my personal debt as a portion of my LLCs and Corp S and C entitities
is low 8 figures....i remember the old sarcastic adage about if I was only worth what I owed...lol
chain of car washes and self storage etc
private....
sometimes I wake up at 4 in the morning second guessing myself....my loan to value is healthy but still, it gives me pause...I’m not a Mellon, it still feels like a lot of personal debt to this 50 year old father of 5 and head of an extended clan of 11 who depend on me for food on the table...not to mention employees...and I am lucky in that regard..
one good thing...I doubt at this age i’ll ever owe 100 million.....but you never know do ya?
People don’t understand do they, if you are self employed it sometimes takes a lot of money on the table to make money.
Exactly...pushing a million, myself.
Damn I sweat a truck payment !..........If money ain’t coming IN, aka money making money , I am in panic mode.
Stay safe !