Monday, February 13, 2012

On my way

Last night my wife and I were talking about the studio and how we were going to start. My kids have been sick and they were at the point where they felt just good enough to be rowdy. So yesterday I went down to the basement to measure and begin to plan the layout. Kids in tow!!

Now we haven't told the kids what the plan is so of course there were a MILLION questions. "Daddy why you measuring?" "Daddy whats a mixer?""Can we make cupcakes with it?" The whole time I am dreaming of what it will be like to "Go to work" and it either be in my basement or at a studio that if the kids miss Daddy they can come and say hi.
So I draw the basement to scale in on some sketch paper and copy it. I drew up a layout and was so excited that I grabbed the kids sidewalk chalk and laid out the studio.
I will start my business part time out of my basement but don't let that fool you. I have an 1100 sqft basement that I will take full advantage of. It is gonna be killer!!!!

As for the kids I cant wait until the day I can come home for lunch or bring them in to work with me. Who knows with that kind of childhood they could grow up to be the next great artist or producer!!!

Next starts the planning phase for construction...

Thursday, February 9, 2012

Feel the fire

I have been in a lot of recording sessions. Last Monday was the most excited I have been in a long time. My band "Born from Desecration"is in the process of recording. We are recording 4 songs for now as we search for a vocalist. I went into Monday with little expectations because in the past recording was always such a tedious process. We we able to get a good sounding drum track in 3 takes. Aaron you rock!! Everything started coming together and we will have 2 finished tracks in a week.
As for my studio dreams they are still there. I am working to acquire the pieces that I need and I am going this weekend to get estimates for the drywall and lumber that I will need to build out. Right now it looks like about 1100 sqft what we will use in the basement to build the studio.
 Until then
Stay Frosty!!!

Monday, February 6, 2012

Impact and words

Human relationships fascinate me. I recently was talking to a friend of mine Brandon Sire.I have never met him face to face but we have build a friendship up over the course of a couple on months. I was reading his blog and I felt his pain. I have been in that place before..
So I hit him up on Facebook and was just reminding him to appreciate his accomplishments. What I got in return was something unexpected. Not from him as he thanked me for reminding him to stop and smell the roses. What was unexpected was the feeling of being able to help out someone only with words.
We interact with people all day long either online or in person. Do we ever really take the time to think about those interactions? If a little reminder can "light a fire " under someone to help them achieve their goals what if you always interacted positively?
We all comment of friends statuses on Social Networking sites. But as you write that next comment think to yourself?? Does this build up or tear down that relationship? I am truly thankful that I can share my life experiences with others to help them.
As for my friend Brandon.. He is gonna be okay. He is focused and ready to take on the world he just needed a push.

Baby Steps!!

So as I work on my business plan I have been working to get my personal financial situation in order. Recently I got my tax refund. It would have been really easy to use that money to get the equipment that I need to build my studio.
I decided that there was some other things that I had to do before I could get my business up and running. Just 6 months ago I was struggling financially. I received news from my bank that they were raising my mortgage 500 per moth due to an error with the escrow account (the banks error) So I called before I was late to tell them that there was no way for me to meet that obligation. I asked for a modification to my loan. The said I had to be 30 days late in order to apply for a modification.
At that point I was preparing for the worst.I was looking at rentals and assessing the damage that would come out of a foreclosure. This caused a great deal of stress on my family.
So I did not pay my mortgage in October and applied. I was turned down in December. Now I am 3 months behind.In the meantime I was paying down debt in record timing. I paid off all my credit cards( about 3000.00) and then I applied again. the whole time I was waiting to hear from the bank I was a debt paying machine.
I got news two weeks ago that we were approved for a modification. YAY!!
Now it brings me back to my tax return. So instead of putting the money towards my business I decided that it would be better to become more financially independent. I took the money and paid off a small loan and one of my cars. The feeling of paying these off has been one of the most rewarding things that I have done in a long time.
So how did this help me?
Well between the credit cards, car loan, and the other small loan that I had it saved me about 750 per month. That could be a potential 9000 per year that I can save to put towards my business venture. Not to mention the interest that I have saved by paying early. As long as I don't run up the cards I will get this amount every year and I will never!! be in this position again.
This year is going to present opportunities that I did not have before. Is this the year I get rid of my Student Loans and My other car payment!!  Seeing the impact that live can have I hope so. If I can reduce my debts and increase my disposable income I will be working for myself even faster than expected.
Till then...

Terry