Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Business > HardcoreUnemployable.com

HardcoreUnemployable.com This is a forum to discuss issues on life and the pursuit of happiness. It's also a support group for those who need to be their own boss and canít work for anyone else. Learn the skills to be an entrepreneur and start your business. You can read more on these topics at my blog HardcoreUnemployable.com

why we overspend


HardcoreUnemployable.com

This is a forum to discuss issues on life and the pursuit of happiness. It's also a support group for those who need to be their own boss and canít work for anyone else. Learn the skills to be an entrepreneur and start your business. You can read more on these topics at my blog HardcoreUnemployable.com
Reply
 
Thread Tools Search this Thread
  #1  
Old 11-05-2010, 04:54 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,540
Rep Power: 10
Steve has disabled reputation
Default why we overspend

Do you have a problem overspending or do you know someone that does? Overspending is a big problem and has led our country to an economic crisis.

It can also destroy businesses.

I was reading another article on why people overspend and here are some of the reasons.

Do you ever find any of these apply to you or people you know?

1. Can't Buy Happiness
2. Lack of Patience
3. Guilt
4. Can't Buy Love
5. Keeping Up With the Joneses
6. Can't Say "No"
7. 7. Shame
8. Laziness

How do you battle your overspending?

15 Common Reasons People Overspend
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 11-05-2010, 11:33 PM
CHEESE2009's Avatar
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 73
Posts: 4,475
Rep Power: 10
CHEESE2009 is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
9. Woman & relationships

When their tooth falls out while they eat breakfast... It costs me $2000.00 to fix and my god... damn dentists charge a lot! and all the money I've spent on the ladies school books, she'll be avoiding it until her tooth is perfect again.

I don't blame her, she handled it well! But damn.... $$$$$$$$$$$$$$$$$$$$$$$
Reply With Quote
  #3  
Old 11-06-2010, 12:13 AM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,540
Rep Power: 10
Steve has disabled reputation
Default

It's amazing where the money goes, isn't it?

Look at some of these other reasons too.

Not being able to say "no":
Shame:
Laziness:
"Things will get better":
Just charge it:
Lifestyle maintenance:
Entitlement:
Lack of knowledge:
Power:
Self-worth:

It really makes you pause and think, am I trying to impress someone? If so, who? Then you gotta wonder, why are you even bothering trying to impress them?

So much of what causes all business owners to have anxiety and not sleep nights is the lack of cash stored up in the bank.

If only a safety net bank account was established and left alone to grow, we'd all probably sleep better at night and feel more empowered to experiment more with new business ideas and directions.

Otherwise everything becomes a daily scramble to cover the daily bills and hope nothing goes wrong. When in reality we all know Murphy's Law. If something can go wrong, it probably will.
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #4  
Old 11-06-2010, 09:43 AM
The Cleaning Doctor's Avatar
The Cleaning Doctor The Cleaning Doctor is offline
Senior Member
 
Join Date: Nov 2009
Location: Helena, MT
Posts: 927
Rep Power: 5
The Cleaning Doctor is on a distinguished road
Default

I guess I have it figured out..... I drive a '79 Ford F250 pickup... LOL

Hell on gas but it has the power when I need it and I can work on the motor myself.

I am going to be like Sam Walton... old cars and lots of cash(hopefully)

Besides I like old cars

'71 Cuda
'68 Olds 442 Convertable
'53 Vette
'56 Ford Pickup
GTO just about any year.

See I like old cars.
__________________
Pat
Reply With Quote
  #5  
Old 11-06-2010, 12:03 PM
fieroboi's Avatar
fieroboi fieroboi is offline
Senior Member
 
Join Date: Apr 2009
Location: Camrose, Alberta, Canada
Posts: 142
Rep Power: 6
fieroboi is on a distinguished road
Default

I think there are a few other reasons people tend to overspend. Personally, I see many people in financial trouble and most of them have no concept of the value of money. Even my own kids have the belief that they are entitled to have items and really don't understand that if you want something, you may have to save for it or work harder for it. Thank goodness they live with their mother! (haha)

As for me personally, I've been there myself, from being so far in debt that i didn't think I would ever get out. Then I got smart and started living within my own means. I was lucky enough to see this before i went into business for myself.

I sold everything that i had, home and all and paid off all my debts. Ever since then, I have used the belief that if I can't pay cash for it, I can't afford it. That being said I do believe that a house will be something that one need to have a mortgage for most of the time.

