Net Worth Week 77 – Flexibility Helps Edition

Gentle Readers,
I am off to my sick relative this afternoon. I will miss 3 days of work for this visit, but seeing him before the radiation and chemo wreck havoc on him will be worth it. Thankfully, I just had to pay the cost of taxes since I still had miles available.
It’s been quite a busy week. I put my first invisalign tray in on Tuesday and it was painful. It is stillpainful, but the pain for days two and three are different from day one. I met with my client yesterday to fulfill his last minute request, and earned a little money for my business. I gave my business another loan this week to get me through the next month. Hopefully, that will be the last loan necessary. The downsides to owning a small business include needing to handle things even when your family is in an emergency.
For my relative, I have no idea how he’ll respond to treatment. If he’ll respond. So far, he is in remarkably high spirits. Perhaps my girlfriend was right to believe that my family’s ornery-nature could prove the odds wrong???

This week’s net worth numbers

9/22/2017 9/29/2017
 Joy 1109 1109
 Travel 1  1
 Down Payment 19 19
 Retirement 21 21
 Health 46 46
 Moving 286 286
 EF 11 11
Business 5 5
Life 4548  3466
 IRA  14213  14542
 Brokerage 837 827
 Rewards Card 2 0
 CC (largest) 0  0
 CC (longest) 0  0
 Rewards Card -6270 (BT)  -6270 (BT)
SL 1 -105734 -105849
SL 2 -46596 -46649
 Earnest -3160 -3167
 Net Worth -140664 -141602
 Percentage Change .49% -.67%

How many times have your miles saved you money? I think I am at 4 or 5 “free” trips so far this year.

Checking in on a Delicious Venture – Perks of Being a Silent Partner

Gentle Readers,

I have one investment that I do not include in my list of assets or liabilities, because I don’t know precisely how to in a way that makes sense for me, yet.

I invested in a friend’s small business last summer. I am one of under 30 shareholders. I am a silent partner. This sounds terribly foreign to me, even a year later. In part, because I am an out of state investor. I invested on the strength of his paperwork and photos and his pitch.

My friend created a food business that I understand and believe he can succeed in. I finally got to check in on that business in person as part of my vacation trip today.

(when did this become my life? It sounds terribly mature)

20160512_143807

(checking out the kitchen and the sous vide)

It tastes incredible.  Seriously, my mouth is really glad I had to check out my investment. I now understand why all of his customers are spreading the word.

I do not know if my share will make a financial return. I believe it will, based on projections. He is attracting clients rapidly. I suspect that he’ll need to do another capital infusion in the next 12-18 months, unless there is a recession, because he will need to expand to keep up with the demand. It’s a good problem to have.

I also believe that investing in my friend gave him more than money. This business is great for him and for his relationship to his career. He was floundering after leaving his former profession, and came up with an incredible idea that he was capable of executing. He just needed capital. The change in him has been incredible to see.

Even if I end up writing off this investment, my money is worth what it can do to make the world better. One person at a time.

Have you invested as a silent partner?