Uncomfortably Excited

iVillage Member
Registered: 08-04-2008
Uncomfortably Excited
10
Fri, 05-08-2009 - 10:10am

Most following here know I am a marketing executive, my husband is in IT.




iVillage Member
Registered: 11-14-2008
Fri, 05-08-2009 - 10:29am

I am glad you are excited about the business. It sounds promising. I keep my business debt separate from my personal debt. With my business I have an operating line and a land and building loan. This is not just your debt either right? It is DH's too?

I am really hoping my personal debt will be gone by next year. Then I can concentrate on my business debt and personal savings. I might just let my land and building loan run itself out. It will be done November 2010. And my store credit line just feeds the land and building loan(building equity). So I am concentrating on my personal credit line right now(ticker)and then I will decide my target area next year when I see where I am at.

It is easier for me and my state of mind to keep them separate. One debt goal at a time!

Good luck!



Avatar for sohappilyme
iVillage Member
Registered: 03-26-2003
Fri, 05-08-2009 - 10:29am
I'm no good in the advice department, but I wanted to wish you a big ol' congratulations! It sounds like you've worked hard and EARNED IT!

Photobucket


Sarah
iVillage Member
Registered: 08-04-2008
Fri, 05-08-2009 - 10:50am

Ok, yes I see how you keep it seperate and that was my premise.




iVillage Member
Registered: 09-07-2003
Fri, 05-08-2009 - 11:24am

Congrats Marie!


Teresa
http://www.affordingpickles.blogspot.com

iVillage Member
Registered: 11-17-2007
Fri, 05-08-2009 - 11:30am

Good luck to you and your husband.


Mary
Ann


iVillage Member
Registered: 08-04-2008
Fri, 05-08-2009 - 11:45am

Very well put, Teresa, and I do agree wholeheartedly with that premise.




iVillage Member
Registered: 07-10-2003
Fri, 05-08-2009 - 1:16pm

You seem to be progressing from a very solid framework for the business!!!

iVillage Member
Registered: 10-01-2008
Fri, 05-08-2009 - 1:46pm

I remember those same emotions when we started the little trucking business for our son instead of sending him to college.

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 04-12-2007
Sun, 05-10-2009 - 6:52am

Congratulations, Marie!


I've seen SBA loans make the difference in a business taking off so I am a supporter of them.


I agree with the other posters who said that you should keep the business debt separate from your personal affairs.


I am excited for you!


Robyn


iVillage Member
Registered: 04-10-2003
Sun, 05-10-2009 - 10:03am

Congrats Marie,


If anyone can make a business successful its you! I know you have been working toward this for a while and I am sure it will be amazing!


Good job!


Bex -


"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."


Bex -