God takes care of them, whatever. And so I just think I always had some, like, different things in my youth and then, and then leaving to go away to boarding school, that was a huge risk, right? I mean, how many 15 year olds would leave New Mexico, go to Massachusetts?
Acquiring Minds
Getting Unstuck by Buying a Business
Excerpts · 581 segments · ~1:52:20 long
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I didn't know a single person in Massachusetts. I just went there, kind of figured it out, you know, and, and so on and so forth. So, but, but yeah, let's be honest.
I was very miserable. I, I was. I remember sitting on my, my desk, looking out the window over, over Century City and just saying, it can't be worse than this, right? If I buy a business and it goes bankrupt and I have to file bankruptcy, like, I won't feel worse than I do now, so what the hell, you know, I have no downside.
Yeah, yeah, that's basically, exactly. That's basically a no downside kind of argument.
Yeah, yeah.
I mean, yeah, you were already, you were already at the bottom, so it couldn't, couldn't have, Couldn't have sunk further. Okay, well, I love that because that's. I have said about buying a business, I said it in a recent episode that one of my favorite features of this path is that when, for a lot of people, including yours truly, when, when you feel stuck, this is, this can, this path can be a…
And it's part of the reason why I like to evangelize it, because it's, it is not one that's obvious. It's becoming more and more known, but it certainly wasn't obvious to you. Wasn't obvious to me.
And yet when you stumble upon it, it just, it's like the universe cracks open and all of this light shines and you're like, wow, look at all the possibilities here. Not easy, lots of pitfalls. Everybody not saying, not saying everybody does this is successful and gets rich.
But it's, it's pretty compelling and you're going to, you're going to be proof positive of that. Carry on.
Okay. So my wife and I decided we're going to leave la. We had, we ran a process. We ended up in Atlanta, Georgia.
So I will say that there are certain places where it's easier to do business as a small business and Georgia is definitely one of them and California is not one of them. So you know, I think it matters a lot to specifically for certain types of businesses. So we moved here. You know, the cost of living is much lower.
It just takes the pressure off. Right. When your mortgage is not $10,000, it's $3,000, you don't have to start working and earning money right away. So took basically took a year, looked at a bunch of businesses.
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