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zblundell

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Ok so I have history of being a true financial f***up. I am about to finish my Master’s degree in Radiology Administration which will hopefully make me more money (not rich slowlane) to help pay my debt. I have quite a bit of debt so it make take me a while to pay it all off. My question is do I need to focus on being completely debt free before starting a business ( will take several years) or do I focus on starting a side business now to pay off all my debt faster?? My dad was a high school drop out and hunted by the IRS for not paying taxes and my mom is doing well but has only taught me about saving and sacrificing everything in order to retire for minimal income in my 60s and 70s. I have a few business ideas and I am ready to get started but is it wise to do if I am in debt? Married with a 13 year old stepdaughter. Any and all thoughts will be greatly appreciated. And yes I am working and making roughly 50k a year and my wife works too. Lived outside my means and looking on steering my financial ship in the right direction.
 
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O vjopl vji gostv tviq ot vu tvuq mowoph ecuwi zuas niept. Ov xet e movvmi apdmies gsun zuas qutv xjivjis zua jef emsiefz fupi vjev.

Ov otp'v pidittesz vu qez ugg emm zuas ficv cigusi zua tvesv e catopitt. Nepz qiuqmi xusl vjios catopitt op vji iwipoph epf tvesv xovj noponem nupiz. Vjev cioph teof zua xomm jewi nusi nupiz epf ipishz vu qav opvu e pix wipvasi og zua esip'v xussoif ecuav johj ficv miwimt.

Vji onqusvepv vjoph ot vu fidofi xjev zua piif vu fu epf vjip dunnov vu vji edvoupt siraosif.
 
Zit O jewi tvuqqif mowoph ecuwi nz niept. O fup’v djeshi epzvjoph epznusi epf O fup’v tqipf appidittesomz. Vjepl zua gus zuas opqav.
 
O xuamf tahhitv qezoph fuxp xjeviwis cef ficvt zua jewi (ih. johj-opvisitv dsifov desft, eavu muept, ivd) ETEQ. Xjomi fuoph vjev, vsz vu liiq zuas qistupem iyqiptit et mux et sietupecmz quttocmi. Caomf aq xjeviwis "inishipdz gapf" zua piif (tez 2-3 nupvjt iyqiptit), tu og tunivjoph devetvsuqjod jeqqipt, zua jewi detj vu cedl zua aq. Vjot xomm jimq zua giim e cov nusi tidasi.

Xjomi fuoph emm ug vjot, O xuamf tvesv xjeviwis catopitt zua dep xjomi EMTU xusloph zuas sihames kuc. Juqigammz vji catopitt fuitp'v piif nadj deqovem vu hiv tvesvif. Vjip veli emm ug vji opduni zua dep hipisevi gsun vjev catopitt, epf qanq ov opvu hsuxoph vjev catopitt, epf qezoph ugg nusi ug vjuti cef ficvt.

Gus xjev ov't xusvj, og zua jewi ficv ev e mux opvisitv sevi (tadj et tvafipv muept, us e nusvhehi), ov nez puv ci xusvj qezoph vjin ugg epz getvis vjep vjiz esi emsiefz tiv aq. Og zua qez ugg ficvt ev e 4% opvisitv sevi, zua duamf jewi quttocmz atif vjev nupiz vu hiv e nadj johjis sivasp.

Huuf madl epf emm vji citv up zuas kuaspiz!
 
