Bobby Mesmer
๐ค SpeakerAppearances Over Time
Podcast Appearances
And that's what I think that the gap is there.
Nobody's really teaching everybody what the right type of debt can be.
I'm a big advocate of not having debt, but because I'm in construction.
So for me and my accountants are always telling me, they're like, Bob, you got to take all debt.
And I'm like, yeah, but here's the thing.
When I look at it, I look at it as sustainability.
So when the economy goes down,
And there's not a lot of work out there.
Now, I'm a national company, so I can always fill the void.
But my gross revenue is still going to come now.
It allows me to continue to operate without the stress.
It allows me to not have to worry about all the truck payments, all the debt payments, the jet payment.
None of that matters because it's all paid off.
So I can weather the storm better than the next guy who's competing with me because he has all those payments and he can't weather the storm.
And now also on top of that, I look after my employee base.
I don't want to have to lay off people.
And that allows me not to lay off people because I can weather a storm.
I have money saved.
I have no debt.
The money doesn't have to go to the debt first instead of payroll.