Here goes....deep breath
So I'm going on year ten of selling on Amazon and selling online in general. Last year, I made some mistakes with a supplier and let's just say I spent more than I made. This has caused a rather sizeable credit card bill. Now I'm a one man operation so the sales from Amazon and other eCommerce sources are steady and consistent. Thing is they will never put sizeable dents into the balance. It hasn't gotten worse by any means since the bad decision, but it's a slow moving turtle.
My wife and I are the perfect example of what you call living in relative poverty. We live in an expensive area of the US and made very modest salaries and "on paper" we have a nice financial foundation. However, the liquid aspect creates us to be tight more often than not.
This looming balance keeps me up at night and I know I'm responsible for it however, I cannot think of any ways to attack this than I have been. I rather not take from what we have wrapped up but sometimes my mind crosses that option.
I would really like to get some advice from those financially savvy individuals out there and see what suggestions you may have.
It's the elephant in our house but I'm willing to take it head on.
Thank you for your time and advice.
So I'm going on year ten of selling on Amazon and selling online in general. Last year, I made some mistakes with a supplier and let's just say I spent more than I made. This has caused a rather sizeable credit card bill. Now I'm a one man operation so the sales from Amazon and other eCommerce sources are steady and consistent. Thing is they will never put sizeable dents into the balance. It hasn't gotten worse by any means since the bad decision, but it's a slow moving turtle.
My wife and I are the perfect example of what you call living in relative poverty. We live in an expensive area of the US and made very modest salaries and "on paper" we have a nice financial foundation. However, the liquid aspect creates us to be tight more often than not.
This looming balance keeps me up at night and I know I'm responsible for it however, I cannot think of any ways to attack this than I have been. I rather not take from what we have wrapped up but sometimes my mind crosses that option.
I would really like to get some advice from those financially savvy individuals out there and see what suggestions you may have.
It's the elephant in our house but I'm willing to take it head on.
Thank you for your time and advice.
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