I'm 23 years old guy entered into software industry. I'm earning a salary of 50k .But I'm not interested in job. I have around 10 crores property which includes farm land and plots . I'm getting rent around 50k from plots(This may increase to above 1 lakh if I build a commercial space).From farm land I'm getting around 1.5-2 lakhs yearly.In agriculture we are getting not any profits we may get in next two or three years but not sure. Should I continue with my job? Can I quit my job and plan a business or focus on rental properties?
Suggest me a financial advice
Ans: You possess a rare financial advantage at 23: substantial property assets generating Rs.7.5–8 lakhs annual passive income while earning Rs.6 lakhs employment salary. Rather than an impulsive employment exit, you need a structured pathway that converts employment dissatisfaction into wealth creation while protecting family economic security. 3 evidence-based options exist, each addressing your constraints differently while ensuring zero financial loss risk. OPTION 1: Strategic Passive Asset Development (Continue Employment + Active Property Management Optimization). Maintain your Rs.50,000 monthly software employment as an income stability foundation while systematically upgrading property and agricultural assets through professional management. Hire a property manager for Rs.5,000–10,000 monthly to handle day-to-day residential rental operations, freeing your time for strategic commercial conversion planning. Simultaneously, engage an agricultural consultant for Rs.10,000–15,000 annually to validate the "2–3 year profitability" timeline with concrete data; if valid, you've confirmed future income; if invalid, you've avoided business failure before committing capital. Over five years, residential plots generate capital appreciation of 8–10% annually on your Rs.10 crore base (approximately Rs.80 lakh appreciation); plot rental increases from Rs.50,000 to Rs.75,000–100,000 through market escalation; and commercial development conceptual planning establishes a timeline and return on investment (ROI). By year five, passive income growth combined with employment stability creates Rs.20–25 lakhs annual income without employment dissatisfaction escalating into financial crisis. You maintain psychological freedom (planning your exit) while managing transition risks mathematically. This option eliminates the employment-exit financial cliff, allows five-year passive appreciation exceeding Rs.80 lakhs, validates agricultural assumptions risk-free, and enables calculated commercial development decisions post-validation without desperation or hasty judgment. OPTION 2: Hybrid Transitional Model (Employment Continuation → Validation → Strategic Exit) - Execute controlled exit within 24 months through three sequential phases: first, the validation phase (six months) where you hire professionals to verify agricultural profitability timeline, quantify commercial development return-on-investment, and stress-test passive income assumptions against worst-case scenarios; second, the preparation phase (12 months) where you build Rs.25–30 lakhs emergency reserves through employment savings, hire professional property and agricultural managers, establish digital accounting systems, and document all income sources for future bank loan qualification; third, the exit decision phase (months 18–24) where you evaluate whether validation confirms Rs.12–15 lakhs annual sustainable passive income, and only then transition to full-time asset management with employment departure. This approach de-risks employment exit through professional validation, financial buffer accumulation, and systematic management infrastructure establishment. You address employment dissatisfaction within a defined 24-month timeline while maintaining family economic security; neither impulsive exit nor indefinite employment suffering occurs. This option validates passive income assumptions before exit, builds a Rs.25–30 lakh safety buffer, establishes professional management systems, enables data-driven departure decisions, and manages the employment dissatisfaction timeline while securing family stability through structured planning. OPTION 3: Commercial Real Estate Entrepreneurship (Full-Time Asset Development & Scaling) - Exit employment within 12–18 months to pursue aggressive commercial real estate strategy: convert your current Rs.50,000 residential plot rental into Rs.1–2 lakh commercial space through phased development over 18–36 months, while simultaneously identifying undervalued properties within your existing Rs.10 crore portfolio for commercial conversion or redevelopment, unlocking 15–20% annual returns versus current 8–10% residential yields. Maintain agricultural land as cash-generation baseline contributing Rs.1.5–2 lakhs annually post-profitability confirmation. This pathway transforms you from passive landlord into active real estate entrepreneur, leveraging your Rs.10 crore asset base as development capital, building a professional developer network, and scaling wealth through value-creation rather than passive appreciation. During year one post-exit, you'll generate Rs.11–15 lakhs (temporary dip due to development costs and timeline); by year two, Rs.20–27 lakhs; by year three, Rs.32–45 lakhs from multiple commercial developments; by years four through five, potentially Rs.40–60 lakhs annually if three to four commercial projects operate simultaneously. Risk is substantially higher than other options; upside potential reaches Rs.40–60 lakhs annual income within five years if the commercial strategy succeeds, but it requires active management, market knowledge, execution discipline, entrepreneurial competence, and strong risk tolerance. This option converts your Rs.10 crore asset base into a value-creation engine generating 15–20% returns versus 8–10% passive yields, builds entrepreneurial skills and market reputation, enables Rs.40–60 lakhs annual income scaling potential, and transforms employment dissatisfaction into meaningful entrepreneurial work—though it replaces employment stability with business execution risk and requires you possess or rapidly develop construction management, tenant acquisition, and market-timing competencies. Your CHOICE depends on personality and risk tolerance: Option 1 suits stability-seekers willing to wait five years; Option 2 accommodates controlled exit within two years through a validation-first approach; and Option 3 suits entrepreneurial individuals comfortable with managed chaos and willing to actively build a commercial real estate portfolio. Begin immediately with agricultural consultant validation (Rs.15,000–25,000), expense calculation, and emergency reserve accumulation—these cost-effective actions provide decision-making clarity regardless of the pathway chosen. (IMPLEMENTATION PRIORITY: Immediate Actions—Next 30 Days: Regardless of which option you choose, start these immediately: First, clarify ownership by verifying whether your Rs.10 crore assets are individually owned or joint family property, as this directly affects your decision autonomy and financial control. Second, calculate your monthly personal expenses by detailing housing, food, utilities, healthcare, insurance, and leisure costs—this determines your financial sustainability threshold and reveals whether passive income alone can support your lifestyle. Third, hire an agricultural consultant to get professional validation of the "2–3 year profitability" claim within 30 days through a Rs.15,000–25,000 investment; this establishes whether agricultural income projections are realistic or optimistic assumptions. Fourth, build emergency reserves by starting to save Rs.10,000 monthly from your current salary toward a Rs.25–30 lakh emergency fund, as this financial buffer is critical for all three options and provides security during employment transitions or unexpected property income disruptions. Fifth, meet with a banker to discuss property-backed loan options, which gives you financial flexibility and demonstrates that understanding your borrowing capacity is power—you may need this safety net if employment exit occurs and initial passive income doesn't materialize as projected. These five actions cost minimal money but provide the clarity and foundation you need to choose your pathway confidently and execute it successfully. Do not exit employment without establishing this foundation, as doing so without proper validation, expense clarity, professional guidance, emergency reserves, and banking relationships would expose your family to unnecessary financial risk and jeopardize the substantial ?10 crore asset base you've inherited or accumulated.) All the BEST for Your Prosperous Future!
Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.
Question by Shivam on Mar 03, 2023Hindi
