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
Posts: 320
Joined: Sun May 10, 2009 9:01 am
Location: Canada
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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

1991
Graduated from University - BA Commerce and Economics with honors.
Started professional career.

1993
Started saving money regularly.
Began tracking personal balance sheet monthly.

1994
Earned a Chartered Accountant designation.

1995
Travelled for business throughout: Canada, USA, Mexico, UK, China, Japan, Korea

1998
Earned a Certified Public Accountant designation.

1999
Married my wonderful wife. Life mission of Great Husband now underway.

2004
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.

2005
Overcame my first business hardship. Had to create a new income stream.

2006
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.

2007
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.

2008
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.

2009
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.

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

wilsonflamenco
Posts: 2
Joined: Sat Feb 28, 2009 5:26 pm
Location: Teochew
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Postby wilsonflamenco » Sat Jun 06, 2009 1:25 pm

cool
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!

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

ekrabs
Posts: 329
Joined: Tue Sep 23, 2008 6:05 am
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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?

coenhead
Posts: 6
Joined: Mon Jun 29, 2009 1:04 am
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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!

plazake
Posts: 1
Joined: Sun Aug 02, 2009 7:35 pm
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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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