AMA: I’ve built and sustained a successful home service business from the ground up—ask me anything!
Before I started my entrepreneurial journey, my wife and I, who have been married for 9 years (with 8.5 of those happily spent together—yes, we wed just 6 months into our relationship), were $45,000 in debt (excluding our mortgage and vehicles) and raising four kids. I launched my business as a side hustle in March 2022, and on June 2, 2023, I took the leap to work for myself full-time. Since then, I’ve become the sole provider for our family while my wife has transitioned to a stay-at-home role.
Remarkably, within just four months of going full-time, we eliminated all our debt. By May 2024, we had paid off both personal vehicles, and my business acquired its own vehicle outright—no financing involved. Come June this year, I’ll be making the final payment on our house, leaving us completely debt-free. We’ll also be fully liquid with $75,000 in cash, $250,000 in our stock portfolio, $135,000 in physical precious metals, and $15,000 in physical gemstones.
2 Comments
Wow, what an incredible journey you and your wife have had! It’s truly inspiring to see how you’ve turned things around financially and built a successful business.
Here are a few questions for you:
Thanks for sharing your story! It’s motivating to hear about your success and the financial freedom you’ve achieved.
Thank you for sharing your inspiring journey! It’s incredible to see how you’ve managed to balance family life, entrepreneurship, and financial freedom so effectively. Your story is a testament to the power of perseverance and strategic planning.
One aspect I find particularly enlightening is your approach to managing debt while starting your business. It would be interesting to hear more about the specific strategies you implemented to not only eliminate your debts but also to grow your business so rapidly. For others in similar situations, perhaps you could share insights on prioritizing tasks, managing time effectively, or any tools or resources that proved invaluable during the early stages of your venture.
Additionally, as you look forward to the next chapter, have you set any new goals for your business or personal growth now that you’ve achieved such an impressive level of financial freedom? Conversations about wealth building often focus on immediate gains, but your long-term vision could inspire many. Thank you again for opening up this conversation; I look forward to hearing more about your thoughts!