I'm getting a steady paycheck once again! It's a great feeling knowing that I'll be able to easily keep my bills paid and get my 5 year plan back on solid financial footing. It was a scary ride, quite stressful, and some things fell away during it all. But that was 2012. This is 2013. I'm working hard to make 2013 my bitch.
Now that I've received a little bit of pay, I'm trying to focus on getting my bills paid back down. When I started 2012, I had just paid off a credit card and only had one left. I left the paid off card open so I'd have an emergency credit line, and used that to replace a vital piece of studio gear in the spring. My finances weren't stable enough to justify that cost, and a $500 purchase turned into a $700 credit card bill that was $200 over limit. The account was closed by the bank to prevent it from growing any higher, and I was given a $15-month payment plan to pay it off. It'd take me 4 years at that minimum, but that's all I've been able to do for a few months now.
But now that I've got steady income again, it's time to get all of that out of the way. I'm actually excited right now! 2012 was full of bad habits that I was forced into in one way or another. For example, with the studio only breaking even and other ventures not getting any returns yet, I found myself forced to wait til the absolute last minute to pay my phone bill. Just as I was about to get the money to pay it, it would get disconnected, and I'd get a $50 fee for that month. This happened almost monthly, I swear I think AT&T is psychic and knew what day to cut me so they could get the fee that month.
Today, I paid it before it got cut off! Today, it all turns around! I've still got a mountain to climb, but the expedition team was gathered when I got the new day job. The last month was spent preparing for the climb, and today we started off toward base camp #1.
It's just a shame that things went the way they did with some of my plans last year. Feelings were hurt, friendships damaged, and I doubt that'll ever be able to mend. I just wish those affected understood why things have been so hard for me and why I did the things i did. I'm not trying to play the victim here, but the only one walking in my shoes was me. The only one who sees it the way I do was me. They see it from their perspective, and that's the way it goes. Nothing I can do about it.
So now that I've taken the steps necessary to reclaim my financial future, let's outline some of the challenges directly ahead. I've got rent to pay at Skyline Sound Studios, and a damaged car to diagnose and repair. I'm going to need to budget very very very carefully, and file my tax return asap, if I'm gonna get over this hurdle quickly. But the beautiful thing is that once I get over it in the next couple of months, things still won't be easy but they will be easier than they are now by quite a big margin.
Regarding budgeting very very very carefully, that's tough. I've got a little sum of money right now to apply to my expenses, and there's a compulsion in me to start paying down certain liabilities with it right now since I know I have it. But that's not realistic, as I have to ensure those car repairs and that rent for the studio are paid for. Then I have to pay for certain business related expenses that are owed to other parties. It's not going to be easy, it's going to be very very very tight. But I have to refrain from spending money unless not doing so will cost me more money.
The general reason for this particular blog entry is the fact that the expedition has left once again for the mountain top. I'm excited as hell about that! It's been way too tight for way too long, and it's about time something changed. But the universal factor in all of that was me. It wasn't changing because I was thinking too short term in some respects. I took a chance, but didn't calculate all of the risks of that chance. I paid for that miscalculation, and fortunately it didn't do enough damage to completely de-rail me. But that's the learning curve in business (and no, I'm not referring to the damaged friendships I mentioned above, for a certain someone who is likely reading this). It's about calculated risk, and I miscalculated. It was tough, and I'm rebounding. Time to take the lessons learned from my failures in ALL aspects last year and apply them to a more successful and profitable 2013!
2013...yeah, I'm hittin' that!
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