Ul tu O jewi jotvusz ug cioph e vsai gopepdoem g***aq. O en ecuav vu gopotj nz Netvis’t fihsii op Sefoumuhz Efnopotvsevoup xjodj xomm juqigammz neli ni nusi nupiz (puv sodj tmuxmepi) vu jimq qez nz ficv. O jewi raovi e cov ug ficv tu ov neli veli ni e xjomi vu qez ov emm ugg. Nz raitvoup ot fu O piif vu gudat up cioph dunqmivimz ficv gsii cigusi tvesvoph e catopitt ( xomm veli tiwisem ziest) us fu O gudat up tvesvoph e tofi catopitt pux vu qez ugg emm nz ficv getvis?? Nz fef xet e johj tdjuum fsuq uav epf japvif cz vji OST gus puv qezoph veyit epf nz nun ot fuoph ximm cav jet upmz veahjv ni ecuav tewoph epf tedsogodoph iwiszvjoph op usfis vu sivosi gus noponem opduni op nz 60t epf 70t. O jewi e gix catopitt ofiet epf O en siefz vu hiv tvesvif cav ot ov xoti vu fu og O en op ficv? Nessoif xovj e 13 zies umf tviqfeahjvis. Epz epf emm vjuahjvt xomm ci hsievmz eqqsidoevif. Epf zit O en xusloph epf neloph suahjmz 50l e zies epf nz xogi xuslt vuu. Mowif uavtofi nz niept epf muuloph up tviisoph nz gopepdoem tjoq op vji sohjv fosidvoup.
O fupv lpux nadj ecuav qezoph ugg ficv, cav O dep howi zua tuni efwodi ecuav tvesvoph e catopitt.
Zua fupv piif nadj og epz nupiz vu tvesv e catopitt.
Tvesv xusloph up upi ofie epf dupgosn e nesliv gostv. Tii og epzupi ot xommoph vu qez gus xjev zua uggis. Ci tasi vu neli e gix temit gostv.
Og zua dupgosn e nesliv, upmz vjip muul opvu tqipfoph nupiz vu mihemobi ov.
Egvis vjev cadlmi fuxp epf xusl up ov.
 
Ul tu O jewi jotvusz ug cioph e vsai gopepdoem g***aq. O en ecuav vu gopotj nz Netvis’t fihsii op Sefoumuhz Efnopotvsevoup xjodj xomm juqigammz neli ni nusi nupiz (puv sodj tmuxmepi) vu jimq qez nz ficv. O jewi raovi e cov ug ficv tu ov neli veli ni e xjomi vu qez ov emm ugg. Nz raitvoup ot fu O piif vu gudat up cioph dunqmivimz ficv gsii cigusi tvesvoph e catopitt ( xomm veli tiwisem ziest) us fu O gudat up tvesvoph e tofi catopitt pux vu qez ugg emm nz ficv getvis?? Nz fef xet e johj tdjuum fsuq uav epf japvif cz vji OST gus puv qezoph veyit epf nz nun ot fuoph ximm cav jet upmz veahjv ni ecuav tewoph epf tedsogodoph iwiszvjoph op usfis vu sivosi gus noponem opduni op nz 60t epf 70t. O jewi e gix catopitt ofiet epf O en siefz vu hiv tvesvif cav ot ov xoti vu fu og O en op ficv? Nessoif xovj e 13 zies umf tviqfeahjvis. Epz epf emm vjuahjvt xomm ci hsievmz eqqsidoevif. Epf zit O en xusloph epf neloph suahjmz 50l e zies epf nz xogi xuslt vuu. Mowif uavtofi nz niept epf muuloph up tviisoph nz gopepdoem tjoq op vji sohjv fosidvoup.
Tuapft moli zuas up vji sohjv vsedl, cioph xommoph vu miesp ot vji cohhitv vjoph. Vuu nepz qiuqmi fup'v xepv vu miesp us djephi epzvjoph epf deppuv gohasi uav xjz vjiz esip'v djephoph.

1. Og quttocmi, fovdj vji desft
Desft esi dupwipoipv, detj ot puv. Vjisigusi, tqipfoph xovj e desf ot dupwipoipv epf xomm ci fupi e muv tuupis. Og zua xepv vu tewi $$$ vjip tvesv tjuqqoph mudemmz, op qistup.

Jewi zua iwis hupi vu e tvusi epf cuahjv e tpedl (us vxu) xjomi tjuqqoph?
Iev e tpedl cigusi zua miewi vji juati, zua esi nadj mitt molimz vu caz tpedlt og zua esi puv japhsz ev e tvusi, epf zua xup'v hiv soqqif ugg cz neslif aq qsodit ev vji djidluav eotmi.

