Net worth question

[BrianL]

True, but the guy who owns us did it. Worked his way up from a carhop to asst manager, GM, DM, then franchisee. He just always spent less money than he made and hoarded the rest. Brian are you a real estate broker?

Nope I work at a Credit Union. In fact, we have a branch there in Clarksville.

[robbyreneeward]

Oh agriland?

[BrianL]

Teachers, out by old walmart.

[robbyreneeward]

Oh yeah duh I forget about them. So i assume you know Neicy and thecrew

[BrianL]

Yep.

[robbyreneeward]

Meanwhile, back at the ranch, I guess the big picture from all this is get out of debt, stay that way, don't buy anything you don't absolutely need, and save any and all $$ left after utilities are paid and I can build up some good savings. I'll need to save more than I have so far before I begin investing, but you guys have been a huge help for ideas.

[hully1029]

This thread has been informative and inspiring. I have wondered what my net worth was for a franchise (not sonic) myself and the net worth/liquid assets were scary. After reading some posts, it seems doable. Hard, lonely, and tiring. But doable.

[Mister Bubba's bulletman]

This question has come up before in the past.

First look at everything as an oportunity to make money.
It can be anything. From buying junk at a garage sale to buying the house and garage itself.

Even if you only make a few bucks at first put that cash to work on the next thing instantly. Keep it rolling and watch you cash grow.

Don't ever let up.

[txtrophy85]

Meanwhile, back at the ranch, I guess the big picture from all this is get out of debt, stay that way, don't buy anything you don't absolutely need, and save any and all $$ left after utilities are paid and I can build up some good savings. I'll need to save more than I have so far before I begin investing, but you guys have been a huge help for ideas.

Saving money is good and all but very, very few people save their way to riches, and they road is probably the least fun

It is never mentioned in these threads, but to save and invest money you have to make money. Don't be frivolous with your earnings but every high net worth individual I know makes alot of money with their businesses.

As far as savings go, if its not making you money, think hard before you buy it.

This goes doubly true for things like boats, jet skis, vehicles, etc

If you can't write it off or use it in your business, don't buy it