How do I save my face? - Posted by cathyj

import · September 17, 2003, 7:22pm

Posted by cathyj on September 18, 2003 at 05:48:15:

Thanks. Financial health is much more important to me than looking good to others. (Being in poor financial shape doesn’t look so good either, does it?. I can probably sell this house for a profit and move on.

import · September 17, 2003, 7:22pm

Posted by cathyj on September 17, 2003 at 19:22:31:

I bought my house a year ago. Being the optimist that I am I expected my business to expand. It hasn’t done as well as I thought and I’ve had to continually dip into my saving to stay here. What are my choices? I don’t have to stay here but it is a nice place.

Thanks for any advice.

import · September 17, 2003, 10:31pm

Re: How do I save my face? - Posted by Craig (IL)

Posted by Craig (IL) on September 17, 2003 at 22:31:40:

What is your goal? To deal effectively with a financial matter? Or is it to look good to others (“save face”)? If I were you I would take care of finances. Sometimes cutting your loses is the best way to “save face.” Look objectively and reasonably at your situation and make it work.

import · September 17, 2003, 8:03pm

Re: How do I save my face? - Posted by Ed Copp

Posted by Ed Copp on September 17, 2003 at 20:03:40:

Look for another house to buy, and rent out. The house needs to have a positive cash flow. Feed the positive cash flow into the house you now have. This should help.