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Words of Encouragement

Old 04-16-2007, 07:54 PM
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I'm 34 and I own a good size contracting company. were growing but so is the overhead. I know it'll take time but 15 yrs from now Ill be well off. Problem is I'm not waiting 15 yrs!! I lack one key thing,financial backing. My whole family are regular joes and no one can invest in any opportunities. Ive probably lost 100,00 this year alone due to lack of backing. Ive got properties offered to me all the time that would yield 30,000 to 70,000 in 3 months time. My wife and I are not in any situation to invest ourselves solely due to our first house and five kids.Still building up my credit score and also my business. Any words of encouragement or advice from you fellow THTers??? With the right investor I could pull in 300,000 + a yr and still only work 4 days and fish 3......lol
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Old 04-16-2007, 11:23 PM
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And if frogs had wings, they wouldn't bump their ass so much! LOL
Good luck,
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Old 04-16-2007, 11:26 PM
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Son, I hate to rain on your parade, but you're missing more than one key thing.

Counting money you could have made is the same as counting chickens which could have hatched.

If everything were a sure fire moneymaker, we'd all be rich. My advice to you as someone who started with absolutely nothing and has now owned a business for over 25 years? Give up on the get rich quick schemes others may offer to you, teach your five kids the value of a hard day's work, give your wife a big hug, and work your way up to where you want to be.

Having done that, you will be able to retire at age 65 having raised your children right and put them through college if you are indeed a very lucky man.
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Old 04-16-2007, 11:36 PM
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wow thank you. That was nice to read. Whos that boy in the pic??Your grandson or is that your sons boat??
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Old 04-16-2007, 11:47 PM
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highmatic - 4/16/2007 11:36 PM

wow thank you. That was nice to read. Whos that boy in the pic??Your grandson or is that your sons boat??
That's my boy!

I had him when I was 46 years old, so I'm old enough to be his grandfather! Needless to say you have beat me at that part of life. Just another example of how life doesn't always go the way you plan. I never thought I would own my own business at age 23, be single at 30, married at 40 with no children, and facing the very real possibility of divorce at age 50 with a four year old son I adore.

Trust me, I have way more pride carrying my son into day care than I do putting a 70 foot Hatteras into a slip at a fancy marina while others look on with envy. You have already been blessed with a family, and I promise no amount of money will give you more pleasure than you should already have in your life with five kids.

I used to laugh at people who told me things like that, but I've made enough money to know it's true. Some things you just can't buy, and when you lose them, no amount of money will bring them back. Like they say, the best things in life are free, so don't get caught up in the pursuit for the almighty dollar.

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Old 04-17-2007, 12:00 AM
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I hope I wasn't out of line. I didn't think you could have had such a young son. Good for you.You are right, my girls and soon to be only son, are the best thing in my life. Nothing compares to the joy they bring me. I'm very active in there life. I want to start building homes so I have more time at home or on the boat with them. My intension's are not selfish. Well most aren't.I'm not complaining in the least bit. I'm successful so far.The writings on the wall for me but I'm in a very demanding trade. I'm sick of it! I'm friends with some builders and they are so much more relaxed.These guys build 3 to 4 a year , make 250,000 maybe 350,000 and take the rest of there time off with the family.I want that as young as possible so I can actually enjoy it!
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Old 04-17-2007, 12:54 AM
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Hey man, no problems here whatsoever. I don't know how things are in your neck of the woods, but the real estate market, especially for new homes, is dismal at best.

If your buddies are making that kind of money in today's economy, you need to go to work for them a while and see how they are doing it. Being your own boss isn't always what it's cracked up to be.

I just hope your "buddies" are not the one trying to get you to invest in their houses they're trying to dump! If you haven't figured it out yet, you will. Money can do some very strange things to friends and family. Trust me on that one if nothing else.

Now go to bed, you've got work to do tomorrow! Me too!
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