I bought a 4 year old truck, paid cash for it. Then bought a used cargo trailer, new regular residential mower and a few items such as trimmer etc to get started, all of which I paid cash for, and cut some corners on food, clothing and household items for a few months. One would be very surprised, just how much more free cash one has when they don't have debt payments hanging over their head. Since starting my business almost 3 years ago, i have been able to move up to almost a full line of equipment and am still expanding, while all the time having no debt.

Equipment now owned.
2004 dodge dakota
5X8 enclosed cargo trailer
2 mulching/bagging mowers
2 hand held stihl leaf blowers
straight shaft string trimmer
plugr aerator
billygoat wheeled vacuum
snowblower
lawn edger
fertilizer spreader and other small tools

Next purchase for me will be a new enclosed cargo trailer. I plan on getting a 7X14 v-nose brand new, looks like it will cost me about $4500. I am about 1500 away from buying it right now. I will be ordering it in January. Then I will be buying a power rake in the spring, as renting one is not something I want to do anymore. Will be paying cash for it as well.

Trust me guys, avoiding the use of credit will get you further ahead in the long run. Think about this example, if you go out and purchase an item that costs you 2000 on credit. That item has to do more work to return the same profit, as it has to pay for itself. If you paid cash for it, everything that item does is already putting cash back in your pocket right from the start!!!


Lloyd
Blue's YardFX
Camrose, AB
Reply With Quote
  #6  
Old 11-06-2010, 04:37 PM
CHEESE2009's Avatar
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 73
Posts: 4,475
Rep Power: 10
CHEESE2009 is on a distinguished road
Default

Quote:
I think there are a few other reasons people tend to overspend. Personally, I see many people in financial trouble and most of them have no concept of the value of money.
This ^ is very important.

Quote:
Think about this example, if you go out and purchase an item that costs you 2000 on credit. That item has to do more work to return the same profit, as it has to pay for itself. If you paid cash for it, everything that item does is already putting cash back in your pocket right from the start!!!
^ This is how people who provide services should think, we are in the business not to necessarily to only invest, but to spend on items which make us even more money. Well said!

Buy a lawn mower for 2000$, make 20,000$ with it!


Though I admit having this conscience can be stressful, as putting luxuries on hold is very difficult.

I am a good cook, unfortunately I hate my own cooking. So I tend to order out a lot! Doesn't mean it's always unhealthy stuff. I could save tons of money cooking for myself regularly, though I need to have my *thinking of word*.... my.... enjoyable luxuries?


Just like smoking for example. I can hear people tell me to quit every day, but it's the fact that it's something I enjoy. Many of us (all of us) have these NEGATIVE things we do in our lives, in which we enjoy - which put us all in the same spot.

I know a guy who can't stand smokers, he doesn't understand how someone would be willing to do such a thing... Yet this man is 500lbs, has heart problems, and has never eaten anything healthy in the past 12 years.

I never judge him, it's what he enjoys! I'm sure he hates the negatives, just like I hate knowing I'm damaging my lungs - though you really can't stop it unless it's of no value to you.

The thing is, for this man to judge someone on their 'negative' is ridiculous.

Scott, stop smoking.

"I sadly enjoy it, why don't you get a job? Sitting at home for years doesn't make you perfect!"



Everyone should figure out their negative, it'd be fun to discuss!


I smoke a pack a day which may cause me $4k per year

Though it's not the only way to be wasteful with money, and I don't even consider it to be wasteful if it's something I enjoy.

People can be technology freaks, "I need to update my computer/television/cellular, I need this new console, I want to buy all these games for them" **

- this isn't productive, this is an expensive luxury!


We all have em'

!


- Mr. Breeze Wong
Reply With Quote
  #7  
Old 11-07-2010, 04:39 PM
Steve's Avatar
Steve Steve is online now
Administrator
 
Join Date: May 2003
Posts: 36,540
Rep Power: 10
Steve has disabled reputation
Default

Do you think there should be a certain % of your annual income saved in the bank and as you grow it should be larger?

Would you feel there is an ideal to have in your first year, second year, third year and beyond?

If there aren't money saving goals, I am afraid more business owners than not will take any cash reserves they have and immediately spend them on upgrades, thus depleting their savings and their life line in case things slow down.
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #8  
Old 11-07-2010, 11:33 PM
fieroboi's Avatar
fieroboi fieroboi is offline
Senior Member
 
Join Date: Apr 2009
Location: Camrose, Alberta, Canada
Posts: 142
Rep Power: 6
fieroboi is on a distinguished road
Default

Quote:
Originally Posted by Steve View Post
Do you think there should be a certain % of your annual income saved in the bank and as you grow it should be larger?

Would you feel there is an ideal to have in your first year, second year, third year and beyond?

