4.6 • 682 Ratings
🗓️ 6 June 2024
⏱️ 10 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.0 | Well, recently I found out I was having a baby and got engaged and she has a daughter of her own from before we were together. |
0:20.0 | So I started getting serious. |
0:22.0 | I own a construction business. |
0:23.5 | I started getting serious about paying some stuff off. |
0:25.5 | The baby's kind of making me, you know, sweat a little bit because it ain't just me anymore. |
0:29.3 | Good for you. |
0:29.8 | I to take care of it. |
0:30.8 | Good man. |
0:31.5 | Well, I've had a construction business and had a ton of debt, had about 30 employees. We, you know, we're doing four to |
0:39.5 | five million dollars a year for about three years in revenue. And for 23, I thought, you know, |
0:46.1 | I was on my high horse, thought I was, you know, it, you know, and taking on a lot of debt. |
0:52.1 | And then things slowed up last year. |
0:56.9 | I had to lay off, continue to lay off more and more people. |
0:59.5 | And it kind of just snowballed down. |
1:00.4 | What was the debt for? |
1:05.0 | Oh, just random things like business loans. |
1:10.9 | A lot of it was equipment that I've currently liquidating most of it the best they can. |
1:11.6 | Okay. |
1:13.1 | How much debt have you got? |
1:17.8 | All together, including my personal, is $360,000. Honey, it's all personal. |
1:18.8 | You signed forever a bit of it. |
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