Being Self Employed -ETCG1
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- Опубліковано 11 гру 2024
- Being Self Employed can be one of the greatest things ever. It can also be one of the worst things ever. I suppose it depends on the business, your skills in doing that business, and your willingness to work hard and long to succeed. That said, for me, being self employed has been one of the greatest things ever. I've really enjoyed being self employed and hope I spend the rest of my working days doing exactly what I'm doing. I'm hoping it pays off as well. Either way, I hope this video helps spark the discussion about being self employed. If you're looking to be self employed yourself, I wish you all the best. Good luck.
Thanks for watching.
EricTheCarGuy Channel: / ericthecarguy
Intro music by Eric Cook "ETCG1 Intro".
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Stay Dirty
ETCG1
great video eric, ive been self employed as well for almost 10 years. The hardest part for me is knowing when to quit, since my office is in the house and the shop is right outside its very easy to try and sneak in some work after dinner or even till 12pm sometimes. But it also works in reverse, its hard to avoid naps when the bed is just upstairs and there is no boss telling you to get back to work;) its a fine line but well worth it!
Love being self Employed (3 years now) and will NEVER go back.Good luck with your success everyone!
You look better than 6 years ago....and it's not a compliment, it' s an observation...
You have a spark in your eyes that you didn't have 6 years ago.....think this comes with solving with some of your personal issues and familly problems...
I hope all the best for you and your familly - i'll remain your fan from shadows
Thank you.
@@ETCG1 Just beeing honest ; besides that, you're one of the best mechanics i know and a great person.....your parents should be proud of you, people like you are very hard to find! Respect !
Most of my family is self employed, and that has been since my granpas all having small/medium businesses but being always independent. I am employed now while I go to college and hate it so much. I can't wait to graduate, save money and start a business by myself and keep with the family tradition.
Great vid.
This is why I subscribe...I dont even like cars.
My girlfriend and I were talking about this subject last night.
Neither one of us could ever imagine working for someone else ever again.
It makes your life one big puzzle...and you are constantly trying to improve yourself.
I went back to a full time position from being self employed. It is the worst mistake I've ever made. I've gained weight from sitting at a desk, I don't see family or friends as often, my expenses have actually increased(Gas, Lunches, dry cleaning, etc.) which have made the transition unnecessary. I have an MBA and thought that I NEEDED to use my education because it was so expensive. I have never been happier than I was being self employed an I plan to transition back into it again before the end of the year. I will never make this mistake again. Great Video!
Kurtis Charlton maybe the problem is that your current job is not for you. Maybe there is a better job for you outhere.
I'd rather work twice as hard for myself, than work for someone else. Great vid Eric, good insights.
Eric speaks the truth in this video. I'm a self-employed musician (drummer, composer, producer). I had a 'day job' for a while after I graduated from college but now that I'm doing my own thing I will NEVER go back to working for the man. Congrats Eric for your success out on your own; you deserve it!
I have been self employed for 9 years and 9 months. When I started I gave myself 10 years to make it on my own. My shop lease is done in 5 months, and I have been flipping and flopping over whether to continue for a while. I have had both of my sons work for me, and it was the greatest experience ever. They both took the skills they learned, and have gone on to their own career paths. Once is even apprenticing to be an Automotive Service Technician!! My wife worked with me for a while, but that proved to be a real challenge for both of us. She went on to become self employed as well. When Eric says that he was way busier on his own, I think he was downplaying it a little. Being self employed consumes your whole life, and the line between personal and business disappears, especially in free-time and finances. I agree 1000% that not everyone is cut out to work for themselves. To gain something, you have to be willing to risk EVERYTHING. I have to say the risk was worth every sleepless night and empty bank account. All I can say is if you take the leap, have twice as much money sitting as you planned for to get started, and make sure you are true to yourself on what you are prepared to do. After this, now I don't ever want to go back to collecting a paycheck again!! Good Luck.
I don't know about everyone else, but I think it would be interesting if this subject became a regular segment on this channel. Keep up the great vids.
