Well, let's. Can we backtrack a little bit and talk about the sacrifices I made to buy this business. Yeah. Both monetarily, financially, etc. So I mean me and the wife were making decent amount of money back then, but you know, we got kid one, kid two.
Acquiring Minds
$20m Net Worth After 25 Years Buying Businesses
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Obviously super expensive to have kids is in getting ready to buy this business. So we're living in a $450,000 house back in 2000, which is a really nice house back then. Yeah. And I'm driving around Alexis, which again back then is, you know, everybody drives around Lexus now.
But back then that was kind of. You had to make money to do that sort of stuff. And I'm like, yeah, we got to come up with this down payment.
We got to cut back on our lifestyle just to prepare ourselves for the bad times. Maybe we have a bad month and I don't get my ten thousand dollar paycheck. Right. So we sold our house.
And I think this is very important because everybody out there paints that this is easy. Now you got to make sacrifices.
Right.
So we downsize from a $450,000 house to a $220,000 house. Okay. So now my taxes are lower, insurance, my payments, all that sort of stuff. I sold my Lexus and I paid cash for a $5,000 plunker.
It was a green Ford Ranger. It was pretty ugly looking. That's what those are.
The. So now I've reset my basis of expenses.
Yeah.
And I use that cash to help for our down payment. Right. So. And then we just kind of cut back on stuff. Right. So if you want to get into this space again, which is a highly recommended.
We'll get into this in a little bit. Is there's sacrifices you got to make. Right. I mean, you have to prepare for bad times.
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