Cars of beauty:
My first work truck, when I accumulated some money my nephew Ted Darnell painted it for me. It served me well. The first house I built I hauled everything in this truck, did all the work myself. That was before I learned the lumber yard would deliver at no extra charge. LOL
For Wednesday’s stuff:
I am wondering about this new normal… Now I see notes that read: Say goodbye to handshakes!
That takes me back when I first went into the business of building houses. I am alone with my attorney in his office after the closing of my 3rd or 4th house the attorney says, “Can I ask you a personal question?”
“I close for a lot of builders, but you are the only one I NEVER find a construction loan against the home. Do you have the money to finance a complete house?”
I laughed, “No sir, I borrow the money from friends and pay them 10% interest. They don’t report it and I just absorb the cost. That way I pay no closing costs and skip the paper work required.”
“Where is the paperwork?”
“I borrow on a HANDSHAKE. The only paperwork is a note in my safe to my wife, should I die, saying I who I owe what to, plus 10% interest.”
“You can’t do that, you need a paper trail.”
He then proceeded to get me in touch with a good hometown banker, I met him and we had a great relationship from there out until we could finance the houses I built without a construction loan. We don’t like owing money to anyone. I had an agreement with my wife, I would NEVER borrow more than we had assets to pay. Sherry is a good money manager. It is nice to have a lover who handles the finances. ;-)
Yes, there was a time that a handshake was as good as a notarized document handled by an attorney.
Life is good, things change and to fit in we must mold to life’s requirements. I am not too sure of this “NEW NORMAL STUFF!”