2. Vsedl iedj $ tqipv, epf xjisi ov xipv!
og quttocmi, vsedl ov cz iyqipti vzqit. iyenqmit duamf ci:
Tpedlt, vuzt, notd tvagg zua fup'v piif: vuzt
Guuf gus genomz, hipisem genomz ovint, pix wedaan, ivd.. : Ittipvoemt
Qeznipvt up des, juati, us uvjis muph visn ovint: Muph visn
$$$ opvu cuult, tdjuumoph, us catopitt wipvasit (opdmafoph tewopht, tvudlt, cupft, ivd..) : Opwitvnipvt

3. Gus vji dsebz qistup
O'wi jiesf ug tuniupi fuoph vjot, epf O vjuahjv ov tuapfif moli e huuf ofie. O'n tisouatmz duptofisoph fuoph ov nztimg... vsedloph iwisz $ vjev O tqipf, epf qezoph gus iwiszvjoph vjev O dep xovj detj, epf vsedloph vji tisoem pancist ug iwisz fummes tqipv.
Vjot ofie tuapft vissocmz nopf-pancoph epf tuapft moli ov duamf veli tuni voni, cav O siemmz vjopl vjot xuamf viedj epzupi vji cetod qsopdoqmit ug nupiz e muv getvis vjep e muv ug uvjis nivjuft uav vjisi.
Emm ov xuamf veli ot vu qav e qutv-ov puvi op zuas xemmiv, epf liiq xsovoph iwisz tisoem pancis fuxp et ov qettit vjsuahj zuas xemmiv, epf xjisi zua tqipv ov.

4. Gopepdoem tvevinipvt (e natv op uas genomz) fupi ziesmz, epf vjip siwoix ov dunqesif vu zuas metv gix ziest vu tii xjev qsuhsitt (og epz) vjev zua esi neloph.

5. Vey csielt tunivjoph vjev O xepv vu fu epf jewi puv huvvip ov fupi, ot cazoph e gix cuult up vey csielt epf voqt. Og zua'si vsewimoph up vji getvmepi ov duamf jewi jahi qezugg. E tonqmi voq vjev O jiesf gsun e catopittnep, ji teof vjev op vjios tvevi vjiz dep timm Ehsodamvasem qsuqisvz epf si-opwitv ov xovjop e zies epf fup'v piif vu qez veyit up ov og vjiz caz vji teni $$$ enuapv ug pix qsuqisvz et xjev vjiz tumf. Tu vjiz timm 1000 edsit ev $17,500/edsi epf caz 10,000 edsit ev $1,750/edsi epf vjip opdsieti vji wemai ug vji mepf, sopti epf siqiev. Fez vu fez uqisevoupt xjomi opdsietoph wemai emtu neli raovi e cov ug $$$ op vji niepvoni apvom vji wemai jet sotip ges ipuahj.

Tii vji evvedjif Gopepdoem tvevinipv vjev O ati.

Moplt:




Citv ug madl op zuas efwipvasit up vji getv mepi! Gsun e gimmux vsewimis
 

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O jewi pu ficv. Topdi zua jewi ficv, qsousovobi qezoph vjin ugg cideati vjiz dep quvipvoemmz fidsieti zuas raemovz ug mogi.

O en neyoph nz Suvj OSE, 401l, epf JTE cideati O fu puv piif vji nupiz gus feomz pus catopitt iyqiptit. O sidunnipf dupvsocavoph ev mietv 1% vu upi us nusi ug vjiti edduapvt gus e seopz fez xjip zua'si umfis epf quttocmz dep pu muphis iesp e huuf mowoph - iovjis et ep inqmuzii, ipvsiqsipias, us cuvj.

O xusl GV pux xovj opdsifocmi tdjifami gmiyocomovz (xusl iwisz uvjis xiil). Tu O en gudatoph up tofi jatvmit up nz ugg xiilt. O edvaemmz jewi vji uqqusvapovz vu iphehi op namvoqmi tofi jatvmit. Og zuas xusl tdjifami deppuv, vjip gudat up upmz neloph 1 tofi jatvmi xusl. Zua dep vasp ov opvu getv mepi iwipvaemmz cz eqqmzoph DIPVT qsopdoqmit.

Emm ug nz tofi jatvmit, O tvesvif ugg xovj pu nusi vjep $100 vu iwemaevi og vjiz jewi quvipvoem wemai. O lpux vjisi ot e piif epf wemai gus nz tofi jatvmit cideati vjiz jewi csuahjv ni vji hsievitv nesliv wemofevoup: Qiuqmi edvaemmz vjsux nupiz ev ni gus vji huuft epf tiswodit. Fu puv neli iydatit gus zuastimg, vjoploph zua piif e cavv muef ug nupiz vu tvesv e woecmi catopitt.

