Chapter 17 Personal reasons and debt

Chapter 17 Personal reasons and debt

This is the most important chapter in this book for me. This is why I am going to work so hard to make this business successful. I have to. There is no other choice for me now. I have decided not to go to graduate school right away. I want to work for myself for a few years.

Either I continue working for a slave wage for the rest of my life, burying my self further and further into debt, or I take that one tremendous step into the world on my own. This is my current debt, and every dollar that I am in debt now is one more reason that I want to work as hard as I can to do something about it. I am not going to wait any longer; I am going to do something about it now.

My current debt:

Debt	Amount	Due Date
Credit cards: Key Bank and Chase MasterCard	$1,000	ASAP
Parking tickets in Albany	$700	ASAP
Dell Computer Laptop	$1,300	$38/m
Lenscrafters	$500	January
Verizon Wireless	$480	$40/m
Current Apartment	$2,800	$400/m until June ‘07
College Loans	$20,000	Monthly payments for 10 years
Lawyer for DWI charge	$900	ASAP
DWI Charge	$2,000	January, term payments
Extra Personal debt	$1,000	ASAP
Total	$30,680

I am $30,680 in debt right now, and late fees and interest on most debts. Why should I pay interest on my money? I want my money making interest for me.

Most of the debt if from school loans, which were unquestionably the best investment I ever made. Although I recently had to apply for my first un-subsidized college loan. I electrically signed a contract that said I agreed to pay back these loans. Now that is what I intend to do. However, there is no other way that I am prepared to do this other then starting my own business.

(Please allow me to explain the DWI charge. I come from a family who has a history of alcoholism. Alcohol had played an important part in my development my entire life. And it almost ruined my life more then once. However I made it through, and I have made the decision not to drink anymore. My time is too valuable to waste drinking all the time. I can enjoy a beer every now and then, but I do not need to get drunk everyday. People that get drunk everyday do not have the kind of foresight into the future that I have now. I have a new reason to live! Alcoholics drink because it makes them feel good. Now I have something else in my life that makes me feel even better. And by the way, all criminal charges were dropped, and it will never happen again.)

I feel like I have the commitment to do this, to start this business to get me out of the hole. I owe it to all the people who I owe money. I owe it to them to succeed.

I owe it to the employees that get the privilege of working with me. I owe it to the people who get the lucky pleasure of working with a socialist capitalist boss. I am going to pay them well. After 10 years, my company could have many employees. All of which are going love me. I owe it to the world, to make it a better place.

I owe it to my family, not only myself and the lucky lady that marries me, but my children. I will have something to hand down to them. This business will be my legacy.

I want to be able to provide for all those who have provided me so much. I want to sustain my family and myself. I want to be able to help my parents when they need me too. I want to be a productive member of society.

That said I am going to do it for all of them, and I must start now. My first debt is the Lenscrafter bill. It is due by the end of January. I have to start now. Right now, not later but now. I do not see a reason to wait any longer. Do not tell me that I should wait, because I have these prior commitments that I have to honor, and this is how I am going to pay for these debts.

Another reason to start my owe business is that I have a natural talent at organizing things. I am a natural leader and I want to be the boss. I want to run things the way I want to run them. When working at Stewarts and Regal, I would get theses ideas in my head while doing hours of monotonous work. I wanted so badly to change simple things in the organizational structure of the job. Mostly changes were to increase work moral and to make it a better place to work for the employees, but also to increase THEIR profits! Nobody would listen to me. It was their loss.

Now I am going to do it for my employees and myself.

I control the structure and every decision. I need to be in control. I will have it no other way.