How to Build $7.5m in Net Worth by Buying a B&B

But also given kind of the background of what I did in international development with operational finance, I did believe that I could run a business very well.

So you have some, there's some finance, you have finance chops, if you will, even though you don't come from a strictly finance background. Yeah, it's not, you know, full scale accounting or MBA studying, but managing kind of 50, 60 million dollar international development projects and supporting the financial backbone of some of these development organizations that I worked for.

That's, that's really, I think what, there are a lot of reasons people become entrepreneurs, but that's top of the heap. But they, they're already in business in some way. So, so your, your pivot here is, is a much bigger, a much more dramatic pivot because you weren't in, you weren't in, you know, for profit land already.

So I don't know. So, so maybe say more and probably, probably like your circle, your orbit. There were more raised eyebrows and head scratches than, than my typical guest gets, which is already a lot. So. So say more about this Christine has gone crazy decision.

Yeah, I think some people were wondering if I should be checked into to check my mental state at certain times because it is, it was a very surprising turn of events I think after the international development field is unfortunately completely dwindled now.

So a lot more people are hoping they had considered something like this now. But I, that's such a good question. I think that with international development there and where I had gotten to in the point of my career, there are a lot of opportunities to be the decision maker, be the manager of your own destiny, but the outside factors will always make it limited in what you can do achieve or the…

So I was working on a project in Ukraine and Russia, decided to invade. And those are factors completely beyond my control. So at the point I was where I was in my career, I wanted to really harness those skills that I had developed to make sound, reasoned, smart business decisions and have them be in a little bit more of a controlled environment where I could see what success looked like.

And so the type of business was always going to be bed and breakfast. It wasn't I want to own a business, it was I want to own a bed and breakfast.

I, yeah, I, if something had come along that was interesting that I thought I could do well, I, I don't think I would have said only bed and breakfast, but that was all that I had in my head because I, it was just such a strong mixture of kind of the qualities that I thought I bring to, to the table most great for it to be successful.

And financially we're going to, we're going to get into numbers here throughout, but give us a picture of kind of salary that you were earning or, and, or like what you Thought you were going to need to replace or, you know, kind of income that your bed and breakfast was going to have to, to generate to replace or come close to replacing. Yeah, so I was making right around the 150k salary mark…

I knew I probably wasn't going to make that right off the bat starting anything brand new. And with the bed and breakfast model and if we talk numbers, I can go into more specifics. But a lot of the business costs are also the living costs for me and my family, they're, they're folded in.