Being employed isn't all that bad, it's actually great if your employer treats you well. It's true that you clock in and out and you don't have to give a second thought to the business when you leave, and you get a couple days off a week. In fact I got off the phone with my employer telling me "you get a couple of days off, lucky you, wish I had that." And with good survival money, I can live comfortably without income for a few years, life starts to look like a game than a survival test. I think this is when the entrepreneurial spirit comes in, it does for me. It's more motivating to play a game than take a test. It's more thrilling to have no income cap based on the success of your business (or stress if it fails). I'm OK working jobs knowing I have the option to start a business when I'm ready to give the time for it.
I finished school got a degree and im working at a dealership for about 6 months now. Im trying to get as much experience i can because i really really want to work at the comfort of my own home.
Do it. You'll thank yourself.
why to work for employers who dont want to "pay you"..if you press hard they threat to fire you..its better to be "self employed"..even if you dont make enough money you can work hard and try to work things out for yourself...
love you comment about spending time with your children. I was just put in a position were I had to choose between getting my child from daycare and my job. Have a lot of thinking of being self employed and this was great timing on this video.
To me...the real difference in people being self-employed "flying on your own" and being employed "letting others fly you"......is in order to become successfully self-employed you will need a good self-motivation mindset towards the bigger picture of what you're trying to accomplish. Like you mentioned Eric, you see what you need (better tooling, camera) and you get creative and motivate yourself towards that goal.
Eric I'm one of the few that is brace enough to be self employed. I watch most of your repair videos and almost all of the ETCG1 vids. That being said I'm in a different trade then automotive. I'm a draftsman with a focus on structural steel. I worked for a company for years to get my chops and when the economy took a dive I moved onto my own thing. Your views on certain things and approaches to problems and/or ways to address a problem are striking to me how they mimic mine even in different trades. Working for others is for certain people. Some people can just not be the person that makes the hard decisions. It's not to knock that person, that's just the way it is. Some people like to drive cars and some people like to ride in cars. Until you have the opportunity to be a "driver" you will never know the freedom that it has with it. I make a fair wage. That being said I think in order to be a self employed I really think for the most part that you have to like/love your industry and or job. You have to have that passion so much that you would (and do) take jobs that you will simply not make that much money with. The biggest thing for me is the power to say no if all hell is breaking loose with a client. If you are working for somebody else the chance of telling somebody "no" can be answered with your final check being filled out. That's just one of the things that people that do not do their own thing will not and sometime can not understand. p.s. I would have posted this on your website on your forum but I just couldn't find the right place to post this.
Steve from Southern Oregon
Stay dirty!
G'day Eric love your videos... I'm not a mechanic but i have adopted your stay dirt motto, just because it's fun to fix cars. I'm a self employed draftsman, drawing house plans etc... Anything that needs to be designed / drawn.. i get out of bed at 8:00 chuck on a pair of shorts and walk 40feet to my computer where i sit for the day and work, i see my kids when ever i want.. go and do something else if i want. My hobby is car repairs are restoring my international harvester L-160.... When i first started 13 years ago i always felt like i needed to be somewhere else it didn't seem right that i was working at home. i would just say to myself no this is where i need to be... i did get bored for a while there and i went back to the work force for a few years.. i "up skilled" a bit it was an advantage going back. but i could see how good it was to work from home. i would take a pay cut reduce my rates before going back to working for someone else. the part i don't like the most is doing my own finances/ tax etc has to be done though... Can get tough when people take a long time to pay as well when you first start out. but you get used to it and manage your money.
to much work is a problem as well i don't like to put my faith in other people made 4 attempts to find people to train and employ/ hard to find anyone that's good enough for the jobs standard that you want. but i just end up doing everything myself again anyway so i found no point in employing anyone.
I'm 25 and I've never had a "real" job. No really, never.
At 16 I started scrapping metal and by 19 I was stripping cars and agricultural equipment on my spacious(not) 1/4 acre lot and doing appliance/scrap metal pick-ups as well. I also lived in a shit-can old trailer house.
I'm not quite as broke these days, but I have no money for schooling and literally no resume.
But I can afford internet service to waste what little free time I have, so there's a silver-lining...
I'm always in awe of people who start their own business and ACTUALLY succeed at it. Realize this - statistically you only have a one in five chance of making it. Oh, everyone is full of ideas - you meet these kind of people everyday; but let's see you actually pull it off. That's where you separate a winner from a dreamer.
