Money again!

Money is the root of all my stresses

  • Because of my lack of money, I can’t justify getting in a long term lease which means I have to endure the stress of moving around a lot. (I’m trying to get that fixed by September 1st.)
  • Because of my lack of money, Im screwed if something in my house in Houston breaks, and I need to find new tenants!
  • Because of my lack of money, Im constantly having to figure out how to move around funds to make sure my bills get paid
  • Because of my lack of money, I have to spend time doing less convenient things to avoid spending more.
  • Because of my lack of money, Im distracted from doing what I really need to be doing.

I can’t stress to everyone out there enough, that if you decide to bootstrap, pay off everything first… and I mean everything. What you have to realize is that once you leave your job, your cash-flow shrinks to a crawl. When I was working, I was buying things for the company, going on business lunches. My income was somewhere around $4000 a month, but my revolving balance on my credit card was more like $5000 a month on average… I always had a lot of cash coming in and going out which meant that when I had a bill to pay, I more than likely would have that cash. Now, I’ve got 0 (or close to that) coming in every month, so if I get an unexpected bill (like an old $300 dentist bill from 2006 that my insurance didnt pay), it means I have to spend a lot of time figuring out how to move money around to pay it.

You’ll always have old dentist bills and the like creep up on you. I really can’t stress it enough: Don’t try to be clever and move debt to zero percent (for one full year) credit cards like I did, just pay the stuff off before you leave your job. Bootstrap first, then quit.

Lesson learned.

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