Ricklee's Success Milestones

Have you paid off your debt? Managed to save for your dream home? Had an awesome investment pan out? Share your personal finance success stories here.

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Ricklee's Success Milestones

Postby RICKLEE » Tue May 26, 2009 4:01 am

PURPOSE: To look back upon the past successes of my life, to encourage me in times of self-doubt.

My life missions:
1. Great Husband and Father
2. Great Entrepreneur
3. Great Benefactor

Graduated from University - BA Commerce and Economics with honors.
Started professional career.

Started saving money regularly.
Began tracking personal balance sheet monthly.

Earned a Chartered Accountant designation.

Travelled for business throughout: Canada, USA, Mexico, UK, China, Japan, Korea

Earned a Certified Public Accountant designation.

Married my wonderful wife. Life mission of Great Husband now underway.

Quit my job.
Began entrepreneurial life. Life mission of Great Entrepreneur now underway.
Learned about: Real Estate. Tax Liens. Stock Market. Options. Blackjack. Ebay.
Began formal Mentoring relationship.
Made over $175,000 in sales.

Overcame my first business hardship. Had to create a new income stream.

Birth of our 1st child. She's a miracle. Life Mission of Great Father now begins.
Opened 4 new stores.
Sold my first store.
Made $30,000 playing blackjack.

Opened my most successful location. Learned the power of great location and great staff.
Made my first $1,000,000 in sales.
Quit the accounting profession.

Opened my first mall location.
Opened my first warehouse office. Learned fixed cost reductions from warehouse consolidation.
Paid off our mortgage.
Note: Mortgage payoff done within 9 years. Bought a home smaller and cheaper than our friends were buying. Negotiated hard on price. Negotiated mortgage for best terms and rate. Made bi-weekly payments rather than monthly. Made double-up payments each time to attack the principal faster. Used tax refunds to make anniversary principal pay-downs.
Gave over $23,000 to various Charities. Life Mission of Great Benefactor still in evidence.

Raised wages of all staff.
Passed my company's first tax audit.
Note: I dreaded the audit for 6 months. Finally went through it, and instead of owing a dime, after 2 days I persuaded my case and the auditor agreed my company was eligible for a refund!
Celebrated our 10th wedding anniversary. Still in love.
Bought our 3rd used car, ending a costly lease.

Last edited by RICKLEE on Fri Jun 12, 2009 8:02 am, edited 2 times in total.

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Joined: Sat Feb 28, 2009 5:26 pm
Location: Teochew

Postby wilsonflamenco » Sat Jun 06, 2009 1:25 pm

mine is the same as you
good man
hey guys,just add me, Gtalk:wilsonflamenco@gmail.com ,a cool guy who starts to think of my personal finanace problem,huge!

Posts: 322
Joined: Sun Feb 17, 2008 4:39 am
Location: Woodstock, CT

Postby DebtFreeCrusader » Mon Jun 22, 2009 12:11 pm

thanks for sharing
When you're good to others, you're best to yourself - B. Franklin

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Postby ekrabs » Mon Jun 22, 2009 12:46 pm

Impressive! What kind of business are you in, if you don't mind me asking?

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Joined: Mon Jun 29, 2009 1:04 am

Postby coenhead » Mon Jun 29, 2009 1:12 am

Sounds like you are living the perfect life and achieving all your goals! :D
Anyway, success doesn't come without any hurdles - do you mind sharing some of the obstacles you encountered and how you dealt with them! I guess that would be interesting to many!

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Joined: Sun Aug 02, 2009 7:35 pm

Postby plazake » Sun Aug 02, 2009 7:37 pm

Thanks for replying, everyone. It appears we have a decent cross-section of people here and a lot of well thought-out discussion. :lol:
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