I'd say it takes a certain kind of personality, one that goes by shear gut instincts - you can't learn this out of a book or think you know it all because you've interacted with people who are successful business people. No, you actually have to go out there and get the experience and have the hard knocks that's all part of it to learn what self-employment is really all about. I'd say if you have a good job or have some cushy government position, keep it because self-employment isn't for everybody.
Having said that, I've been self-employed in this business since Monday, July 10, 1978 - been a while. Most people are retired at this age - so I'm open to anything. I don't want to be bustin' bolts when I'm 70 years old. ThanksRod
You're a lucky guy, Eric, being self-employed while you are still young enough to enjoy the freedom it provides. I know, as you noted, that there are many challenges to being self-employed, including insurance. Many of us have thought about striking out on our own through the years... but I guess it's just too difficult to walk away from a good job, a steady paycheck, good insurance, etc. But, as some of us later found out ... all of that can be gone in a heartbeat and there we are: out on the street with no job and, in some cases, no prospects! Worst off of all are those who have spent years working at jobs that provide no marketable or transferable skills. It would be great if each of us could develop a "fall-back" set of job skills.... something to pay the bills, in the short term, while we look for our next good job!
I been self-employed scene I was 18 will never have boss again it is hard some days but not close to as asking a boss for halp
Good points all the way around, I've been self-employed for the past three and half years, in Phoenix Arizona. And you're right about the "fudgability" as I always have my work phone on me in case I have an emergency scenario Where I can make the company an extra $100 or more, even on the weekends. My wife hates it but she also understands it and I do my best to keep business separate from my personal life. Insurance is huge, and it is something that I'll have to hurdle soon but as it stands now, my wife has insurance that covers me her and the kids. BONUS! A-1st Rate Mobile Auto Phoenix...
"You're Mechanic for life"
Awesome video Eric! I have been self employed since 2003 and it has been a rollercoaster. However, I will never go back to a 9 to 5. I hear you on the health insurance issue as my wife also has a pre existing condition. Another challenge is making sure to keep Uncle Sam happy. Many self employed seem to struggle with that. If you work smarter and not harder, you will enjoy the freedom of owning your own business instead of your business owning you. Happy New Year!!!
I'm a self employed drywall contractor, abd you hit the nail on the head with this video!
As of last week I am newly self-employed. This video was motivation and enlighting.
Im really blessed to find your channel a few months ago. Your a good man with ridiculously great!!! Videos!!
I've had small 1 to 2 man show businesses, auto detailing years ago, and recently lawn service, which were worked on the side of my regular jobs. My problem is fear, fear of either doing so well, that the business grows faster than I'm able to manage, or fear that I invest all, and nothing happens! I know, it's ridiculous but that's how I feel. So now I look at is as something to work on, build and maintain in hopes to transition into full time, after I retire (if there is ever such a thing!). It's awesome that your situation allows you to spend more time with family. I currently have that now working from home. Hey btw it IS my bday, so thanks!!! Great topic. Take care Eric.
Happy Birthday. :)
Great assessment about the fear....My ex-wife used to tell me the same thing about the fear.
SidewaysInTraffic I have it too when I try sales or being something other than an employee.
Eric, I just found you on the Tube. I am a 54 year old guy that has worked at the same repair shop for 39 years "started atb 15 years of age", I have owned it for 18 years. Your channel is excellent my friend. As a shop owner, as the demand for good honest fair shops has skyrocketed, I see and here fellow owners just killing themselves with the time issue's. One thing that I have really done the last 4 years is lay the ground work for the good loyal customer's retain-age. It was about to kill me as the owner. I really believe it is a 2 way street between you and the customer. Shop owner's are so pressured "for when is my car going to be ready scenario's", as you no, it is a challenging issue. I feel their pain, it is hard not having a car to drive. I tell walk in customers daily find a shop "whether me or another" you trust and stay with them, you will chase a problem and waste a lot of dollars jumping around. I see that daily. I have been fortunate to have a very good business and clientele, there was a lot of work involved getting it to this point. I cannot stress to consumer's to find a guy you trust and have complete faith in and do not let the dollar figure scare you at the end of the day you will come out dollar's ahead. I would suggest all the shop owners get involved with a customer retain age system and your life will be easier. I am not endorsing any kind of product I do mine myself on a spreedsheet . I also have a unlisted telephone line for my top 100 or so loyal consumers to call that does wonders for my shop's phones and the customer feel 's good knowing I am a hello away. I actually still go pickup some of my customer's car's. You have to reach out to the people who have supported you for years, those are the one's that make my and our lives a bit easier. Great job my friend, your video series are great for both customers , owner's and employee's of shops. I just sent the link to all my guys. Sometimes we, the shop owner's and employee's have got to walk in the customers shoes. I also see rhe price of repairs rising tremendously, the do it yourselfer is about to completely vanish, even the local major parts retail suppliers no what is coming, their walk in sales is dropping so rapidly it is mind boggling, I read a article the last few weeks about the disappearance of the walkin customer and the issue's the AutoZones, Oreilly's and Advanced Auto Parts Erc, suppliers are facing, possibly closing almost over half their retail stores in the nexr 10 years. The industry needs some standardization put into place there are to many part and tire SKU's today. My, My, this business has changed so much, but I admit, I still love my job, employee's, and customers and I will never stop until I am forced to. Eric, again, great work keeping the perspective on both sides. May good health and happiness follow you.
