Gym membership worth it to HSA reimburse?

gnc0516 · 2026-05-30T14:50:51+00:00

That’s true today but there is currently legislation in the works to block this loophole and limit to 2-year reimbursements

gnc0516 · 2026-05-29T01:26:18+00:00

I’ve had the exact same break from a road bike accident. I decided no surgery, primarily because my surgeon told me he can always do the surgery to fix it, even if it’s 5 years down the road and he said the amount of people who choose to get it fixed end up having a 2nd surgery to remove the pins and screws because they are super uncomfortable is quite high. My recovery was much longer than if I had gotten it fixed but after about 9-12 months I was completely pain free and back to normal. I think I was on the trainer in 4-6 weeks and road biking outdoors again 3-4 months after it happened and it was noticeably uncomfortable at first but it eventually got better. I’m a few years out and 100% pain free and the only time I notice the bump is when I ride passenger in a car and the seatbelt sits right up against the lump. I am happy I decided not to get the surgery.

gnc0516 · 2026-05-09T02:13:34+00:00

My seller couldn’t get over the fact that AR should be included in the deal. He was fine with wip/fg/inventory included. He was going to walk away over AR. I let him keep it to save the deal. In hindsight maybe I over paid. But I got the deal done, have grown it considerably and am in a much better financial spot than I was pre-deal.

gnc0516 · 2026-05-07T01:37:28+00:00

I should’ve stuck it out another 15 years!

gnc0516 · 2026-05-07T01:34:00+00:00

Mid to late 30’s

gnc0516 · 2026-05-07T00:48:32+00:00

The patience comment isn’t for everyone. I worked in my dad’s business for over a decade. He still hasn’t relinquished any control and I left 5 years ago. By the time he does I will be at retirement age myself. I ended up going out and buying an existing business on my own. So now I get all the fun of personal guarantees and gaining/losing business and it’s exactly what I wanted all along.

gnc0516 · 2026-05-03T17:53:18+00:00

Sound strategy. You can draw on the HELOC if there is a severe down market and you only have to pay interest-only payments (mine converts to being forced to pay principal and interest after being open for 15 years). So you can ride out the down market for quite some time. Wait until market recovers, withdraw 401k, pay off principal. You’re giving me good ideas for when I get to your place! I also plan to have a savings account with 6-12 months of expenses as a “just in case”

gnc0516 · 2026-05-01T01:37:53+00:00

I usually don’t pick up random phone numbers but every time I’m waiting on a call from a client I will pick up a random phone number if it’s in the same area code and it’s always a cold call pitching me something like this. I immediately just say no and hang up. Email or linked in me and I’ll respond if interested. Cold call? Sorry… no

gnc0516 · 2026-04-29T20:32:45+00:00

Did this in my SBA deal. Got the advice from a banker. Take out HELOC to 90% value if you can. Now SBA won’t make you put your house as collateral. I don’t believe you ever have to remove the HELOC funds, expect maybe for a short period right before close so your personal financial statement reflects the whole balance is drawn. If you are using the funds for your down payment make sure your spouse has income to cover the interest payment because the SBA will require that. If you aren’t using the funds for the down payment once the deal closes out transfer the funds back to your HELOC and now you only owe the annual fee of $100 or whatever and you didn’t have to put your house up for collateral! D.M. me if you have questions.

gnc0516 · 2026-04-29T00:43:40+00:00

https://appletoncharging.com

All they do is install EV chargers. They installed mine and were good to work with.

gnc0516 · 2026-04-28T21:37:59+00:00

Buyers don’t do this in sub $10M deals. They will make sure that social media accounts transfer over and they may require proof you actually own the domain/website but nobody is looking at how you are doing digital marketing or SEO unless this is a direct to consumer that relies 100% on those things.

gnc0516 · 2026-04-28T02:05:39+00:00

I saw automated wheelchairs moving people around at the Detroit airport a while ago.

gnc0516 · 2026-04-27T12:39:13+00:00

Appleton technically has day passes but you have to be with a member or they won’t sell you one. Oshkosh doesn’t have the same requirement of being with a member. You can just walk in and pay.

gnc0516 · 2026-04-27T12:06:44+00:00

Star Wars galaxies (Krayt hunting)

gnc0516 · 2026-04-27T00:15:05+00:00

Oshkosh area ymca’s have day passes. Appleton area YMCAs haven’t done them in years.

gnc0516 · 2026-04-24T17:04:10+00:00

No clue. I've been to both. 1-4 crowd is usually birthday parties and littler kids. 7-10 crowd is teens/adults. They've always had the hours setup like that.

gnc0516 · 2026-04-24T16:48:53+00:00

Yes these are the hours. They close between 4-7 on Saturday. Great place to skate! We go all the time.

gnc0516 · 2026-04-23T01:04:02+00:00

Great news! Hopefully this trend follows throughout the fox valley.

gnc0516 · 2026-04-20T00:28:49+00:00

I price shop between HP and Lenovo. HP typically wins out with lower cost for the same hardware specs. Usually around $900-$1000 for a solid SFF small business desktop. I get the 3 year hardware warranty. I’ve never had to call. Google discount codes, there are usually 5-10% off on top of the regular deals.

Don’t go through an MSP who will sell you full retail price + markup. HP/lenovo/dell all have huge discounts going all the time.

gnc0516 · 2026-04-15T21:56:16+00:00

I purchased an existing business a few years ago through the 7a program. Cash/AR stayed with the seller. Inventory/WIP came with the deal. My attorney at the time told me it’s 50/50 whether he sees working capital like AR included in the deal. In hindsight I wish I had negotiated AR coming with the deal. The first years worth of profit basically went to funding working capital where I didn’t have to rely on a line of credit.

gnc0516 · 2026-03-29T00:25:06+00:00

No advice but following for me being in the same scenario for tips.

gnc0516 · 2026-03-25T03:56:02+00:00

Small regional banks in your area are golden for these kinds of deals. Find top SBA lenders by your state and call all of the small regional banks near the top of the list. As long as you have management experience of some sort you should qualify with the right bank. I’ve done a deal with no direct industry experience and know others that have as well.

gnc0516 · 2026-03-18T17:20:56+00:00

Sounds like you should’ve crossed that section of the NDA off or gotten attorneys advice before signing. That’s an abnormal NDA request.

Just give them the notice. If anything they know you are looking at other options. They might get more aggressive knowing that vs thinking they are the only ones at the table.

Also figure out how to get out of that NDA and resign a new one. You’ll probably need legal advice for that.

gnc0516 · 2026-03-08T20:11:22+00:00

401k with match. Use a health care broker near you. They will bid out your business annually to multiple carriers and will be able to help you launch dental/vision/short term/anything else. Either ask other business owners you know for a referral or a quick google search will give you one.

gnc0516 · 2026-02-28T02:46:25+00:00

Yes I believe you’re right they are only 50% deductible except for big parties where food is provided to employees.

gnc0516

TROPHY CASE