It starts by engineering a bare bones budget of about $4000/mo. to make profitability within the recession a reality. It should allow me to:
1. Care for myself and my children
2. Remain in business
3. Obtain and properly manage a surplus of cash.
The proper management of a cash surplus is prioritized this way:
1. A financial reserve that would cover 6 months of expenses -$24k
2. Pay off all debts at a rate optimized for improving my credit.
$7,400 b. WAMU Card
$1,500 c. CapitalOne Card
$750 d. CreditOne Card
$1,200 e. Parrot Digigraphic
$750 f. New Orleans Packaging and Shipping
$650 g. Royal Mail Service
$3,000 h. Peter Apostolos
$45,250 Total Debt
3. Profitable and responsible investment of surplus funds into various degrees of liquidity.
a. Cash
b. Home Ownership
c. Commodities?
d. CD’s
e. Bonds?
f. Undervalued Stock?
g. Rental Property