I started up my own business, but I failed, and had to close soon after. I need to research my local market more too see how to draw in and keep customers. I also need to save up more money than before to purchase capital to run it better. Another good thing about running your own business is that you're the BOSS. No one orders you around. Another really good aspect of running your own business is that you set the stage for how it's run, not a CEO that's making general changes to probably make a few more bucks, but in practice, may not do so.
I have been a self-employed technician since Jan, 1990. Its a pain and I am beyond burned out on cars, but there is no way I could even hold a real job even after doing this for the first couple years. I am a one man shop, so its hard to make a living, but I don't think that I could ever deal with having employees.
ERIC, Im thrilled that your still ok and happy :-))
You are so far away from the deeply unhappy man you used to be, keep up the good work :D
Thanks for the birthday wishes Eric!!
P.S. I'm not one of those guys who ranted in the comment sections for ETCG to give a birthday shoutout.
+Davin Yap Hey its mine too...LOL Happy Birthday to you. Hope you have a great one.
Being self employed is something I could see my self doing and always wanted to to. I recently had a job at a local independent repair shop here in PA. One of the guys I worked with works 9-5 there 6 days a week, plus has his own shop he works at on his own time. And he makes great money. I've wanted to work on cars my entire life. So maybe if I go to Rosedale this year like I'm hoping for I can be in field soon. Owning my own business is something I will always consider. My dad's done it, my grand father, and all have great success.
This is what America is all about. Telling the government get out of my life, I'll manage it myself. Did you ever think about being a motavational speaker of high school kids? Not everyone should attend college. So then how would ya make a living? You would be a great example of that. I can't spell for shit, be still make a living.
Aw man, my birthday was the day after, haha! Rad video Eric! Always love the ETCG1 videos!
Brilliant thinking Eric..... That mind set is why I can relate to you. Good video, thanks
Love the video & hope to see more like it for us business savvy viewers. Touched on some great points there.
The hardest thing about being self employed is making the voices in my ahead adhere to their employment contracts... ;-D
Seriously though, it can be tough sometimes. I wish I could say I was just starting out, but really, the only thing "just starting out" is an income. Living in the oversaturated, high-cost environment that is Southern California, the challenges are tenfold what I'd expect to find anywhere else, and the harsh reality is that I'm too poor to leave.
I never had the "luxury" of working at a shop. Sure, I helped out at a friend's shop here and there, but a lot of working for myself has been figuring out what the heck is supposed to happen. Being the owner, the shop manager, the senior technician, the service writer and the maintenance guy all at the same time, it's a challenging but fun experience to learn what the customer's expectations are, and it's compounded even further by the fact that my shop is typically the customer's driveway or garage.
Having been through some rather difficult times myself (I lived on the streets for a little over a year), I long ago decided that no matter what, my focus needs to be on helping others who themselves have fallen on hard times. A majority of my customers are low income, single parents, and my approach is Honesty, Integrity and Education; something that I find is sincerely appreciated.
It's not without its sacrifices, though. Working Capital is still my biggest issue. I do sometimes have to borrow money from friends and family to complete a job, and while all my debts get paid in a (usually) timely manner, I still have to work with good local shops when something is beyond the ability of my tools. You'd once talked about quality of tools and how long they'll last. It's a nice thought, but Harbor Freight is still a godsend for me. Often, $20 is all I have for something I need, even if I have to buy it 3-4 times. I keep a bunch of metal stock on hand to make weird things that would otherwise cost hundreds of dollars. My scantool is a cellphone, a Bluetooth OBD II adapter, and a vacuum gauge. Why? It's what I have.