If there aren't money saving goals, I am afraid more business owners than not will take any cash reserves they have and immediately spend them on upgrades, thus depleting their savings and their life line in case things slow down.
Personnaly I think one should have at least three months living in the bank at all times. I prefer to have 6 months on hand. As for savings goals, one should have some for retirement plans, smaller equipment goals, larger capital purchases and what ever else you want. The amount or percentage would be determined by how soon and how much you need to save. I have been known to bump up certain accounts to get the goal meet sooner and lowered some for a short time. Saving is an art and takes time .... but in the end it is worth it!

My main point is that in almost everything one should not use credit cards to purchase items that you don't have the cash to pay for. Did you know a credit card with a $1000 balance, paying the minimum payment every month would take over ten years to pay off!!! Now, who really is making the money. It sure isn't you and I, it is the banks and credit companies.


Lloyd
Blue's YardFX
Camrose, AB
Reply With Quote
  #9  
Old 11-08-2010, 02:04 AM
CHEESE2009's Avatar
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 73
Posts: 4,475
Rep Power: 10
CHEESE2009 is on a distinguished road
Default

1st year: Spend money on what you need, get your name out.

2nd year: Go in knowing you wont make much profit, advertise/grow to your personal max - use your profits for next year to spend on an employee

3rd year: Hire an employee, grow big - make him worth every cent, continue to advertise.

4th year: Nothing but profit.

Then you just repeat the steps!
Reply With Quote
  #10  
Old 11-20-2010, 12:09 AM
MAKLawnCutter MAKLawnCutter is offline
Senior Member
 
Join Date: Apr 2010
Location: Central FL
Age: 30
Posts: 249
Rep Power: 5
MAKLawnCutter is on a distinguished road
Default

Yeah, this year i plan on expanding to commercial . I am upto one already, id like to be at 7 or 8 by next fall.

