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Nov. 22nd, 2011
(no subject)
Nov. 22nd, 2011 05:26 pmExcellent post on anger and compassion: http://belenen.livejournal.com/501796.html?view=6896676#t6896676
Writer's Block: Occupy Wall-et
Nov. 22nd, 2011 06:00 pm[Error: unknown template qotd]
$5312.13
This year has brought me many valuable lessons, one of which has been about small business finance. Small business finance is really, really tricky, and managing a small business without debt is difficult! We've discovered that it's tremendously important to keep Michael's business accounts stocked with plenty of cash, because at least one of them requires that he be able to cover a wide range of funeral expenses before he is paid. It's also important to think well in advance about every possible business expense that might come up on an annual basis, and to plan for all items that require a significant one-time up-front expenditure.
We were wise enough to set aside tax money as he earned income, but we did not think carefully enough about the wide range of business expenses that he would encounter. Our current goal is to pay off this debt by the end of the year using the same strategies we used to pay down our personal expenses, and we are well on our way towards doing so.
I hate being in debt, but there's one thing I hate even worse than being in debt, and that's being ashamed about it. Shame is toxic, paralyzing, and usually gets in the way of problem solving---at least it does for me---and I fear it even more than the things that usually invoke it.
The best weapon I wield against shame is transparency, and thus you get to hear exactly how much I owe, down to the penny. 'Cause there ain't anything in this world that I will allow to limit my power---much less shame about money.
My favorite observation about money shame comes from Dave Ramsey:
"If you've made mistakes with money, you know what that means? You're over twelve."
I will check in again later, when this debt is paid off.
$5312.13
This year has brought me many valuable lessons, one of which has been about small business finance. Small business finance is really, really tricky, and managing a small business without debt is difficult! We've discovered that it's tremendously important to keep Michael's business accounts stocked with plenty of cash, because at least one of them requires that he be able to cover a wide range of funeral expenses before he is paid. It's also important to think well in advance about every possible business expense that might come up on an annual basis, and to plan for all items that require a significant one-time up-front expenditure.
We were wise enough to set aside tax money as he earned income, but we did not think carefully enough about the wide range of business expenses that he would encounter. Our current goal is to pay off this debt by the end of the year using the same strategies we used to pay down our personal expenses, and we are well on our way towards doing so.
I hate being in debt, but there's one thing I hate even worse than being in debt, and that's being ashamed about it. Shame is toxic, paralyzing, and usually gets in the way of problem solving---at least it does for me---and I fear it even more than the things that usually invoke it.
The best weapon I wield against shame is transparency, and thus you get to hear exactly how much I owe, down to the penny. 'Cause there ain't anything in this world that I will allow to limit my power---much less shame about money.
My favorite observation about money shame comes from Dave Ramsey:
"If you've made mistakes with money, you know what that means? You're over twelve."
I will check in again later, when this debt is paid off.
(no subject)
Nov. 22nd, 2011 08:09 pmI'm heading to my parent's home tomorrow. If I'm not back in three days and three nights six days and five nights, send someone to Enki with a nail file to plead my case.