Now that is as boring a topic as one can pick. Oh, but if only you knew how powerful it truly is.
When you are able to find and sustain this elusive discipline, your potential (especially financially speaking) is actually limitless. Manny and I are fully aware that many of our friends (and family members) not only think we’re crazy, but even feel sorry for us. Because we are choosing to be content with where we are now. Only WE can see where we’re headed, for those around us it’s just plain sad.
Linoleum floors, tiny house, ugly carpet and 1950’s cabinets. Oh the sacrifice! The shame of renting in a land of homeowners who clearly feel they deserve to own (even if the payments are well over 33% of their take home income) can become overwhelming. But only if you lose sight of the “WHY” (more on that on my next post).
Our business decisions are ruled by the same guideline and have garnered much the same reaction. Why wouldn’t you finance the purchase of a much larger practice that would bring in so much more in revenues and profits!? Why limit the size of your purchase to how much cash you have on hand? Because we want slow, steady, DEBT FREE, consistent growth. We put the safety of our future and the future of our team members before any potential fast pass. And more than anything, we are keenly aware of the fact that our clients, and how we are able to serve them, dictate the future strength of our company. NOT how fast we start and grow. Cash on hand and no debt will ensure that our business, our team members, our clients and our family will survive the next economic downturn. And not just survive, but thrive.