It’s Time To Take a Vacation (if you’re self employed)

I totally get it… every minute you don’t spend on your business is wasted money…

…wasted opportunity.

Wasted growth.

That’s why entrepreneurs tend to work longer, harder, and more passionately.

I’m the same way. After I achieved financial independence I become truly free to pursue my passions.

and it turned out my passion is working more.

face…palm

So, finally, after 2 years I have taken a real vacation again…and here is what I learned

Being Self Employed is Tougher Than Being Employed

When you are employed it’s all pretty straightforward. You show up, you get a check.

Sure, the job might be tough, draining, etc. But, it’s all pretty simple.

For the self-employed, your paycheck is tied to your performance (it’s similarly true for commission only sales people). If you don’t perform you won’t get paid. It doesn’t matter if you show up – if you don’t perform you won’t get paid.

But, it leads to the thought that you need to perform constantly. Every second of every day is an opportunity to make money.

So, you are more driven and push harder because you know with just a little more effort you can have enough to take that vacation, buy that car, or pay for that semester of college for your kid…

Your Business Can Wait

Taking some personal time is important. Some studies show that some people may have as much as a 30% increased risk of heart disease by skipping vacations.

So, what holds us back from taking vacations? The feeling that if we stop for a second, our business won’t grow.

Instead, you need to realize that your business can and will wait.

Your Business Probably Doesn’t Need You (as much as you think)

It’s kind of like having kids. You leave them with someone and in your head, the house is falling apart, kids are running around naked, the kitchen is on fire, the babysitter is tearing their hair out.

When you get home, the kids are quietly hanging out, the babysitter is totally chill and relaxed, and the house is clean.

The biggest thing that holds me back from going vacation is the nagging feeling that everything will collapse the second I leave.

As a real estate investor, it’s hard not to believe that:

  • Every tenant will immediately stop paying the rent.
  • Every unit will catch on fire, flood, or have burst pipes (or all 3).
  • All projects will grind to a halt.
  • All contractors will start stealing.
  • I’ll lose everything instantly.

But, every time I get back from vacation:

  • All the rent was collected.
  • No fires, floods, or burst pipes.
  • All projects are on schedule.
  • Contractors are just as honest.
  • I didn’t lose anything, in fact, I earned money while being away.

Every time I finish a vacation, I realize that my business didn’t really need me there. I just felt like it needed me.

Life Is Short, Family is Important

The most important thing is family, especially children.

Traveling helps broaden their world and help them to grow and develop into better people.

Plus, you only have so many years on this earth.

Life is short, your business can survive, and your health and children’s development depend on it.

So, go book your vacation now.

By | 2018-04-07T18:00:27+00:00 April 11th, 2018|Categories: Financial Independence|2 Comments

About the Author:

An investor that reached financial independence at the age of 30, Eric has been seen on Forbes, Trulia, WiseBread, TheStreet, and other financial publications.

2 Comments

  1. Michael @ Financially Alert April 11, 2018 at 3:11 am - Reply

    Love it, Eric! Vacation is super important to balance out the life of an entrepreneur.

    How was your trip to China? I bet you had some amazing food while you were there.
    Michael @ Financially Alert recently posted…Your Money or Your Life: Chapter 7 Review – Work and IncomeMy Profile

    • Eric Bowlin April 11, 2018 at 6:17 am - Reply

      Hey Michael! The trip was pretty amazing; the best part was visiting family. We also took a couple mini-vacations inside the vacation, one to a local tourist area and one to Japan.

      Food is always an interesting topic when on vacation overseas. This was my 3rd trip so it wasn’t all so new as the first couple times, but definitely tried some new dishes. I recently picked up an affinity for noodle soup, and I definitely had a few great bowls in China (and in Japan!).

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