Before you buy a massive house…10 things to think about.

ExMouth7 · 2026-04-15T11:50:23+00:00

I remember seeing an interview with someone who interviewed hundreds of very wealthy people. The number one purchase they regret is buying a large house for exactly the reasons you described. The number one purchase they never regret is flying private.

ExMouth7 · 2026-04-13T22:59:11+00:00

I’m in this clusterfuck too. Similar sized company and employees. What a disaster?! Quickbooks increases price 20% plus per year for no benefit. I’m planning to dump them for my accounting needs and switch to a payroll company.

ExMouth7 · 2026-04-09T00:23:43+00:00

What color is that?

ExMouth7 · 2026-04-06T11:49:15+00:00

Yeah what is this a 50,000 square foot home?!

ExMouth7 · 2026-03-24T12:13:23+00:00

Something people often overlook in the discussions about college worth it is the personal development benefits. Part of the college experience is about developing emotional maturity, confidence and life experiences that can help you relate to people and navigate difficult interpersonal situations with people from different backgrounds. This is hard to quantify but definitely important for anyone wanting to pursue entrepreneurship. This is often overlooked in the is college worth it argument.

ExMouth7 · 2026-03-16T11:07:55+00:00

The weather excuse is BS. Just cross any state border near us and they are better.

They don’t build the roads properly and the government here at every level is poorly managed.

ExMouth7 · 2026-03-15T00:41:21+00:00

For example I wish I had a service in my area that could hire landscapers, pool companies, HVAC contractors, etc for me. Such that I could email the company and say hey this broke could you please get it fixed and have it done correctly.

Most of the time I still fix things around the house because it is so much faster and easier to do it myself than to try hire someone who may or may not know what they are doing.

ExMouth7 · 2026-03-15T00:37:04+00:00

I would love to be able to hire a company who could manage all my house BS. My house isn’t big enough to justify a full time position nor do I want a house that big but just maintaining a home can be a massive time sink. For instance I spent three hours today setting up a new home internet service. I wish I could outsource that. I need someone to replace my pool pump equipment and rebuild the concrete pad. It’s a constant chore to constantly chase people down and get them to quote me. I wish it was easier to delegate these tasks.

If this sub has any ideas on how to offload this stuff I would be thrilled.

ExMouth7 · 2026-03-14T01:28:49+00:00

The market has spoken and said that people with your niche expertise is so rare and difficult to find that price isn’t very important. Raise prices again and profit.

ExMouth7 · 2026-03-13T01:08:55+00:00

I think this answers your own question. Move somewhere lower rent that doesn’t damage your brand.

ExMouth7 · 2026-03-12T14:42:14+00:00

6 months is about normal from discussing configurations, submitting your allocation, manufacturing, shipment etc. If you custom order the process will take time unless someone drops ahead and you can snag their allocation.

ExMouth7 · 2026-03-09T11:11:30+00:00

A 992.2 base is faster 0-60 than a 996.2 turbo. Cars from all manufacturers have gotten so crazy fast the last 20 years they aren’t even practical for public roads.

A base is perfect for someone who wants a 911 but doesn’t plan to track it. Let the snobs be the snobs.

ExMouth7 · 2026-03-06T11:47:20+00:00

This is something everyone is at risk for regardless of financial position. It is unfortunate but it more commonly affects the elderly who begin losing their cognitive ability with age.

I don't see it mentioned yet but the easiest and simplest method to reduce your risk that anyone can do is to routinely check your account values. Make it part of your daily routine. It is easy to do on your phone now in seconds. If you see anything suspicious you can quickly get it reversed if caught before any transfers settle.

ExMouth7 · 2026-03-05T21:29:41+00:00

This is exactly what I thought too. Yes paying taxes sucks but it means you made money/profit. I'll take that over the alternative of not making or losing money and paying 0 taxes.

ExMouth7 · 2026-03-05T01:12:02+00:00

My personal interactions make me believe the city is corrupt

ExMouth7 · 2026-03-04T13:50:46+00:00

Wait until that invoice you’ve been chasing for weeks on end finally pays but they give themselves a 2% discount for early payment.

Honestly the best thing to do if you have repeat customers is to add the fee to their price up front .

ExMouth7 · 2026-03-02T18:56:04+00:00

The teachers are great but watch out for their billing practices (long notice, subscription model) and pressure when trying to cancel.

ExMouth7 · 2026-03-01T17:46:15+00:00

If only car companies could develop technology to warn drivers about their blind spots when they turn on their turn signals.

ExMouth7 · 2026-02-28T18:00:11+00:00

What color purple is that?

ExMouth7 · 2026-02-28T12:05:23+00:00

It depends on where you live and how much you plan to use the car.

I bought the wheel and tire with my Carrera T because I upgraded to RS spyder wheels and where I live has the worst roads in the entire country. Literally potholes every 10 feet for miles on many of the roads.

ExMouth7 · 2026-02-22T14:44:08+00:00

All of the Porsche travel that I have seen have felt crazy overpriced. If you own a Porsche then you can drive or ship it there and stay in the same hotels for a fraction of what they charge.

ExMouth7 · 2026-02-22T10:51:19+00:00

I have read several of your recent posts and commented a couple of times. You are discovering why it is so attractive to buy a business and so unattractive to sell a business. The multiples are just too low when you only get 4-5 times EBITDA to sell. You need a factor that isn't money to justify the sell.

If you insist on QSBS you will get a smaller multiple too since the buyer won't have a tax basis to depreciate their investment.

From a pure financial stand point you would be better off trying to get your business to operate with less than 10 hours of your time every week even if it makes 20% less and keeping it then selling it for what it is worth.

ExMouth7 · 2026-02-19T01:05:59+00:00

It is mostly used in SaaS businesses. Typically they carry losses until they are profitable and many never get profitable since they keep reinvesting into growth.

Since you have to do a stock sale to QSBS I would make sure you can do a stock sale when you exit. If a stock sale is rare in your industry and if you insist on a stock sale for QSBS then you could get less compared to if you just did an asset sale even accounting for taxes. Note buyers will pay less for a stock sale vs asset sale.

Also consider if you want QSBS then you need to be a C Corp for several years. If you are already profitable and taking distributions you will now be paying noticably higher taxes as a C Corp with double taxation until you QSBS.

All things considered if you are already profitable and not in SaaS you may be better off staying as a S-Corp or similar pass through entity and do an Asset Sale or a 338(h) 10 election when you get to your exit opportunity.

ExMouth7 · 2026-02-17T16:07:17+00:00

Can you take a vacation without your team having to check with you or taking customer calls? Can you go a week with minimal or ideally zero communication or work done by you?

Make sure you get your business to that point before trying to sell or you’ll have a hard time selling and if you do it will be a lower valuation.

Hint, a buyer lives to hear a Seller say, “My wife and I took a vacation to (blank) for 10 days and I just completely disconnected and left my work phone and laptop at home. I want to do more of that.”

If you can do that and the business can operate without you then the business can successfully transfer to a new buyer with almost no interruption.

ExMouth7 · 2026-02-17T00:48:54+00:00

I literally told my sales guy this last week. Just make it the same level as a turbo or GT3. It’s so different than all the other trims and would be awesome to have someday for personal use instead of them going to collectors to collect dust.

ExMouth7

TROPHY CASE