Maxwel Nicoll
Junior Member
I'm in San Diego, Ca. To make it pretty simple: my Dad died rather suddenly and too young, now I've had to take over and now I know how incredibly hard it is.
I have the plumbing contractor's company, which was a $2.5 million company before my Dad got sick. At least that was what I was told. It has an invaluable capital, the tools, decent inventory, etc. The customer base is greater than the work capacity, and still is. Well known and respected name, valuable and perfect contractor number, and it is still licensed and insured. No debts, or anything like that. No office, it is a home based business, the garage is set up to do well. My Dad was a master plumber other master plumbers would ask for help, but while I picked up most of his wisdom, I missed enough. I work, but I'm unable to get the company productive enough to service the customers who are waiting for me. It isn't losing money, but isn't creating profit.
I have the house and the truck, both more than halfway paid for and with more value than owed. The truck was bought new and is under 80k miles, and is a well taken care of diesel. Looks good and stock, great gas mileage, long life span, heavy duty and durable with the space to work. It is also close to paid off, but has a hefty monthly to the lower interest. So it is also more valuable to the company than it is worth or costs to maintain. The house, is from the 70's, and is way too original. No damages, but maintenance is way behind and upgrades are extremely cost effective. It has a quality solar water heating system, and almost no other cost saving addons. It could really use the windows, and the toilets. No air conditioning, but the central heating would save a lot if upgraded. As is it has equity, with a little investing is worth a lot more. As a home for my family and an office for the business, it is more so.
I'm in the later 20's, smart enough, skilled but not at business, and motivated\ambitious. Clean legal history, great health, etc. Steady income for someone without so many bills. I have the ability to drastically increase my income, with advice and help. I do have a negative credit history, but is small enough that I can repay it quickly. No credit cards, no extreme debts ( above $1000 total). No unemployment checks, no welfare or food stamps or medical, no church aid, or anything like that.
I share the home with my mom, who makes a little more than me, but not enough for the home without my dad. She doesn't have a current position that offers more income, but if she was more stable has the ability, credentials and positive work history to make a nicer income. I am not great with business, law, economics and whatever else I'm bad at, but my mom is much worse. She depends on me with much of her decisions, and needs to feel positive about my suggestions. The mortgage is under a company we don't like, and who bought out our old company a few years back. They made out mortgage really hard, and cost more. Most of our bills are old accounts, some with people who give us understanding and don't fee us right away.
We have two cars, my moms and my dads. Both are paid for and owned, and have a decent though not spectacular value. My mom's is worth more, and the work needed to it isn't too costly. My dad's needs some work, but has more value than work needed, although close. We want to fix and sell my moms car, for it is older, above 100k, and is more costly to maintain. We then want to keep my dad's, which is nicer, has better value, and is capable of lasting above another 100k miles. To fix mom's car, and sell for it's maximum value, and fix dad's and give to mom will still leave a profit, even if dad's car got some extra benifits that a widow should get in her car, but not a waste of money.
So, My mom and I have a very nice life, even with the bad economy and our own hard times. It is valuable, worthy to keep in money and sentimental value and as a good place to raise my kids. Nothing is expensive or extravagent,but things aren't the cheap nasty stuff. We aren't suffocating in debt, and not incurring more. Bills are paid, expenses are almost amazingly pennypinched, and costs are cut as much as possible without sacrificing quality (don't want to fix it soon). We have equity, steady income, and the ability to make more money. The only problem is that we are stuck in a rut, and don't have the knowledge or current ability to advance ourselves.
My mom is depressed and having trouble seeing the best in her current situation, and I am out of my depth in all that I have to juggle all at once. I am doing all right, but barely holding on. I am starting to lose little things to keep the bigger, and don't have anything that can help me turn this tide of woe. I couldn't get enough saved and euthanised my dog right after my birthday, and struggling to get our other dog out of his depression (it's painful seeing a dog so emotionally unhappy). I had to pay the vet with bill money so will have a couple of months to juggle money untill the bills are paid on time again. I just got the ability to service all my customers, but my family and personal life is stressing the ability for success. We have really good family help, but it has been quite a while of them helping us so much. I would rather be able to use their credit to help us save money than them give us money to keep us as we are without moving up or down. And due to my families personal life, that support is stressful and could have unforseen problems arise, like them dying in their old age (almost 90).
What I could use help on is a educated plan of attack. Maybe be able to use some of funding or support, or adjusting loans so that the interest is lower without more payments or higher monthlys. Maybe pulling some money out of the home equity just for house upgrades- to drop the cost of utilities and unsurance and all. A usefull business plan that can get some small business loan, grant, or help. Turn the company into a corporation or something. What to do with some options, and if what we are thinking is realistic. The goal would be to keep ourselves valuable, and be above self sufficient. It is the lives of a large part of my family, so I am willing to pay a lot to do this. I have equity, reliable co-credit, a not-unreliable history, and the visible ability to be successful. I also have visible obstacles that are very difficult but on their own very easy to solve.
I won't pay a large chunk early, not because I can't but because I have a lack of trust. But I will do a contract, and guarantee the payment with the accomplishment of agreeable points. There is plenty of equity and value to cover any expensed worried about, and good insurance to cover valuables.
Other than my first born, I will give a great value to anyone who can help me. Investor, legal advisor, temporary interest, whatever. I can't add it to this, but there is a very big chance of extra things coming up, paid off and maintained property sales that have been owned a long time, home purchases by members with the money to buy a house outright, and possibly other business startup assistance.
I think this is a low risk and higher return investment, and includes helping out those who want help. Easy to make money within a year, and the chance of lifetime return. Maybe I can work for you doing similar assistance for others and really bring in some money. But that is separate, family first.
