I'm retired :woot:
08-20-2007, 06:41 AM
#1
dɐɹɔ ǝɥʇ ʇɐɥʍ
Thread Starter
I'm retired :woot:
Its true, I sold one of my businesses and no longer have to deal with a regular job ever again. I sold the tireshop, I won't have the $$$ until tomorrow, and I have to go in for about an hour today, but that is just to verify inventory, my last day was on Friday. Needless to say I am quite happy. I am still going to work, but not much, probably about 5 hours a week and to me my new "work" will not be a job.
The whole process has been going on for about 2 years and at times it seemed like this was NEVER going to happen, I don't think its really sank in yet.
The whole process has been going on for about 2 years and at times it seemed like this was NEVER going to happen, I don't think its really sank in yet.
08-20-2007, 07:23 AM
#3
Go Giants
Welcome to the club 
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08-20-2007, 11:32 AM
#11
dɐɹɔ ǝɥʇ ʇɐɥʍ
Thread Starter
Thanks everyone, its so hard for me to really grasp, I've worked at this business for the last 13 years, many long grueling hours and now I don't... its very hard for me to fully understand.
lotustracker - it was Kinderhook Tire & Auto, it now is Mavis Discount Tire. Does Dave McCall still own, Dave's Tire Warehouse. My father had some interesting dealings with him about 20 years ago, crafty guys for sure!
CGTAX2004 - Property development, I've been doing it in my "free time" for the last few years and is so much fun I don't consider it work. I also have the luxury to ignore a project I am not in love with, only work with those I want to and never deal with a bank unless they make it worth my time. The bank we were dealing with at the tire shop waved over $50k in fees at closing in order to be "considered" for lending money for our next project.
hornyleprechaun - no sugga momma yet, but if you know any point them my direction
Scottman111 - I am down to one business left and plan to keep it until I get bored or make it worth so much I have no choice but to sell(which may happen because I have a lot of revolutionary ideas... or so I am told).
I have a large(mid 8 figure) project in the works and will stay up here until that is under way, at which point I am looking to head to North Carolina, though I will probably keep a place up here due to the network I have in this area, its just too hard to walk away from completely. Though not dealing with snow surely won't upset me
lotustracker - it was Kinderhook Tire & Auto, it now is Mavis Discount Tire. Does Dave McCall still own, Dave's Tire Warehouse. My father had some interesting dealings with him about 20 years ago, crafty guys for sure!
CGTAX2004 - Property development, I've been doing it in my "free time" for the last few years and is so much fun I don't consider it work. I also have the luxury to ignore a project I am not in love with, only work with those I want to and never deal with a bank unless they make it worth my time. The bank we were dealing with at the tire shop waved over $50k in fees at closing in order to be "considered" for lending money for our next project.
hornyleprechaun - no sugga momma yet, but if you know any point them my direction
Scottman111 - I am down to one business left and plan to keep it until I get bored or make it worth so much I have no choice but to sell(which may happen because I have a lot of revolutionary ideas... or so I am told).
I have a large(mid 8 figure) project in the works and will stay up here until that is under way, at which point I am looking to head to North Carolina, though I will probably keep a place up here due to the network I have in this area, its just too hard to walk away from completely. Though not dealing with snow surely won't upset me
08-20-2007, 12:29 PM
#13
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Originally Posted by Tireguy
lotustracker - it was Kinderhook Tire & Auto, it now is Mavis Discount Tire. Does Dave McCall still own, Dave's Tire Warehouse. My father had some interesting dealings with him about 20 years ago, crafty guys for sure!
Yes he still owns it and his father is an interesting fellow.
08-20-2007, 12:31 PM
#14
Senior Moderator
Congrats! 
And dammit, I hate you!
And dammit, I hate you!
08-20-2007, 12:45 PM
#16
<-- jealous
Congrats to you !
Congrats to you !
08-20-2007, 01:01 PM
#18
Team Owner
Nice, I still have many years to go. 
08-20-2007, 02:31 PM
#20
Go Giants
Originally Posted by Fibonacci
Congrats - but seriously, what are you gonna do for the rest of your life?
A life of leisure gets boring after a while, imo.
A life of leisure gets boring after a while, imo.
08-20-2007, 02:52 PM
#21
I feel the need...
Whiskers, we're not talking about kept husbands. :wink:
From my experience, entreprenuers have a natural instinct to wheel and deal - it's in their DNA. To walk away at age 26 doesn't fit the mold.
From my experience, entreprenuers have a natural instinct to wheel and deal - it's in their DNA. To walk away at age 26 doesn't fit the mold.
08-20-2007, 02:54 PM
#22
The sizzle in the Steak
08-20-2007, 04:22 PM
#23
dɐɹɔ ǝɥʇ ʇɐɥʍ
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Originally Posted by Fibonacci
Congrats - but seriously, what are you gonna do for the rest of your life?
A life of leisure gets boring after a while, imo.
A life of leisure gets boring after a while, imo.
I have the property development thing, and that will remain something to do, something I can, in my eyes, perfect. But who knows how long I will be interested in it, I have been so focused for so long and put my life on hold for as long as I can remember that I really need to do some living before I put any serious thought into what's my next challenge. After this large project I have going completed I will have enough money to do anything I can dream of for the rest of my days, thats when I will really have to put my thinking cap and decide how I'm going to leave my mark. I see a lot of unusual travel happening in the next ten years, and a life with little to no regret.
I'd gladly sacrafice the last ten years of my life for absolute happiness for the previous 40, instead of the traditional golden years being a diastaster and you never get to do what you want to - I think we've all seen it happen.
