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Old 10-09-2008, 01:13 PM   #25
Mike_Jetson
Avalon Senior Member
 
Join Date: Sep 2008
Location: North East ENGLAND
Posts: 345
Default Re: my personal situation

Keep any spending down to the bare minimum right now. You obviously know the business very well. In this climate, buying a property can look way cheaper than renting so its an option, especially with a mortgage that lets you pay off more when you can and take back the overpayments if you need to.

when the other guy gets 49 %, you can safely say this 49 percent should come out after youve paid yourselves well for your time too, more than you would have got working for someone else. Then 49 percent out of whats left. No?
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