It all sounds pretty tough, and I won't lie: Some days, it really is. But, it's worth it. I love doing what I do. Every day is a new adventure of problem solving, creativity, and seeing someone smile when they find out the guy they called on a whim isn't interested in ripping them off. :-)
I've started my life as self employed at woodworking/furniture making, but man, it requires lots of money and time to set up a proper shop so work could go efficiently enough to make a living... I'm living in that right now, going to get a job at least to earn some money for better shop and equipment.
I've been on a long road to trying to go self-employed. I am an artist who has an industrial & graphic design degree, then a masters to teach at the college level. Of course, getting married, buying a house, fixing a house, and having to set up an entire studio with all the construction & permits take TIME, especially when money is tight (ceramics & sculpture require a huge infrastructure). However, the foundation & slab is poured and awaiting spring weather to resume "the project." This should result in a working studio that I can then resume the venture of being self-employed.
I too am self employed for about the same time as you. Love it. One thing that sucks though is the taxes. We are taxed a far higher rate that those who are not self employed. Sure, I can write stuff off but I still pay a ass load of taxes.
After being self employed almost 2 years now, as many people said I could never go back to working for other people. However now, after owning a business, I think if i was to work for someone else, I would be much more valuable To them knowing what I do now. When you understand the true costs there are to operating a business and doing work for people. The stress and risk sometimes involved, the employee, employer relationship changes drastically.
my dad has been self employed for 20 plus years now and he has taught me its always better to work for yourself than to work for someboyd else. he has let me have some of that experience by letting me run his business a few days of the week and let me tell you its the best feeling u can have. but im starting in the automotive business and I kno need to start from the bottoms by working for somebody else and from ther start building my way up til I become as or more successful than my dad.
I would have thought that this is mostly common knowledge. Having your own business is always libarating and great. Just that days off aren't really there. I'm going to open my little flea market store on Christmas day. But it pays well and I get to spend time with my family doing it.
merry christmas eric, another thought triggering and educational video.
YES, THAT TIME. Otherwise only great. Owning my own company for 6 years now.
I started my own business about 2 months ago and i dont even think i have made 500 dollars yet however i am competing with a lot of local competition and i am in school full time to be a certified diesel tech. I do mostly field service and ATVs but it it nice Being your own boss but the hard work never goes away.
Hi love your vids I to have my own business in small engine repair I to work out of my home ,and I love it ,and like you say it hard at first but it all good now .I have bine doing this for 7 yrs. thank you for all the vids
I was self employed some time back and it is great but it's a double edge sword, on the one side you make your own hours, you can turn down jobs that are too time consuming and frustrating in favor of the better high profit quick jobs, you get to have lots of freedom. But on the other side of things with that freedom comes great responsibility. You have to manage the books, manage employees, find work for them to do, try to keep them somewhat happy, dealing with highs and lows and trying to average it out and keep the doors open through it, make sure bills are paid, make sure the work environment is safe and up to code, insurance, advertising, and dealing with 1000 phone calls a day if not more. Many times it feels like there are not enough hours in the day. I think if you're going to be self employed get a partner to share the responsibility with and make sure it's someone you can trust. That is what lead to my success, and unfortunately my demise as well.
I'm starting to think I was meant to be self-employed. I've been looking for work and have been very unsuccessful. Companies are just way to picky even if Im more than qualified. And the time wasted setting up an interview, over the phone, in person, groups, just to not get the job is frustrating and time consuming. So I've been trying to network and get gigs on my own. And that is the only thing that has been holding me over. It's not much right now but I soon hope to make enough to pay my bills and be able to save. Even though I can be an introvert at times, I love the idea of meeting new people and working on your own time.
Self employed for 18 years.
As self employed, you only have to work half days and you get to choose the 12 hours ;)
Will never go back to being a corporate lemming. I left fed up with the pointy-haired bosses corps breed.
