George Kamel
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Appearances Over Time
Podcast Appearances
And I think you can have a great childhood and not buy your way into it.
Well, and if you're in debt.
the whole time they're going through childhood, you're not gonna be fully present.
You're gonna be stressed.
There's going to be financial burdens that will take you away from letting you enjoy them as children.
And so I think a short time of sacrifice for long-term gain, especially as they enter their teenage years, which is when things really get expensive,
You know, they're going to start wanting, there's clothes, there's prom, there's all the activities, the sports, college funding, all of that.
You're going to be able to do so much easier without this debt in your life.
So some of this is just not feeling the dad guilt that you're doing a bad job.
And some of it is going short season.
Okay.
What's the net profit of the business every year?
Okay.
So they're basically valuing it at a little under three times that.
At 300,000.
Yeah.
Okay.
Have you talked to him about a potential agreement where you basically pay him income out of the profits until he hits a certain amount?
Yeah, that's a much safer way to do this.
And the only way I would do it is this sort of sweat equity agreement where you pay him a certain amount of the profits.