do you all do it?
If you have tips about preparing for a child while working, please feel free to share.
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