VEXATIOUS CALCULATIONS CAST A DARK CLOUD ON BUSINESS OWNERSHIP FOR HOME OWNERS
The idea that owning a home makes it possible to own a business is a good idea if you are the landlord but a dangerous idea if you are a home owner. If your home where you shelter your family is all you own, even if you do not owe on the home you own, you could have to sell it if you could not pay your business lease.
WHEN YOU OWN YOUR OWN HOME WORST CASE SCENARIO I WOULD SAY WOULD BE TO OWE PAYMENTS FOR YOUR EQUIPMENT AND INSTALLATION AS WELL AS THE LEASE EXPENSE. IF YOU ARE OWING FOR A MORTGAGE ON YOUR HOME AS WELL YOU BETTER HAVE A LUCRATIVE BUSINESS.
BANKS MIGHT PRESENT HOME OWNERSHIP AS AN OPPORTUNITY, BUT ONCE AGAIN I THINK THAT IS BECAUSE THEY ARE SECURE WITH YOUR ASSET OWNERSHIP AS COLLATERAL.
FROM A REALISTIC BUCKET IS EMPTIED ECONOMIC OUTLOOK, THE UNCAPITALIZED PERSON OR BUSINESS SHOULD SEEK TO OWE THE LEAST POSSIBLE LEASE PAYMENT AND INSTALL EFFICIENTLY AND ECONOMICALLY. IF YOU HAVE A LOT OF MONEY YOU COULD SPEND A LOT OF MONEY AND DO WELL OR NOT.
THE MONEY WHETHER IT WAS YOUR OWN, OR BORROWED, SPENT AND TO BE REPAID ALWAYS HAD TO BE EARNED BACK AND HAS TO BE EARNED ALONG WITH YOUR PERSONAL AND BUSINESS EXPENSES AND DEBT SERVICING COSTS.
The situation after a person owns their home outright is one where caution should be exercised. It would be safest to get a job where one got paid and did not risk losing house and home if the venture being worked at did not succeed.
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