Out with The New, In with The Old

Those two cars are mine. Well, technically one is. The other one is owned by the banks. And here’s the issue: I’m trying to bring my expenses down and place more financial focus on the business. And maybe, just maybe, being broke has a little to do with it too. The truth, one of them has to go.

“One surefire way to determine if a bootstrapper is going to succeed or not is to check out how she changes her lifestyle when she starts the business.” The Bootstrapper’s Bible.

For months, I’ve been strategizing for this moment. I think it’s finally going to happen this weekend. The new 2012 Hyundai Elantra is detaching itself from the Molina Family. For too long we’ve suffered and been tormented by the dealer’s devilish lease. I’m done. Convinced. And sold to Car Max!

Look at this simple math. My car expenses for the last two years. Does this really read like a wise investment?

I’ve paid close to 12K for an item I won’t keep towards the end. Argue all you want, but I just don’t see the benefit of having this. I fought for months with the dealer. Why do I need to pay off a car I’m practically renting? Why are you persuading me to get in to another “cheaper” title? Why do you want me in debt? Why don’t you let me walk out the door without first hearing your silly offers? Stop insulting my ’93 Nissan Legend!

It’s true. The borrower is slave to the lender. Another Proverb gold nugget.

I’m at peace. Sure, I’m prone to car failure. But who isn’t? This is why we build an emergency fund.

 “An entrepreneur is trying to build something bigger than himself. She takes calculated risk and focuses on growth.” The Bootstrapper’s Bible.

I believe an entrepreneur or any human being in efforts of leaving a legacy will live like no one else today, to later live like no one else tomorrow. You bet there’s a plan. This is not forever. I will rise. I will profit. But first things first, we gots to hustle.

10 Replies to “Out with The New, In with The Old”

  1. In 12 months I’ll have my 2003 Toyota paid off and I’ll finally own it. Got it 2 years ago on a 4 year loan and I’m paying extra on it each month to pay it off a year early. I actually will be saving more money than the 3 year loan they offered me. WIN!

    Once it’s paid off I’ll be able to put that $250 a month in my pocket instead of someone else’s. Save up for a future home and other important investments.

    I’ll be driving my Toyota Matrix until it dies! haha.

    1. Right! That’s a win. If you have no current debt, aside from that, tormenting you –Pay it off! and quick! Get out of the rat race.

      Ah man, with $250 you have so much buying power! Home, retirement, and business. That’s 3k a year. 12k in four. Imagine placing that money in an account with compound interest?

      Niicceeee.

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