Living in a Closet & Driving a Civic with $1M Cash in the Bank
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- Опубліковано 17 кві 2024
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Listen to this on the drive to my second job and it just got me really fired up for my day. Thank you for the content!
Thank you for sharing this 🙏 I showed this to my wife so she could understand why we don’t pull money from the business. Why we live so cheap even though we have money. Seriously just helped her understand what I’m doing. Thank you for validating me!
Huge respect for doing that. I lived in my van for a few months working on an orchard to get ahead a bit. Was £30 a week and we had a kitchen, toilet and shower. Ive never had trouble being frugal, meant ive never beenmin debt until recently getitng a mortgage.
You live only once, you won't take the money 2 ur grave. You work hard , u spend hard. You must enjoy your life. One thing that money will not buy you is Time. This is why you must enjoy your life while you are younger.
Being frugal is essential! I started my business using my pension i had. I didn't go out and spend a fortune on tools, i bought secondhand initially and gradually bought a better hedge trimmer etc. Eventually got a backup for each tool and allocated seperate accounts for tools, health, car, tool maintenance etc.
Im in my second year gardening and know i could grow my business but im going to ease my way into getting employees. I figure after a few years, the customers who return each year for their hedge cutting will have grown and i can then safely go about getting other work and allocating jobs to an employee. Im thinking part time initally so i get a feel for managing them. I'm still unsure about getting other people involved yet as it can create a lot of issues. A decent wage would always help to combat that a lot of the time
There is a good book to read “the lean entrepreneur” 2-3 times to understand and every 6 months to refresh
Thanks for the info last week was my 50 birthday
No longer a youngster according to Mikey
Mike w the great content as usual! love this dude!
Good stuff Mike appreciate it.
Grade A++ material!
Man I love this!
Lol I was homeless watching him in a dingy white T saying to myself, hell I'll learn from anyone. Now I'm landing 10k maintenance packages for multi million estates own by bronco coaches, ex Disney ceos, major bank ceos and more. Life's amazing when you give it your all and believe anything is possible.
Preach BROTHER 🙏
This shows you need to be obsessed with the potential of your life. That closet lifestyle is something else 😮
Yes, but Mike has never lived in a closet, Only sleep in one. Because of faster setup and safer.
Mike God Bless don't forget its not all about wealth Put The Lord first. Don't work so much you don't have time for God
God worked pretty hardcore for 6 days and built the universe before he took the 7th day off. We are still benefiting from the work he put in. If you believe “God is with me” it doesn’t take a long time to get in touch with him. He isn’t a long distance call away.
@@HomeServiceMillionaire
Amen brother
Did you see the inside of the closet? Ask Mike to show one. I have seen it. What he decided to decorate the walls with Amazing !
I was just thinking about this two hours ago how he was living on the closet
Hey Mike, as a person who owns a Pest control and landscaping company in North Carolina and expanding because it’s growing very rapid, do you have a certain calculation of how much cash you want to keep on hand at all times? I am very believer and cash on hand and not taking out debt so we’ve grown it organically and want to continue to do so to prove that it is a proven model just takes a little bit more time.
Take a blended three months average of revenue or you could do 10% of yearly gross of cash on hand at all times.
So if you average 50k per month in rev, keep 1 months cash in the bank. General rule of course.
Sacrifice > regret !!
Algorithm
Your not really living in a closet Mike, You only sleep in a Closet and have/had a whole gym and office building to work in. It is not the same.
Lets please try to be truthful and see the world for what it truly is. If you can not do this, people will not trust you. You will start appearing delusional. This is the fastest way to lose trust. Politicians do this all the time.
You do make great points, No reasons to lessen the subject matter by telling white lie or building up the story.
I hope this helps you in do time Brother.
You’re welcome to come spend a night in the closet ✅ not joking 👍🏻 the bed is still there and occasionally I stay there
You will find there is not hot water and going to a public gym for every shower when all the members know you’re the owner isn’t super awesome 😄
@@HomeServiceMillionaire I do appreciate the invite. I might take you up on this, Only to get to know you better :-) and have some fun.
I do not want to compare hard times, because the info you have is Great stuff!
I will let you know I started in the hills of West Virginia in a place and time you had to grow your own food or you would starve, I was always hungry and started hunting at age four for this reason.
You could log or go into the mines for some $$. I watched my Great Grandfather die of Black-lung. I picked logging.
This is how I ended up in the Pacific Northwest, in the middle of winter, logging in wetlands with water up to my Kiwi's, from Sun-up to Sun-set, in the pouring down rain. I would sleep in the cab of my truck, socking wet, because I was to tired to drive home just to take a shower and try to get back in time to start cutting timber, when the Sun came up.
Then I thought OTR trucking MUST! be more easy than logging, 😳Boy was I in for a surprise. Turns out that living in a coffin sleeper, eating fast food all the time and driving 48 hours then sleeping 2 hours then driving 40 hours sleeping a hour or two for 3 months at a time, just to go home and pay the bills for a day or two and right back on the road again, is just as hard as logging. Who knew? Lol
I could go on and tell you what it is like to clear high voltage powerline at age twelve in Montana and watching my brother get zapped buy 50 thousand volts and all the blood, from men getting hurt and not going back home.
But this is not the point. The point is this. Because of guys like you Mike, other young men/ladies do not have to go threw the hard times myself and the Old-Timers had to go threw. ( Don't even get me started on their story's. But I think most of them are true. Not the type of men to lie.)
I am VERY! happy to see everything getting better and people working smarter. I think this is all great stuff.
I did not have it harder then the generations before me and the generation after me, had it better than me. This is the whole point, I think. Knowing how to make life better for yourself and the next generation.
You are, in a way, a pioneer in helping people work safer, faster and smarter.
This is what truly empresses me.
So, Thank You Mike.... I hope you never stop, Getting better everyday.