Probably every other day i wake up and think , hey stupid ,go get a real job . but once i start my day i could not be happier . You get to be your own boss ,so you get to fix things how you feel is best not how someone else wants you to do it. But a 8 hour day for your self seems to take about 12 to complete. You do not get paid sick days or vacations, but can manipulate your schedule some.But then someone calls broke down and u feel obligated to work any how. You can take time off , which was nice as i got to be at hospital with ole lady most of the time. BUT if not there there is no PAY . And seems like it takes a lot of time and effort to get rolling again. You not only have to do the work but also responsible for getting the work. I have worked half my life out of town and now love the fact i am near home most of the time . I think i could only go back to work for a small place and it would have to be a place i really liked . Have not found that yet so i will just keep rolling along as is .
"Please sir, can I have some more" with an english accent LOOL!
Depending on the country, it can be difficult to be self employed because it can be a a nightmare from the legal point of view if you want to be legit. and you do want to be legit for a very big number of reasons. therefore if you have a profession that is generally well paid, you tend to want to avoid managing the papwrrwork, taxes etc by passing this to the employer.
I was for about a year but the competition was to fierce I was doing PC repair but it got crazy and the price of computers went down alot
Thank you, it really is my Bday :D
No way, I saw being own boss, make people old before their time. I have union job and my problems stop at quiting time. I made choice was right for me
very inspiring thank you
Hey Eric! i been keeping watching your videos for years now and each video make me more sure that i should open up my own shop. and thanks for you for inspiration! im going for it! so i ask anyone with experience what ones need to open a shop ? what the minimum things ,tools needed at least to start then to grow up from there?
I been considering becoming self employed going from welding to a pressure washing business fear is what's holding me back
where is the repair video?
or ware is the repare vidio? whichever language you speak
Eric, I love your videos. They're awesome. I watch them all. Lately, this video and the timing one, you're doing a lot of jumpy cuts in the editing that are kind of jarring. Just a friendly critique. You're still my favorite youtube channel.
I believe we are conditioned to be employed. It's one of the ways corporations retain talent. I'm self employed..I do air duct cleaning and buy and sell car parts lol.
since you have worked a dealership and you own your own garage whats the better place to work for starting out, experienced mechanics pros and cons stuff like that? i think it be a good video topic
The great thing about EU and most countries in it eg.Germany,Poland or UK is that as long as you work or register unemployed your healthcare is free !
Speaking of braces, my wife worked for an Orthodontist and if you think you are being ripped off, you are. Total cost of product is only a few hundred dollars. Great form of self employment. Not that they would ever tell you the truth.
After being self employed you'll only be frustrated going back to working a job
Do you make a daily to-do list?
I have always wondered how many cars you work on a day/ week. Whats a busy week for you as far as how many cars roll through your shop? or is the etcg website your primary work? - thanks and i love the vids!
I love being self employed I entered the workforce that way and never go and be an employee
I hope to be self employed. As of yet I've never had a job though...
It is all fun and games until the bureaucracy and there agencies descend upon your enterprise.
Be very careful about your bank deposits.
Hi Eric,
what was your biggest drive to change from having a job to starting your own business?
Mike Ohri www.ericthecarguy.com/about-etcg
EricTheCarGuy hey eric idk if u have already but u should talk about cars being stolen I recently had my nissan truck stolen :/
being self employed in a place where u are lucky to even have a job is useless. i'd rather work for the man and actually have a weekly or bi-weekly paycheck i can count on than to work for family who claim self employment, but yet struggle to make it through every winter. but when u have the rep of someone who does things on their own dollar, people out here concider u a liability to have working for them.
Etcg1 sir seans u show us all how to fix can n talk about a lot of other stuff do you think you can show us how we can make money on UA-cam
I am self employed, and while I don't agree with every thing Obama does his health care deal Saved my life. For a self employed person its the best ever!
I'm quitting in January to start on my own!
Congratulations Karo! Smart Move! :)
Thanks
Good luck and get ready for a culture shock!
Looking forward!
Hi Karo! I just received your message; thank you so much, you are the nicest person ever! :) Happy New Year my dear friend!
I'm good at doing, not good at selling.
put back the full intro wtf
Gordon Freeman?
Eric this isn't a repair video wtf
This isnt a repair video!!???!??!?!?!?
look ma'' no hands.......
Well, it's really my birthday.
+YSDQ It's mine too..LOL. Happy Birthday to you. Hope you have a great one!
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