danny
2.6K posts

danny
@1dannymc
Here: SMBs, snark, sports. Day jobs: healthcare CFO / ex-PE / @harvardhbs / @bcg / @vassar. 802 for life.


She trusted her husband to handle the Funds. Then she discovered they were $4.5 MILLION in debt. She later discovered the family was buried under $4.5 MILLION in debt, including: - $880,000 owed on their home. - $3.3 million mortgage on a business warehouse. - $120,000 in credit card debt. - $115,000 borrowed from her parents. - $100,000 in unpaid property taxes. - $140,000 in car loans. She also found out the business was struggling to make payroll, with unpaid IRS debt and mounting financial pressure. Dave Ramsey's response? This isn't just a cash flow problem. The business needs to stop bleeding money. His advice was to sell unnecessary assets immediately, including the luxury cars and warehouse… before the situation gets even worse. Sometimes the hardest financial decision isn't making more money. It's accepting that something has to be sold before everything is lost.








David Sirota, go fuck yourself. #copolitics










Working in finance is realizing that the job is often an escape from real life for a lot of people in the industry The MDs and VPs with children who are staying in the office past 10 PM instead of spending time with their kids The PE and HF portfolio managers who continue to stick around despite having a net worth that should have made them leave a decade ago Some of them are there because they truly love the grind. Others because they are deeply unhappy with their personal lives and view the job as the only avenue where they have full control over the outcomes The irony is that the unhappiness stems from all the sacrifices they made for this job in the first place, whether that is in their relationships or friendships But the stockholm syndrome is real, and their careers are so core to their personality that it is impossible to leave behind










