I want to buy a plane by year-end but they're not making it easy.

"C Kingsbury" wrote in message
ink.net...

"Matt Barrow" wrote in message
...

I've been working on starting my own company for quite some time now, and
about a month ago I sold my "nice" car and traded down to a very modest
little 2-door ford coupe to get rid of my monthly payments and extract
some
equity as the car was worth more than I owed on it. When I bought the car
it
had been my sign of arrival, that I finally was doing well enough to not
worry about every little bit. As I watched it drive away, I said, "well,
in
a year or so when the business starts to hum I'll get that Audi
convertible
I really want."

Sounds like the way I started. I got laid off from one of the big home
builders, and decided to go off on my own. My wife and I unloaded a bunch of
assets to cut expenses and have enough leverage to get capital to build four
houses. When they sold, we were sitting on some nice cash profits, but used
it and built ten more. Then again, did fourteen more. We did 30 in the first
two years.

After four years, I was doing 35-40 a year, bought a B36TC for cash, a Q45
for my wife (who had one before we unloaded it to start the company). We
did 57 homes in 2004, our sixth year.


Funny thing is, now that I've been driving my 1998 Escort around for a
month, I'm saying, "geez, this ain't so bad. Maybe I'll get the Chrysler
instead of the Audi and save the money for the plane/boat/condo."

Or the second home some where for summer/winter getaways. :~)


It's sometimes funny how skimping regularly on the little things can in
time
add up to enough to pay for the big ones. Living in a high-cost city does
not make this easy...

That's why I live in the booming metropolis of Montrose (pop. 13,800).

Okay...that and the fact the area is stunning in it's beauty.


--
Matt
---------------------
Matthew W. Barrow
Site-Fill Homes, LLC.
Montrose, CO