I figured the best thing I could do while waiting to go to real estate school is to ask questions and listen to successful realtors. So I've had conversations/interviews with 5 friends who are realtors. All of them have said that real estate is hard work, but if you enjoy it then you probably won't mind working hard. Each conversation has brought me more and new information. The slogan "You don't know what you don't know" certainly holds true for me here!
After identifying my next career I had to figure out how to pay the bills until I could actually start working in it. My last severance check is on Dec 24th (Merry Christmas!) so I will be applying for unemployment benefits the following Mon. We have some savings we can use and I plan to cash in an asset to help bridge the gap between the unemployment income and our expenses. The real estate school costs money too, but it is a necessary investment in my new career and is probably deductible. So we should be okay financially for a while as I get licensed and select a brokerage for which to begin working.
But even once I'm working I won't get a paycheck for a while, since realtors are paid commission from real estate transactions. That's probably the biggest adjustment for me, both mentally and financially, since I've always been employed in an industry where I got paid every 2 weeks.
But I'm not going to allow fear to stop me.