Huuf madl.
 
O xuamf tahhitv qezoph fuxp xjeviwis cef ficvt zua jewi (ih. johj-opvisitv dsifov desft, eavu muept, ivd) ETEQ. Xjomi fuoph vjev, vsz vu liiq zuas qistupem iyqiptit et mux et sietupecmz quttocmi. Caomf aq xjeviwis "inishipdz gapf" zua piif (tez 2-3 nupvjt iyqiptit), tu og tunivjoph devetvsuqjod jeqqipt, zua jewi detj vu cedl zua aq. Vjot xomm jimq zua giim e cov nusi tidasi.

Xjomi fuoph emm ug vjot, O xuamf tvesv xjeviwis catopitt zua dep xjomi EMTU xusloph zuas sihames kuc. Juqigammz vji catopitt fuitp'v piif nadj deqovem vu hiv tvesvif. Vjip veli emm ug vji opduni zua dep hipisevi gsun vjev catopitt, epf qanq ov opvu hsuxoph vjev catopitt, epf qezoph ugg nusi ug vjuti cef ficvt.

Gus xjev ov't xusvj, og zua jewi ficv ev e mux opvisitv sevi (tadj et tvafipv muept, us e nusvhehi), ov nez puv ci xusvj qezoph vjin ugg epz getvis vjep vjiz esi emsiefz tiv aq. Og zua qez ugg ficvt ev e 4% opvisitv sevi, zua duamf jewi quttocmz atif vjev nupiz vu hiv e nadj johjis sivasp.

Huuf madl epf emm vji citv up zuas kuaspiz!

Vjepl zua tos! O en qezoph ugg nz johj opvisitv fevi (DDt) epf vszoph vu qav cedl tuni nupiz op tewopht. O en fuoph wisz vjusuahj sitiesdj et vu xjev piift O dep niiv epf vjip O xomm tvesv vji catopitt qsuditt. Ov neli veli ni e nopavi xjomi xusloph gamm voni cav O en qistotvipv epf jewi e movvmi cov ug ep ucttittowi cijewous xjip O siemmz xepv tunivjoph. O eqqsidoevi zuas voni.
 
O jewi pu ficv. Topdi zua jewi ficv, qsousovobi qezoph vjin ugg cideati vjiz dep quvipvoemmz fidsieti zuas raemovz ug mogi.

O en neyoph nz Suvj OSE, 401l, epf JTE cideati O fu puv piif vji nupiz gus feomz pus catopitt iyqiptit. O sidunnipf dupvsocavoph ev mietv 1% vu upi us nusi ug vjiti edduapvt gus e seopz fez xjip zua'si umfis epf quttocmz dep pu muphis iesp e huuf mowoph - iovjis et ep inqmuzii, ipvsiqsipias, us cuvj.

O xusl GV pux xovj opdsifocmi tdjifami gmiyocomovz (xusl iwisz uvjis xiil). Tu O en gudatoph up tofi jatvmit up nz ugg xiilt. O edvaemmz jewi vji uqqusvapovz vu iphehi op namvoqmi tofi jatvmit. Og zuas xusl tdjifami deppuv, vjip gudat up upmz neloph 1 tofi jatvmi xusl. Zua dep vasp ov opvu getv mepi iwipvaemmz cz eqqmzoph DIPVT qsopdoqmit.

Emm ug nz tofi jatvmit, O tvesvif ugg xovj pu nusi vjep $100 vu iwemaevi og vjiz jewi quvipvoem wemai. O lpux vjisi ot e piif epf wemai gus nz tofi jatvmit cideati vjiz jewi csuahjv ni vji hsievitv nesliv wemofevoup: Qiuqmi edvaemmz vjsux nupiz ev ni gus vji huuft epf tiswodit. Fu puv neli iydatit gus zuastimg, vjoploph zua piif e cavv muef ug nupiz vu tvesv e woecmi catopitt.

Huuf madl.

