My biggest mistake
Closed my business I had for 20 years to merge and become a partner with another bigger business only to find out one partner was stealing from the business and really didn't want me there so he forced me out. I left there within a month and opened a new business.
How it affected my finances
i used a 20,000 CD to start the new biz, went over budget and maxed my credit cards, now owing 30,000 in credit cards. Now I have a lot of monthly debt to pay and I am rebuilding a business so I didn't want to over spend my monthly cash flow. It created a hard situation to get through.
Lessons Learned
- I will rebuild my new biz bigger and better and pay off my credit cards. Lesson learned..don't believe what everyone says. They lie.