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Old May 12th, 2008 -   #5 (permalink)
prometheus
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Default Re: Taking the Plunge

The ecominy being bad is a politcal threat. If it was so bad, where did people find $100 mil to go see Ironman? That's not including (expensive) gas money to drive there and back, and any other expense. Money is relative and so is poverty. I see this every day. People complaining about the economy while buying new cars, big screen TV's, etc.

That being said, one of the important questions you have to ask yourself is: do we have the drive? If so, then it may be worth it to take the plunge. If not, don't, it will only make a tough situation worse. Look at anything that bothers you now and amplify it by ten or even a hundred. Even if your business is good now, it can get worse later. You have to have the drive to plow through the crap and bad times to get to the better times. If you have a payment due and no jobs coming in, are you going to go make some money or are you going to go at each other's throats? Are you the kind of person that blames others for where you are, or says "I can get out of this mess"? Is his stressful 60 hour a week day job worse than a no money a day self employed gig? Personally, I would wait. See how things go. Try and find creative ways to get new jobs, without having to rely on another car. And then see how things are down the road.
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