Some numbers for new O/O

Man, you saved 40k last year? That's impressive.

 

I always have cash available. I don’t have to ask anyone for anything if I need it.

I can get all the credit a want with a phone call or two and I have and I will again in the future.

If and when the tide changes like back in 2008 banks will stop loaning overnight. You will get nothing from them..... Then what are you going to do?

Me??? I’ll just transfer some funds and tighten my belt.

 

The world is coming to an end in 12 years (possibly) due to climate change, so it doesn't really matter anyways

 

The best laid plans of mice and men...

I had it all planned out 12 years ago as a small developer/builder.

I was going to build out a small 10 lot sub-division I developed, make a nice profit on the lots and homes I was building on them, sell a couple of other projects I had going, end up with over million dollars and take an early retirement.

Then that thing called the "Great Recession" hit in 2008.

Well, as they say, the rest is history

 

Well, I don’t know about all that but I could go buy a used truck or trailer tomorrow with cash If the #### hit the fan.

I didn’t get hurt during the last crunch but seen a lot of people lose it all.

It would have to get real real bad for me to lose anything ( personal or business) if and when it comes again.

My health taking a hit could do it real quick though. Seen that first hand too.

 

That being said...

People with real wealth say to never Risk your own money to crate wealth. Conniving others with money to let you use there’s is a better plan.

That comes from some people I have worked for throughout my life that are wealthy to this day.

They also told me that you can only make real money off having others working for you.

 

On this note, an older retired couple from the Fresno, CA area bought a nice 2 acre country lot down the road from me a couple of years ago here in the Umpqua Valley, Oregon.

He was a small builder like I was and also ran his own trucking company with about 20 trucks, if I remember correctly. Sold out and moved up here.

Had a really nice shop built first, it was sealed up on the outside, no siding on or work done on the inside, except wiring.

Had a good size utility building up, same thing...

Main house had the foundation complete with 2 intersecting walls framed up.

Then everything came to halt...

Weeks and months passed, my wife finally inquired of their whereabouts from the neighbors next to them.

The man started feeling bad. Cancer finished him off it seems.

Everytime I pass by that place unfinished as it is, it reminds of my own mortality and just how fleeting and short life really is.

 

I understand the importance of limiting personal risk - the using other people’s money part. But I’ve always had the line of thinking that ownership is everything. And that ones own control over, and potential gain from an investment is limited mainly by the amount of skin they have in the game.

Wealth can surely be created using other people’s money, but I feel that’s either a case of a lucky moonshot or a long haul to get there. An easy parallel to trucking would be, is a driver working for a percentage, or standing to lose or gain the whole pie?

 

Your leased onto Schneider right? Did you get your truck through the lease purchase deal they have or another source?