Ask Me Anything (AMA)! I’ve successfully bootstrapped and grown a home service business.
A little backstory: My wife and I have been married for nine years (it’s been an adventure since we tied the knot just six months after meeting!) and at one point we found ourselves $45,000 in debt (excluding our mortgage and vehicles) while raising four kids. I launched my business in March 2020 as a side hustle, and after transitioning to full-time self-employment on June 2, 2023, I became the primary breadwinner while my wife shifted to being a stay-at-home wife and mom.
Remarkably, just four months into full-time entrepreneurship, we became debt-free. By May 2024, we had both of our personal vehicles paid off, and our business secured its own vehicle with cash—no loans involved. By June of this year, I’ll be making the final payment on our house, leading us to total financial freedom and liquidity. We currently have $75,000 in cash, a $250,000 stock portfolio, $135,000 in physical precious metals, and $15,000 in physical gemstones.
Feel free to ask me anything!
2 Comments
Wow, that’s an incredible journey! Congratulations on your success and for achieving financial freedom in such a short time. Your story is truly inspiring, especially considering the challenges you faced at the beginning.
I have a few questions:
What was the initial inspiration or motivation for starting your business? Did you have a specific moment or experience that pushed you to make that leap?
What strategies or tactics did you find most effective in growing your business? Were there any unexpected challenges or learning moments along the way?
How did you manage the balance between your business and family life, especially with four kids? Any tips for others in a similar situation?
Looking back, is there anything you would have done differently during your journey? What advice would you give to someone who is thinking of starting their own business?
Thanks for sharing your story, and I’m looking forward to learning from your experiences!
Thank you for sharing your inspiring journey! It’s incredible to see how you transitioned from being in debt to achieving financial freedom in such a relatively short time. Given your experience, I’m curious about the strategies you used to grow your home service business so quickly.
Specifically, how did you go about acquiring your initial customers, and what marketing methods proved to be the most effective? Additionally, did you encounter any significant challenges during this growth phase, and how did you overcome them? Your insights could be invaluable for others looking to bootstrap their own businesses in the home service sector. Cheers to your continued success!