I don't really have any "updates" to my numbers so I thought I would express my concerns about my mom. My mom and her husband are going to the Financial Peace University program at their church. I've read Dave Ramsey's book, and think it had a lot of great information. But here is my concern. She started a childrens' resale booth about 6 months ago. Of course... she hasn't made a lot of profit, but its the beginning and most businesses are not super profitable the first year. I also she spends money on things that are not necessary. But she says that according to the program she should shut it down....its not successful. I just don't agree. I love the fact that she has decided to try to do something to make herself more financially secure. But I don't know if shutting down the business is the answer. I honestly don't remember what Dave Ramsey said about businesses, since I don't have one. But I'm just not sure how I feel about it.
My mom & Dave Ramsey
April 14th, 2011 at 06:39 pm
April 14th, 2011 at 06:49 pm 1302806992
Is there a chance that your mom's business is actually a sinking ship and she just has not told you about it because she does not want to fail in your eyes? Or maybe she realizes that it would be best to stop putting effort into something that is only barely making a profit and do something that is a for sure thing?