I have the plumbing contractor's company, which was a $2.5 million company before my Dad got sick. At least that was what I was told. It has an invaluable capital, the tools, decent inventory, etc. The customer base is greater than the work capacity, and still is. Well known and respected name, valuable and perfect contractor number, and it is still licensed and insured. No debts, or anything like that. No office, it is a home based business, the garage is set up to do well. My Dad was a master plumber other master plumbers would ask for help, but while I picked up most of his wisdom, I missed enough. I work, but I'm unable to get the company productive enough to service the customers who are waiting for me. It isn't losing money, but isn't creating profit.
I have the house and the truck, both more than halfway paid for and with more value than owed. The truck was bought new and is under 80k miles, and is a well taken care of diesel. Looks good and stock, great gas mileage, long life span, heavy duty and durable with the space to work. It is also close to paid off, but has a hefty monthly to the lower interest. So it is also more valuable to the company than it is worth or costs to maintain. The house, is from the 70's, and is way too original. No damages, but maintenance is way behind and upgrades are extremely cost effective. It has a quality solar water heating system, and almost no other cost saving addons. It could really use the windows, and the toilets. No air conditioning, but the central heating would save a lot if upgraded. As is it has equity, with a little investing is worth a lot more. As a home for my family and an office for the business, it is more so.
I'm in the later 20's, smart enough, skilled but not at business, and motivated\ambitious. Clean legal history, great health, etc. Steady income for someone without so many bills. I have the ability to drastically increase my income, with advice and help. I do have a negative credit history, but is small enough that I can repay it quickly. No credit cards, no extreme debts ( above $1000 total). No unemployment checks, no welfare or food stamps or medical, no church aid, or anything like that.
I share the home with my mom, who makes a little more than me, but not enough for the home without my dad. She doesn't have a current position that offers more income, but if she was more stable has the ability, credentials and positive work history to make a nicer income. I am not great with business, law, economics and whatever else I'm bad at, but my mom is much worse. She depends on me with much of her decisions, and needs to feel positive about my suggestions. The mortgage is under a company we don't like, and who bought out our old company a few years back. They made out mortgage really hard, and cost more. Most of our bills are old accounts, some with people who give us understanding and don't fee us right away.
We have two cars, my moms and my dads. Both are paid for and owned, and have a decent though not spectacular value. My mom's is worth more, and the work needed to it isn't too costly. My dad's needs some work, but has more value than work needed, although close. We want to fix and sell my moms car, for it is older, above 100k, and is more costly to maintain. We then want to keep my dad's, which is nicer, has better value, and is capable of lasting above another 100k miles. To fix mom's car, and sell for it's maximum value, and fix dad's and give to mom will still leave a profit, even if dad's car got some extra benifits that a widow should get in her car, but not a waste of money.
So, My mom and I have a very nice life, even with the bad economy and our own hard times. It is valuable, worthy to keep in money and sentimental value and as a good place to raise my kids. Nothing is expensive or extravagent,but things aren't the cheap nasty stuff. We aren't suffocating in debt, and not incurring more. Bills are paid, expenses are almost amazingly pennypinched, and costs are cut as much as possible without sacrificing quality (don't want to fix it soon). We have equity, steady income, and the ability to make more money. The only problem is that we are stuck in a rut, and don't have the knowledge or current ability to advance ourselves.
My mom is depressed and having trouble seeing the best in her current situation, and I am out of my depth in all that I have to juggle all at once. I am doing all right, but barely holding on. I am starting to lose little things to keep the bigger, and don't have anything that can help me turn this tide of woe. I couldn't get enough saved and euthanised my dog right after my birthday, and struggling to get our other dog out of his depression (it's painful seeing a dog so emotionally unhappy). I had to pay the vet with bill money so will have a couple of months to juggle money untill the bills are paid on time again. I just got the ability to service all my customers, but my family and personal life is stressing the ability for success. We have really good family help, but it has been quite a while of them helping us so much. I would rather be able to use their credit to help us save money than them give us money to keep us as we are without moving up or down. And due to my families personal life, that support is stressful and could have unforseen problems arise, like them dying in their old age (almost 90).
What I could use help on is a educated plan of attack. Maybe be able to use some of funding or support, or adjusting loans so that the interest is lower without more payments or higher monthlys. Maybe pulling some money out of the home equity just for house upgrades- to drop the cost of utilities and unsurance and all. A usefull business plan that can get some small business loan, grant, or help. Turn the company into a corporation or something. What to do with some options, and if what we are thinking is realistic. The goal would be to keep ourselves valuable, and be above self sufficient. It is the lives of a large part of my family, so I am willing to pay a lot to do this. I have equity, reliable co-credit, a not-unreliable history, and the visible ability to be successful. I also have visible obstacles that are very difficult but on their own very easy to solve.
I won't pay a large chunk early, not because I can't but because I have a lack of trust. But I will do a contract, and guarantee the payment with the accomplishment of agreeable points. There is plenty of equity and value to cover any expensed worried about, and good insurance to cover valuables.
Other than my first born, I will give a great value to anyone who can help me. Investor, legal advisor, temporary interest, whatever. I can't add it to this, but there is a very big chance of extra things coming up, paid off and maintained property sales that have been owned a long time, home purchases by members with the money to buy a house outright, and possibly other business startup assistance.
I think this is a low risk and higher return investment, and includes helping out those who want help. Easy to make money within a year, and the chance of lifetime return. Maybe I can work for you doing similar assistance for others and really bring in some money. But that is separate, family first.
