George Kamel

And at that point, he's cut off.

Yeah, but that's a very different situation than you paying him out of a percentage of profits.

Let's say 25% of profits to him until it's paid back.

You see what I mean?

Because then if the profits aren't there, you're not on the hook.

And so I would have a business attorney draft this up to avoid you carrying all of this risk.

OK, so if you look at 25 percent, you're talking 30 grand a year.

So it'd be 10 years to fully pay him back.

Now, you guys might agree on a different percentage.

Maybe it's 40 percent.

So he gets paid in less than 10 years.

But this idea that you're going to take on a quarter million dollar debt, hoping this all works out perfectly, is just you're jumping off a cliff.

Wow, that's very self-aware.

So they're going, hey, we'll knock out the debt with the sale of the home, but we know we sort of shortcutted it and it worked out.

But our behavior hasn't necessarily changed.

How do we make sure it's changed?

I mean, that's the honor system at that point.

But one way to know that is, have you actually been budgeting?

Are you living on less than you make?

Is there margin every month?