Well I am singing the same song many Americans are these days. Too much debt!
Being a senior in college I have had the pleasure of wracking up $7,500 in school debt with another $15,000 to come (2 more years). I will be leaving college with $22,500 in debt!
My mother was very kind 1 year ago to loan me some start-up money to buy a lesson horse, business cards, and other odds and ins needed to run my business. I have yet to pay her back even though my business is actually quite successful considering the dreaded sentence "bad times." Most of my students didn't cut back much.
I owe my Dad for some money he fronted me in 2006 with interest. I have paid the interest ALL off but still owe the initial balance (go figure).
I THEN still owe for the wonderful trailer I drive.
I started a NEW business 2 weeks ago in addition to my current business. They go hand in hand in reality though. I am now selling horses for clients who don't want to deal with the parade of phone calls and e-mails or don't know how to use the Internet. Most are ranchers with good stock but bad selling history (from not being persistent on their price or underselling completely). I have 6 clients and 12 horses. Already sold 2! So I had 14. I think this could help me dig myself out of those loans I will owe and already owe on! Not to mention the small bills I owe on my credit card (those are at least in control!).
Ok. My debt rant is over. I have been working THREE jobs for the past 2 weeks. I have been going from 6am to 10pm or later NON stop. I was good for a while but now I am dragging. I leave to go back to school in 2 1/2 weeks so I will get a small break there but still can't stop. I am determined to get out of debt and start saving some money for retirement, emergency funds etc... by December 2010! My Goal!
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