matt
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
Today 03:33 PM
by biglee
160 12,038
Lawn Care business...
crieg122
10-23-2014 01:23 PM
Today 03:27 PM
by biglee
17 758
Pavers
crieg122
10-28-2014 02:49 PM
Today 12:49 PM
by Steve
6 271
Client won't pay...
WesleySnips
Yesterday 02:53 PM
Today 12:00 PM
by Steve
6 190
Hi Steve From West...
Mr. Mow
10-21-2014 01:59 PM
Today 11:56 AM
by Steve
5 587
Got my first lawn job...
SGL1
06-11-2014 09:19 PM
Today 09:53 AM
by Max Wagner
30 2,540
Gie-review / What's new...
ExtremeLawncareServices
10-25-2014 09:19 AM
Today 09:30 AM
by ExtremeLawncareServices
7 486
Business Name
sanchez5
10-28-2014 11:55 PM
Today 05:51 AM
by ringahding1
10 310
"Price...
Mr. Mow
Yesterday 03:21 PM
Today 05:48 AM
by ringahding1
3 156
Help a brother...
tbtigers03
09-28-2014 11:41 AM
Today 05:41 AM
by ringahding1
15 1,959
sod job
SGlawncare
Yesterday 08:21 PM
Yesterday 08:21 PM
by SGlawncare
0 19
Difference between lawn...
sanchez5
10-29-2014 04:20 PM
Yesterday 02:08 PM
by Steve
2 193
My Newest Toy (B.P....
Dan Tanner
10-23-2014 05:50 PM
10-29-2014 12:26 PM
by Steve
6 546
West cost lawn prices
SGlawncare
10-09-2014 09:51 PM
10-28-2014 11:08 PM
by SGlawncare
4 905
Say Hello !!!
Steve
03-19-2007 11:18 AM
10-28-2014 02:51 PM
by Steve
1,193 341,149
Business Cards
crieg122
10-25-2014 12:03 PM
10-28-2014 02:37 PM
by crieg122
4 419
So how do you guys...
Mr. Mow
10-26-2014 07:55 AM
10-28-2014 04:56 AM
by Billy Goat
2 358
Pressure Washing Like a...
TNTurf
08-01-2014 11:47 PM
10-27-2014 10:36 PM
by SGlawncare
12 1,276
new to the forum
madmedic8575
10-24-2014 02:52 PM
10-27-2014 12:14 PM
by Steve
1 381
Dealing With Gas Can...
Mr. Mow
10-21-2014 01:41 PM
10-26-2014 10:59 AM
by stevef1201
13 742
Leaf removal
madmedic8575
10-24-2014 04:14 PM
10-26-2014 07:45 AM
by Mr. Mow
5 509
raking leaves ?
robert8509
10-22-2014 09:19 PM
10-25-2014 12:09 PM
by biglee
10 646
Leaf Box & Loader Set...
ringahding1
10-21-2014 06:20 AM
10-25-2014 11:46 AM
by crieg122
6 638
hey everyone
robert8509
10-22-2014 08:16 PM
10-24-2014 11:07 PM
by robert8509
7 539
12 Years in Business!
Chilehead
10-23-2014 08:07 AM
10-23-2014 11:08 PM
by Chilehead
2 456
Cheapskate Landlord...
Mr. Mow
10-20-2014 06:33 AM
10-23-2014 05:55 PM
by biglee
13 794
Hi from SoCal
Jmoney
10-23-2014 11:29 AM
10-23-2014 12:51 PM
by Steve
1 418
Workmans compensation...
CDLAWNCARE
10-15-2014 08:05 AM
10-23-2014 12:33 PM
by Steve
5 891
Pda
stevef1201
10-18-2014 02:05 PM
10-23-2014 06:12 AM
by ringahding1
4 718
Hello, from TEXAS
sanchez5
10-17-2014 09:56 PM
10-22-2014 01:27 PM
by Steve
6 782
Organic Lawn Care...
NHray
10-17-2014 06:05 PM
10-22-2014 01:23 PM
by Steve
3 744
first year update
cmdlawncare
08-12-2014 05:41 PM
10-22-2014 07:47 AM
by ringahding1
4 1,739
What parts do you carry...
Just for Cuts
10-17-2014 09:08 AM
10-21-2014 01:36 PM
by Mr. Mow
16 1,029
Jungle to Beautiful
stevef1201
10-17-2014 09:54 AM
10-21-2014 01:26 PM
by stevef1201
11 886
Sunny Beach Tennis...
SGL1
10-19-2014 11:24 PM
10-21-2014 01:04 PM
by SGL1
4 616
Have you ever had to...
SouthernRootsLawnCare
07-26-2014 02:41 PM
10-20-2014 08:34 PM
by biglee
10 2,217
Look out Bob Villa -...
Mr Dave
09-30-2014 10:06 AM
10-20-2014 05:42 PM
by SGL1
7 1,712
how to fi d commercial...
mchampion319
10-19-2014 09:50 PM
10-20-2014 04:41 PM
by Steve
1 588
Hello From Tennessee
mrmann901
10-17-2014 10:02 PM
10-20-2014 04:24 PM
by Steve
1 654
questions on order to...
jack2048
10-13-2014 11:15 AM
10-20-2014 03:27 PM
by Mr. Mow
15 1,112
This sucks...
Matther777
09-18-2014 04:56 PM
10-20-2014 02:14 PM
by Steve
14 2,649
Cement mixer
KevinsLawns
10-15-2014 08:03 PM
10-20-2014 02:11 PM
by Steve
7 839
Hello ! New guy Rob here
RWorthley1
10-17-2014 04:05 PM
10-20-2014 02:09 PM
by Steve
1 688
Snow Blowing
gwilson98
10-12-2014 02:21 PM
10-17-2014 02:51 PM
by Steve
6 1,035
Spreading Weeds?
WesleySnips
07-27-2014 09:46 PM
10-17-2014 07:49 AM
by SGL1
6 1,331
Grasswhoopins.com Anyone...
GRASS WHOOPINS
06-21-2011 11:38 PM
10-16-2014 01:30 PM
by ExtremeLawncareServices
42 9,742
I Want to buy old...
ExtremeLawncareServices
10-10-2014 10:04 PM
10-15-2014 09:12 PM
by ExtremeLawncareServices
6 1,047
Do you find weed eating...
chuck2s
10-15-2014 02:10 PM
10-15-2014 02:10 PM
by chuck2s
0 769
Incorporating &...
WesleySnips
10-01-2014 09:39 PM
10-15-2014 01:37 PM
by kslawn
20 1,908
Falling into business
stellarmowing
09-28-2014 04:35 PM
10-15-2014 05:57 AM
by ringahding1
8 1,901
» Popular Tags
4wd 4x4 aerocore apartment bid apartment lawn care estimate applying article marketing auger bid blades bush care charge collections subcontractor commercial decorating deliquentaccounts demonstration ditches employee problems estimate exmark ferris four wheel drive gopherhaul gravely growing a lawn care business how much to charge how to installation introduction john deere quik trac kawasaki landscape services lawn lawn care lawn care busines plan lawn care business lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care website mulch new mower patio install podcast pto redmax reo running a business scag search engine optimization seo shell snow snow plowing sprayer starting a business steep lawns steve stihl theft of services top dresser toro toro grand stand trailer mate pro tree turfgrass consulting walker
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 04:48 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 04:48 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy