The big check we've been waiting on came in. Ten grand. Wow. The business is paid for and then some.
I was shaking when I was holding it. I've never seen a check that big except my tuition checks! The teller at WaMu had to call over her manager because she couldn't deposit checks that large. (I wonder what her limit is?).
With this money, he can write his first paycheck out of the business. That's right, he can write his own paycheck. Wow! Write a paycheck. Write a paycheck to himself.
I'm trembling as I type this, and I deposited that check five hours ago. This is big. This is maybe even bigger than graduation. He did all this on his own. He dreamed it up and he executed. He made his own niche skill, he made his own connections, and he is making his own way. Now he writes his own paychecks. I am so very proud of him. For his talents, for his creativity, and most of all for his bravery.
4 comments:
What fantastic news, a hearty congratulations and huge well done! I’m thrilled for you both.
Congratulations! Sounds great. But does he not have to invest back into the business?
I remember getting my first paycheck from a salary job. It was more money than I had earned in a long time. Then there are those checks that have five digits on them, which are very rare but nice, only one of those in my life. I have never received a six figure check (yet :) but that would be fun too.
Glad you got the debt paid back and he's now solvent. The ability to draw an income off of a self start is a great feeling. I hope he also considers his taxes and keep a business reserve just incase he hits a future snag. When I used to run my small business it was nice to write myself a paycheck. One day I will return to working for myself but right now I'm enjoying stable income until the debt is gone.
Congrats!
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