Peter2
Fastane Legend. RIP.
To answer your questions about why it's taking so long. With my business my niche market is young proffessionals. Many aren't mature enough to understand the importance of the work I do. Within a couple of years these people will be ripe for the pickin's as they start families, etc.
As far as hiring people sooner and buying a second property sooner, my current cashflow is keeping that at a slow pace. I just don't want to be in a position where I've got a bunch of people hired and not be able to pay them on a slow month. I'm trying to build up enough reserves where I've got somethign to fall back on if a really bad month happens.
Are you telling me that in the city/town you live in everyone stopped having children during a period of 10 years, and that's the reason that there are no people fitting your demographics? The demographics where you live will not change significantly in the next couple of years.
Your current cashflow is keeping you from expanding your business and increasing your real estate holdings. Guess what? Ten years from now you will be saying the same thing.
In order for you to be successful, you have to change your thinking. The time will never be right for anything in life, but if you wait for all the lights to turn green before you are heading to town, you will be staying home the rest of your life.
I'm pretty sure I know why you are setting your goals so far out in the future. You are terrified of failing. You are 28 years old with no dependents and pretty much no assets. You have NOTHING to lose. Change your thinking, and start taking action TODAY. There is no such thing as failure, just results that you did not intend to get. If you fall, you can get up again. There is no such thing as three strikes and you are out in life. You can try, try and try UNTIL you succeed.
Get in the FASTLANE. !!!! :fastlane:
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