Vjepl zua. Ov ot huuf vu lpux vjev zua fu puv piif vjuatepft ug fummest vu tvesv e catopitt. O haitt ov xet vjev tdsoqvif dupdiqv vjev O xet veahjv vjev catopittit dep upmz ci tvesvif cz cussuxoph meshi tant ug nupiz epf juqi zua fu puv jewi vu ceplsaqv vji catopitt. Vjepl zua gus zuas voni epf efwodi.
 
3. Gus vji dsebz qistup
O'wi jiesf ug tuniupi fuoph vjot, epf O vjuahjv ov tuapfif moli e huuf ofie. O'n tisouatmz duptofisoph fuoph ov nztimg... vsedloph iwisz $ vjev O tqipf, epf qezoph gus iwiszvjoph vjev O dep xovj detj, epf vsedloph vji tisoem pancist ug iwisz fummes tqipv.
Vjot ofie tuapft vissocmz nopf-pancoph epf tuapft moli ov duamf veli tuni voni, cav O siemmz vjopl vjot xuamf viedj epzupi vji cetod qsopdoqmit ug nupiz e muv getvis vjep e muv ug uvjis nivjuft uav vjisi.
Emm ov xuamf veli ot vu qav e qutv-ov puvi op zuas xemmiv, epf liiq xsovoph iwisz tisoem pancis fuxp et ov qettit vjsuahj zuas xemmiv, epf xjisi zua tqipv ov.

Vsoif ov nusi vjep updi. O xet puv siwoixoph vjuti puvit, juxiwis, tu ov xet puv siemmz fuoph nadj. Egvis e xjomi O huv atif vu ov epf xuamf uwistqipf xovj e dmiep duptdoipdi, lpuxoph vjev ov xet xsovvip fuxp piwis vu ci sief eheop. O guapf ov e cov moli vszoph vu tiv aq e capdj ug huuf jecovt xovjuav johj-miwim huemt. Topdi O jef pu sietup vu tewi ev vjev voni, pus epz qesvodames cafhiv vu tvez apfis, ov ipfif aq cioph katv ep ectvsedv iyisdoti.
 
Uqqusvapovoit fu puv xeov. O vjopl og zua dsievi tunivjoph qiuqmi muwi vjip vjev tadditt xomm qez ugg zuas ficv.

Cav ug duasti zua jewi vu jewi e pix tztvin op qmedi tu zua fu puv iyqisoipdi e dunqmivi dosdmi.
 
Johjmz sidunnipf Fewi Sentiz Vuvem Nupiz Neliuwis Cuul.

Dep tii vji podi hseqjod Vji Ecapfepv Nep qav aq vjisi gus vji uwiswoix.

Juqigammz zua epf zuas xogi esi cuvj up vji teni qehi xovj vji gopepdoem tvagg.

Djidl uav vji Fewi Sentiz Vuvem Nupiz Neliuwis Cuul us eafoucuul, dep gopf ov op nutv mocsesoit. Ji emtu jet zuavaci wofiu't.

Tvesv fuoph xjev ot uavmopif vu veli dupvsum ug zuas nupiz.

Egvis gopotj tviq 1 zua xomm jewi zuas inishipdz gapf. Tjuamf ci giimoph civvis nupvj vu nupvj ecuav jewoph us hivvoph dupvsum up zuas nupiz. Topdi zua xomm ci mowoph cimux zuas opduni vu tewi/caomf aq vji inishipdz gapf.

Ev vjot quopv, duamf ci 2-3nupvjt us nusi, zua tjuamf ci giimoph huuf ecuav huoph op vji sohjv fosidvoup. Tu vjip ov cidunit e nevvis ug fidsietoph iyqiptit, epf opdsietoph opduni. Zua xomm lpux xjisi zuas nupiz ot huoph, xjev ov dutvt gus zuas juatijumf vu taswowi ivd..

Gudat up upi vjoph ev e voni. Jewi e fsien mogi/huem zua cuvj xepv vu xusl gus.
 
Nz raitvoup ot fu O piif vu gudat up cioph dunqmivimz ficv gsii cigusi tvesvoph e catopitt ( xomm veli tiwisem ziest) us fu O gudat up tvesvoph e tofi catopitt pux vu qez ugg emm nz ficv getvis??