As for not fitting the mold, thats been the story of my life, I was always told I was going to fail, never make anything of myself and my ideas were dreams at best. I've had a short life so far of proving people wrong and going against the grain with no intention of stopping now, I do have a feeling the wealthy of tomorrow will be VERY different from the wealthy of today. For example I think Richard Branson will be more typical of the wealthy in the future instead of Warren Buffet. While I love Warren Buffet and think he is a genius in his own right, lets face it, he is very boring. Same can be said of Bill Gates, Steve Ballmer, Paul Allen and most of the American billionaires. Short of building huge homes, boats and donating more then anyone before, they live very "normal" lives. Some of my peers are in similar situations as me and they are going to be busier living life as they see fit then trying to fit the mold of what's expected of them.
08-20-2007, 04:33 PM
#24
I feel the need...
Originally Posted by Tireguy
As for not fitting the mold, thats been the story of my life, I was always told I was going to fail, never make anything of myself and my ideas were dreams at best. I've had a short life so far of proving people wrong and going against the grain with no intention of stopping now, I do have a feeling the wealthy of tomorrow will be VERY different from the wealthy of today.
I like your style.Coming from a kid who came from the school of hard knocks, is self-made and appreciates the effort it takes to learn and accomplish - I totally agree with you.
I'd gladly sacrafice the last ten years of my life for absolute happiness for the previous 40, instead of the traditional golden years being a diastaster and you never get to do what you want to - I think we've all seen it happen.
We don't buy into the bling-bling culture. Do we have some nice things? Sure. But it doesn't define who we are, nor do we allow others to define who we are. In a nutshell, we are very comfortable in our own skin -- No need to be a pretender.
Money to us represents time. Time to do what we want to do, not what we have to do.
08-22-2007, 01:55 PM
#26
Originally Posted by Tireguy
Scottman111 - I am down to one business left and plan to keep it until I get bored or make it worth so much I have no choice but to sell(which may happen because I have a lot of revolutionary ideas... or so I am told).
Awesome! Keep us updated, it's always good to hear stories like this.
And watch out for gold diggers
10-02-2007, 10:05 PM
#29
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I might ve missed the previous post, but still curious. How much did you walk away with? Spill the beans champ. You don't have to be exact if you don't want to but providing a range would be cool.
10-03-2007, 12:37 AM
#30
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1) Congratulations - that's a great thing to have accomplished in general & you should be very proud of having done it for yourself.
2) How old are you? I see your age says 26, but you said you've been working hard for 13 years - don't know a lot of 13yo tire shop entrepreneurs. I'm not asking b/c I don't believe you - I'm asking b/c I find retirement & retirement age a fascinating topic.
3) Sounds you need a good tax accountant/accounting firm. Let me know if you'll let me talk to you about that at any point.
2) How old are you? I see your age says 26, but you said you've been working hard for 13 years - don't know a lot of 13yo tire shop entrepreneurs. I'm not asking b/c I don't believe you - I'm asking b/c I find retirement & retirement age a fascinating topic.
3) Sounds you need a good tax accountant/accounting firm. Let me know if you'll let me talk to you about that at any point.
, but 29 prolly ain't happnin'
10-03-2007, 08:12 AM
#34
dɐɹɔ ǝɥʇ ʇɐɥʍ
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Originally Posted by BigPimp
I might ve missed the previous post, but still curious. How much did you walk away with? Spill the beans champ. You don't have to be exact if you don't want to but providing a range would be cool.
10-03-2007, 08:14 AM
#36
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Originally Posted by revitupwriteitoff
1) Congratulations - that's a great thing to have accomplished in general & you should be very proud of having done it for yourself.
2) How old are you? I see your age says 26, but you said you've been working hard for 13 years - don't know a lot of 13yo tire shop entrepreneurs. I'm not asking b/c I don't believe you - I'm asking b/c I find retirement & retirement age a fascinating topic.
3) Sounds you need a good tax accountant/accounting firm. Let me know if you'll let me talk to you about that at any point.
2) How old are you? I see your age says 26, but you said you've been working hard for 13 years - don't know a lot of 13yo tire shop entrepreneurs. I'm not asking b/c I don't believe you - I'm asking b/c I find retirement & retirement age a fascinating topic.
3) Sounds you need a good tax accountant/accounting firm. Let me know if you'll let me talk to you about that at any point.
2) https://acurazine.com/forums/showpos...7&postcount=28 that should explain everything with out me retyping it
3) I currently have a great accountant, she works very well as part of our team, however, she has mentioned possibly retiring, so I'll be sure to talk to you if/when I need to make a switch.
10-03-2007, 08:22 AM
#37
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Originally Posted by Tireguy
1) Thank you
2) https://acurazine.com/forums/showpos...7&postcount=28 that should explain everything with out me retyping it
3) I currently have a great accountant, she works very well as part of our team, however, she has mentioned possibly retiring, so I'll be sure to talk to you if/when I need to make a switch.
2) https://acurazine.com/forums/showpos...7&postcount=28 that should explain everything with out me retyping it
3) I currently have a great accountant, she works very well as part of our team, however, she has mentioned possibly retiring, so I'll be sure to talk to you if/when I need to make a switch.
2) Consider it explained
Glad to hear you've learned how to be successful though hard work - seems like that's becoming more and more rare.3) Sounds good - I'm never looking to take business from someone unless the client is already looking to/thinking about moving. I'll be around.
10-03-2007, 08:59 AM
#39
dɐɹɔ ǝɥʇ ʇɐɥʍ
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Originally Posted by LotusTracker
Shut up an buy a lotus already.
Its happening Dec-Feb after the 08s come out, I will buy an 06 in the off season, I am very patient
