This topic hits close to home for me. Here's my internet-free advice for ya.
You gotta figure out what the end goal is. If you're doing this so you can qualify for an entry level regional gig? My condolences. I'd say look for a career that puts real money on the table at the end of the month, so long as you can merely tolerate it, and fly for fun (affording the latter is an issue in it of itself).
I tried making the CFI thing work out, there was just no money. I couldn't justify it with two engineering degrees on the back pocket and no adult-sized income stream. I was able to tap into military aviation and avoid the bullet, which is what keeps me fed currently (Reserves) albeit I remain grossly underemployed (no civilian job). So much for economic recovery, when people are fighting each other for a 50K job....
Work for money, fly for fun. People are terribly misguided when they spew the "do what you love and the rest will follow". That's pure garbage that only rhymes in Disney movies. If I had no financial hardships to deflect that would be true. It's like the rich kid that sets up his own business with daddy's capital money and gets accolades for his cavalier and risk-taking attitude for opening a business. He took NO risk! If I knew that I could gamble all my capital trying to become then next Steve Jobs and failed miserably and had a home, a stable lifestyle, comfort and security to come back to I'd be "loving what I do without abandon" too! Alas, that's not how it works for the majority of the proletariat. We take risks and lose? We go hungry and nobody, not the one with the silver spoon in the least, says boo about it. You're poor because you're morally bankrupt and lazy they say. Gimme a break. Starving artist is for the movies. Maslow hierarchy of needs will get you in the hind every single time. Remind yourself that no matter how neat-o something is to do, if it doesn't FIRST meet the basic and security needs at the bottom of the pyramid, you will be INCAPABLE of attaining self-actualization out of it, unless you're irrational and yield pleasure out of your inability to feed your stomach while you accomplish a pleasurable activity that is. Regional pilots attempt to do it every day. Most who are without daddy's money, a family, or a previous career or retirement check to subsidize their hobby job, simply give up to their real human needs and look for ways of putting food on the table.
Work for money. Fly for fun. I have 'em at my unit. Men in their 50s who loved aviation and aviation didn't love them back. Multiple times in their career they were offered civil service positions to do the mil thing full-time. Alas, they were only navigators and they wanted to be professional pilots real bad, so they balked at these opportunities to chase the 121 iron. 10-20 years later the recall notice hasn't come yet, now they're in their 50s with only creditable service years to hodgepodge a part-time retirement check together and a chitty part 91 on-call 2-peanuts-a-day rate on day-only Slowtation gig to show for their "do what you love" mantra. And they ain't happy and merely console themselves by throwing aviation one-liners about "how do you end up with a fortune in aviation?.." jokes to mask away their failed expectations. How you like "love what you do" now? Optimism-bias I tell you.
Flying is neat-o. We all know it. That's part of the problem with the industry. But for the majority of these positions and for the peanut gallery, neat-o doesn't pay the mortgage (the bank won't take ILSs and sunsets at FLXX as legal tender). Neat-o doesn't allow the off time to be able to relate to your family and friends when they're off too. Neat-o doesn't allow for savings to weather the emergencies of life. Neat-o doesn't afford ya the ability to do what you love recreationally. And most importantly, neat-o doesn't inspire your children when in the process of spewing that garbage mantra to them you have to rationalize the irony of your life in that their economic hardship and familial strife is centrally due to daddy/mommy's desire to "do what she loves", economics be damned. People LOVE riding rollercoasters, some even admire the design and building process. But they don't go attempt to do it for a living at $7.50 a pop and free cotton balls just 'cuz is
neat-o. Aviation is plagued with optimism-bias.
Also, beware of the "pay your dues" mantra. I had 'em during my tenure in undergrad/grad school in engineering. Everybody is on the rat race and nobody is making headway, but the second you disengage and say "this ain't worth it" everybody will accuse you of being a self-fulfilling prophecy. "You can't hack it" dynamics we used to call them. You know what happens to people who insist on blindly placing inherent value in "paying dues" where the pot of gold has already been taken by somebody else? They get stuck "paying dues" the rest of their lives. Ring a bell..aviation? I don't find that lifetime recipe as a suitable opportunity cost to merely insulating myself from being called lazy every now and then in my life, by the proverbial ship of fools. I can live with myself. Emerson did say it best, to be Great is to be misunderstood...
My only source of friction is that I can't afford to do it recreationally either while simultaneously running a household, but I'm working on it. But I tell you this much. Doing something I would probably dislike would get me closer to affording the ability to do both (life and flying) well before any 'career' in the cockpit of an airplane and available to the median would ever get me. Work for money, fly for fun.
Good luck