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 can’t 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 can’t 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 offline
Administrator
 
Join Date: May 2003
Posts: 37,256
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 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 74
Posts: 4,475
Rep Power: 0
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 offline
Administrator
 
Join Date: May 2003
Posts: 37,256
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: 6
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: 7
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 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 74
Posts: 4,475
Rep Power: 0
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 offline
Administrator
 
Join Date: May 2003
Posts: 37,256
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: 7
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 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 74
Posts: 4,475
Rep Power: 0
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: 6
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
Help with a truck
bdodson89
Today 08:15 PM
Today 08:15 PM
by bdodson89
0 18
Correct me if I'm wrong...
SGL1
Yesterday 02:41 PM
Today 07:38 PM
by SGL1
9 118
Total yard rehab
SGL1
04-23-2015 03:59 PM
Today 06:57 PM
by SGL1
11 239
equipment marketplace?
jrs.landscaping
Today 04:49 PM
Today 06:09 PM
by jrs.landscaping
2 42
Buying contracts /...
greenscaper123
Yesterday 04:46 PM
Today 05:59 PM
by Steve
2 73
These are the days on...
ExtremeLawncareServices
01-11-2015 10:41 AM
Today 05:50 PM
by Steve
63 5,398
Lawn Care Service in...
Friscobob
04-24-2015 03:33 PM
Today 05:44 PM
by Steve
4 154
mowfinder
scaypa
Today 05:44 PM
Today 05:44 PM
by scaypa
0 19
what's the big deal...
Tony317
04-25-2015 02:19 PM
Today 05:43 PM
by Steve
3 117
New company in Michigan
SEM
04-24-2015 09:27 PM
Today 05:41 PM
by Steve
4 117
mowing pic
joshlawncare
04-25-2015 12:34 PM
Today 05:40 PM
by Steve
2 109
Big (to me) mulch job
tl757
04-23-2015 05:32 PM
Today 05:38 PM
by Steve
8 224
Newb Question - Multiple...
DependiLawn
04-24-2015 11:36 PM
Today 05:36 PM
by Steve
1 94
I'm Back With The Best...
aduttonater
02-21-2015 12:41 AM
Today 03:35 PM
by Just for Cuts
62 2,650
maintandlawndispatch...
SGL1
04-21-2015 03:31 PM
04-24-2015 04:42 PM
by Steve
9 252
Thoughts on Undocumented...
element009
09-25-2011 11:08 AM
04-23-2015 09:32 PM
by Chilehead
56 15,544
Hello Everyone
DesignsByBnC
04-22-2015 04:07 PM
04-23-2015 02:19 PM
by DesignsByBnC
2 130
The upcoming rainy...
5StarLawnscaping
04-21-2015 01:22 PM
04-23-2015 12:54 PM
by Steve
7 228
color fliers?
holymoly
04-18-2015 02:32 PM
04-23-2015 12:50 PM
by Steve
12 398
WARNING! Especially to...
SC93
04-19-2015 12:05 PM
04-22-2015 01:39 PM
by Steve
14 466
Could be great news for...
SC93
04-14-2015 11:06 PM
04-22-2015 01:28 PM
by Steve
15 534
quick pic
joshlawncare
04-14-2015 07:49 PM
04-21-2015 05:01 PM
by joshlawncare
4 371
Got Inspected today
swstout
08-09-2010 10:31 PM
04-21-2015 03:53 PM
by SGL1
10 4,027
Smoked my first belt!
SGL1
04-20-2015 08:46 PM
04-21-2015 03:28 PM
by SGL1
4 196
Pictures of commercial...
avetslawncare
04-01-2015 09:47 PM
04-21-2015 12:47 PM
by Steve
25 1,047
lawn care business...
holymoly
04-18-2015 02:56 PM
04-21-2015 06:18 AM