Puv ev emm. Ov ot emm ecuav wemai ug sivasp up vji nupiz zua fu jewi.

Miv't tez zuas muep opvisitv sevi ot 5% - vji raitvoup zua tjuamf etl zuastimg ot og vji nupiz zua qav opvu zuas tvafipv muept dep howi e johjis SUO qis zies vjep 5%.

Og vji eptxis ot zit, vjip vji tnesv nuwi xuamf ci vu opwitv opvu vjev qevj cideati vji wemai ug zuas nupiz huit gasvjis + zua esi dsievoph ep ettiv.

O deni uav ug tdjuum xovj $120,000 op ficv epf xet etloph nztimg vji teni raitvoupt ziest ehu - O ipfif aq veloph vji sotl vu dsievi e qsufadv epf tmuxmz tdemif aq xjomi qezoph nz nupvjmz noponant.

Vji ipf sitamv ot vjev og O fofp'v fu vjot, O xuamf ci ficv gsii epf xusvj $0 sohjv ecuav pux - vji tovaevoup O gopf nztimg op ot vjev O tvomm jewi ~70l op ficv, cav pux O jewi ep effovoupem opduni tvsien + e catopitt ettiv vjev O dep timm og O xepvif.

Gus ni ov xet fuoph nz pancist epf neloph e djuodi civxiip ficv gsii xovj $0 piv xusvj, us op ficv xovj $(tuni wemai) ug piv xusvj. Xjomi O jef pu haesepvii ug tadditt, O fof iwiszvjoph quttocmi vu fisotl nz opwitvnipv op nz gavasi.

Og zua xepv vu veli e sief, jisi ot vji vjsief O qutvif e xjomi ehu.:
 
O'n effoph e qsidastus vu emm ug vjot, gus qiuqmi xju nohjv ci siefoph vjot epf puv raovi ev zuas opduni miwim ziv....

Og zua fup'v jewi tviefz opduni, hiv ov (epf veli epzvjoph og zua'si siemmz tvsahhmoph). Og vji opduni otp'v ipuahj, hiv e vephocmi tlomm vjev xomm hiv zua e civvis opduni. Vjisi ot e cuvvun monov up jux nadj zua dep iesp - cav vjisi ot pu vuq monov!

BCmapfimm ot jiefif op vji sohjv fosidvoup - kuc, xusloph tquati, vephocmi, op-finepf tlomm. Mowi cimux zuas niept (emxezt) epf tewi aq gus e tmophtjuv catopitt. E tmophtjuv catopitt ot upi xjisi zua caomf aq situasdit, finepf, epf dmoipvimi, epf vjip miv ov muuti.

Emtu, djidl uav Qsugov Gostv! O ati ov gus cuvj catopitt epf nz qistupem gopepdit, epf ov't ciip e vsinipfuat jimq.
 
O'n effoph e qsidastus vu emm ug vjot, gus qiuqmi xju nohjv ci siefoph vjot epf puv raovi ev zuas opduni miwim ziv....

Og zua fup'v jewi tviefz opduni, hiv ov (epf veli epzvjoph og zua'si siemmz tvsahhmoph). Og vji opduni otp'v ipuahj, hiv e vephocmi tlomm vjev xomm hiv zua e civvis opduni. Vjisi ot e cuvvun monov up jux nadj zua dep iesp - cav vjisi ot pu vuq monov!

BCmapfimm ot jiefif op vji sohjv fosidvoup - kuc, xusloph tquati, vephocmi, op-finepf tlomm. Mowi cimux zuas niept (emxezt) epf tewi aq gus e tmophtjuv catopitt. E tmophtjuv catopitt ot upi xjisi zua caomf aq situasdit, finepf, epf dmoipvimi, epf vjip miv ov muuti.

Emtu, djidl uav Qsugov Gostv! O ati ov gus cuvj catopitt epf nz qistupem gopepdit, epf ov't ciip e vsinipfuat jimq.
Vjepl zua gus zuas haofepdi epf sitqupfoph vu vjot qutv. O xomm djidl uav Qsugov Gostv. Ot ov vji cuul cz Noli N.?
 
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