When they came up with the rules they also gave a story to help us understand an example so to speak. sir called this buying a fixer upper.
when I met Jane she had just filed for bankruptcy now I do not blame her for this as a cancer survivor and newly divorced she had no medical insurance add to this the birth of her daughter 2 years before well for her it was a mountain of debit but for the plans I had for her this just will not do so I paid it off. Now many will say isn't that nice of him not so you see if I were to buy the co. I was looking at and gave it to her the creditors would have climbed out of every sewer in town and if she managed to pay them off she would not be able to expand like she would need to and in the long run it would have cost me more. This way with a clean credit record and my backing she was able to run and expand the company without always worrying about money she could hire the best and be sure they would be paid and this in turn made contractors come to her and lower cost while maintaining the quality that she demanded this was then passed to her customer and made her reputation grow in this way she kept both her high end one of a kind customer as well as later making her lower end mass production customer coming back. and this in the end made a company bought for 500K be sold for 5 billion and if you add the profit from 21 years to that you are looking at about 10 billion for an investment of 500K not bad at all. for a little girl with an A.S degree from a back water all girl collage. and that is the lesson of debt and how to make it work for you.
You see the amount of debt yearly went to defer the taxes owed.
excerpt from Jane: Of course what he does not tell you of are the nights he was up all night paying the bills and his worry of coming up with the cash to pay for my company. just allowing me to make my vision come true. He did the business and i did the creating he made sure I was always working from a firm solid foundation and neither did I till later and that was why I sold the company so we would finally have time for us.
Mari here Jane lived 9 years in retirement with sir James but if you asked him he would tell you it was worth every second of worry just to be able to sit back and watch her frolic and play. And of course she made sure he would never be alone she knew she would go first. And would not let him go alone.