by holymoly
3 290
landscape insurance
clarkslawn
03-30-2015 10:14 PM
04-20-2015 10:02 PM
by SGL1
4 510
Poll & Discussion...
CHEESE2009
09-16-2011 06:16 PM
04-20-2015 08:20 PM
by avetslawncare
27 5,704
weed
avetslawncare
04-16-2015 07:56 PM
04-20-2015 01:08 PM
by Steve
4 295
Aerating / Dethaching...
Hard-Body lawn & garden
04-12-2015 07:53 PM
04-19-2015 08:49 PM
by Chilehead
17 635
Start LIKING FACEBOOK...
rlclawncare123
02-26-2015 12:06 AM
04-19-2015 09:21 AM
by KJ90
8 1,051
bidding a cemetery....
NPM_LLC
03-28-2015 10:56 AM
04-19-2015 05:26 AM
by RSE
22 1,067
Hustler Raptor
SGL1
04-13-2015 09:27 PM
04-18-2015 07:53 AM
by SGL1
15 550
is craiglist good to...
JBENI
04-16-2015 11:11 AM
04-17-2015 10:25 PM
by Wolf4dk
11 462
Am I missing something...
googus
04-11-2015 06:33 PM
04-17-2015 08:01 PM
by avetslawncare
10 580
Hello
sonny54
04-16-2015 09:49 PM
04-17-2015 03:10 PM
by Steve
1 227
Unreal
Chilehead
04-09-2015 09:12 PM
04-17-2015 08:27 AM
by Chilehead
11 613
starting a lawn care...
JBENI
04-14-2015 09:03 AM
04-17-2015 08:03 AM
by JBENI
14 596
Finally got a warehouse
avetslawncare
03-12-2015 07:52 PM
04-16-2015 07:52 PM
by avetslawncare
23 1,409
New 14 x 7 Enclosed...
whitepropertydetail
04-15-2015 06:46 PM
04-16-2015 03:40 PM
by Steve
1 290
older used dump trucks
SECTLANDSCAPING
09-22-2011 12:33 AM
04-16-2015 12:41 PM
by biglee
21 8,088
Tax Poll
Steve
04-15-2015 02:13 PM
04-15-2015 02:13 PM
by Steve
0 267
lawn care by Aj
aj10261984
04-14-2015 06:50 PM
04-15-2015 01:43 PM
by Steve
2 309
Contact last years...
googus
01-28-2015 08:13 AM
04-15-2015 12:54 PM
by SC93
7 1,312
trying to sign up for...
JBENI
04-14-2015 10:20 AM
04-14-2015 12:11 PM
by Steve
1 892
Charging customers for...
Hard-Body lawn & garden
04-14-2015 07:34 AM
04-14-2015 10:35 AM
by Steve
1 347
New member
Jdlandscaping,LLC
04-11-2015 03:24 PM
04-14-2015 05:45 AM
by Jdlandscaping,LLC
2 369
hello
oasis_greenscapes
04-01-2015 06:18 PM
04-13-2015 12:03 PM
by Steve
8 610
New Member
Greenturion
04-11-2015 02:00 PM
04-13-2015 11:59 AM
by Steve
1 327
Client with...
OldSalt
04-07-2015 09:47 PM
04-13-2015 11:57 AM
by Steve
8 557
» Popular Tags
apartment complex apartment lawn care estimate applying bark blades blowout bob villa collections commercial contract help curb appeal services demonstration door hangers edging employee problems facebook flyers free advertising grass growing a lawn care business hardscapes hills hiring how to hydraulic landscape landscape services landscaping training lawn aeration lawn care lawn care busines plan lawn care business seo lawn care business website lawn care business website seo lawn care website managing a lawn care business marketing more customers business mr dave new business new mower ordinance past due patio install per hour charge profit on employee push versus ride running a business scag v-ride scripts search engine optimization sell the vision seo shreaded small engine repair snow plowing sq ft square foot sulky toro tractor auger trailer mate pro trimmer rack truck new used landscape web design website won't return wood wright stander rh www.greenturion.co.za
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 10:18 PM.


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

All times are GMT -5. The time now is 10:18 PM.

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