Hey, fellow eaglepreneurs! I was hoping to get your opinion on something. I've been in the banking industry for eight years, and I am ready for a change. I crave flexibility and the work/family balance, and I want to be in control of how much I make (preferably a lot more than I'm making now). I've developed a relationship with a mortgage consultant at the company I work for, and Monday, he scheduled a meeting with his boss and myself to discuss a position they would like to consider me for, a Junior Mortgage Consultant. I would be paid a base salary plus commissions, and we would be a team of two consultants working together on our portfolio. I have also been drawn to real estate for years. Eventually I'd like to become a real estate investor, but that's not for a long time. I've considered getting my real estate license and selling real estate, and I believe that I would be very successful at that as well. My heart is telling me real estate, but my head is telling me mortgage. In mortgage, I'd have a boss...several bosses actually, long hours, nights, weekends, etc. Whereas in real estate, I would have a different setting everyday. Of course I would work nights and weekends, but I would have the option of working things around my schedule. If anyone out there has any insight I would love to hear it! Maybe I need to be put in my place, but I don't want to make the wrong decision.
I see you're in Florida, so from Florida girl to Florida girl, follow your heart.
Here's my take:
First and foremost, if you have a faith, check in with your spirit first. God always guides if we'll listen.
Second, you just don't know unless you step out and find out. I can totally relate to the idea of fearing making the wrong decision, but the bottom line is that we don't know if it was wrong until we make it. If you've got peace about it, if the opportunity is ripe, go for it. If it doesn't work out, it's not failure, it's experience. You can only get closer to know what you want when you know what you don't want. You feel me? (I'm talking from experience by the way).
Third, I used to be an attorney and I worked in Real Estate and Corporate law. I was also a Real Estate agent. I know all too well the world you're describing. The bottom line is that all work worth doing is going to require commitment. Clearly the idea of real estate appeals to you more, so you're wearing rose-colored glasses at the moment. But once you get in the trenches it's going to be work like anything else. The question is, will it be worth it to you?
The thing about pursing what your passionate about in your work life is not that it's no longer work, it's just easier to commit to because it has meaning to you. I think we make mistakes when we put off what we want for now for later. If there aren't any pressing responsibilities (like major financial obligations, or familial responsibilities) on the line for taking a calculated risk - take it now. I'll do it when, can easily lead to, I never did. That is really important to consider.
Good luck with your decision. I hope it all works out in your favor. GO GATORS!
Thanks, Marlee. I really appreciate your insight. I will continue praying and asking God for guidance. The truth is, I have to be happy and love what I do, and at this point, I am miserable. I will probably get my real estate license while working and take the leap of faith. It's scary but so exciting at the same time, and I know that no one can make this decision for me, but it sure helps to hear some opinions. Thanks again! And GO GATORS!!!
You're welcome, Melissa. Go for it!
I have to agree with the other posters, go with your heart. Your 8 years of experience in the banking industry has qualified you to be a mortgage consultant. That fact won't change in the next few years. It's like Dave Ramsey says about getting out of debt. If you're debt free and miss the monthly payments you can always go get another loan. Likewise, if you try real estate for a couple of years and it doesn't work out you can always get back into banking; however, if don't give it a try you'll never know.
Hope this helps,
Thank you all so much for your responses. It's really been weighing heavy on my heart. I spoke with my district manager about the home mortgage consultant position, and her response was that I "am not excelling enough in my current position to move to another line of business". Her turnover rate is ridiculous right now, and she is in the hot seat. Did I mention that I'm the number one banker in our market? I've referred 35 mortgages in a month and a half, but somehow that's not good enough. I need to take control of my future and stop being held back by those that don't believe in me or are just keeping me in my current role to make them more money! Sorry I got off on a soapbox, but it feels good to know that I've got a support system here! I'm going to pursue my license while in my current position, interview a few brokers, and make the transition. It's scary but will be so rewarding when I'm killin' it!