Ok, where do I start with this? This is long so i'll break it up into smaller more readable posts. Your time is valuable so I hope you can get something out of my story.
Yes you read it correctly, my name is Paul and at the time of writing this, I'm £240,000 in personal debt and on the verge of bankruptcy.
If my story prevents just one person from making the same mistakes I've done then this will be worth it. This will also help me document what I'm going to do to fix it.
I opened a computer repair shop in 2000 (aged 20), and at the time I used to buy and sell computers but didn't know how to repair them. So I taught myself. Business was good for the first few years but instead of thinking of ways to grow the company I decided at aged 22 to buy myself a brand new Mercedes (£34,000). I paid a £10,000 deposit and put the rest on finance. Mistake number 1. (Not the finance, buying the car!).
To be Continued.......
Yes you read it correctly, my name is Paul and at the time of writing this, I'm £240,000 in personal debt and on the verge of bankruptcy.
If my story prevents just one person from making the same mistakes I've done then this will be worth it. This will also help me document what I'm going to do to fix it.
I opened a computer repair shop in 2000 (aged 20), and at the time I used to buy and sell computers but didn't know how to repair them. So I taught myself. Business was good for the first few years but instead of thinking of ways to grow the company I decided at aged 22 to buy myself a brand new Mercedes (£34,000). I paid a £10,000 deposit and put the rest on finance. Mistake number 1. (Not the finance, buying the car!).
To be Continued.......
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