31 in August, am I wasting my prime?
Background. 31, divorced, 2k a month child support, 2 kids I get 3 weekends a month (Kansas is a mother’s state, and she was a stay at home mom and moved 2 hours away). Own my own home, 2 paid off vehicles, always think/say I want to travel, struggle to actually find the time. Two major businesses. Farm 2000 acres, corn, beans, and wheat. 100 head of cattle. Also have a real estate portfolio of 40 doors and 50,000 sqft of commercial space. $800,000 in stock market. NW around 5-6M. Carrying $20M in debt overall on commercial, residential, and ag land debt. Live on about $85,000 a year. Building about $400,000 a year in principal paid down. Say inflation at 1.5% is another $375,000 annually. Single. Very rural. Comfortable, if a little lonely.
I know in my head I’m building generational wealth, my banker has told me such too, but this year marks 10 years that I have been in the game. I won’t sell these assets in my lifetime, and I won’t see big cashflow until I’m in my mid to late 40’s. I seem to be on the nowhere fast path in quality relationships. And I’m not hitting any home-runs, just steady growth with minor hiccups and expansion as the opportunity arises.
Am I doing something wrong? Is this just the grind through the mid stretch as a business owner? Do I pursue a quality relationship and more kids? If so how? Should I be focusing my efforts on increasing cashflow or is my game of building equity the way to keep grinding? Thoughts? Advice? Opinions? How to get to the next level and have a team that manages day to day while I hunt deals?