April has been one of the most challenging months I’ve had in many years. The Small Business Administration created the Paycheck Protection Program to help small businesses continue to pay their payroll, rent, and utilities. Many businesses had to shut down to prevent the spread of the COVID-19 virus. This process is not only completely new to the SBA but to the banking industry too. I feel confident that we were able to take care of our customers in a very efficient manner at the expense of our demanding work on the weekends. It was during this process that I was pushed to the brink where I had to reevaluate my career path. Thankfully, prayer, talking with my wife, talking with friends, and my counselor helped me to stay the course. Often, mistakes can be made in the heat of the moment that can destroy many years or even a lifetime of work. It is important to take a breath and not respond when you are not your normal self. Step away and talk it out with people close to you.
I was hoping to have my Dad’s cremation on his birthday, however due to the COVID-19 pandemic we decided to delay it. We did our final walkthrough of the house, and we hired a someone to do an inspection of the house. It was a cost worth paying for because he didn’t find any significant issues with the house. Personally, your house is one of the major investments that you can make in your life. Since it’s one of your largest investments, DO NOT be cheap. We had the option of purchasing an owner’s title policy. I was familiar of the title policy on the lender’s side, but the owner’s title policy is worth the investment, because it is used to protect the owner in the event of any issue with the land that the structure is built on. I suggest you make this one-time investment, because it protects the buyer for the life of the loan and for as long as they own the property. Research the owner’s title policy for yourself. This month became increasingly more stressful because the weekend we moved into our house; we also moved my Mom from her old apartment to a new one located in our old apartment complex. Fortunately, this apartment is within a mile of our house. I had some close friends show up, and with the help of my in-laws, we were able to complete both moves in the same day. I’m so thankful that I’m not having to go through this alone. I still remember my Mom telling me that my Dad regretted that he wouldn’t be able to meet Evie, and that he wouldn’t be able to see our new house. I wish he was still here. I hope and trust that one day I will see him again.
If you want to learn more about the self-lending principle or if you need a financial check-up, then contact me.
This month’s video is It Happens to 98 out of 100 People from the Video Advice YouTube channel.
“The LORD will send rain at the proper time from his rich treasury in the heavens and will bless all the work you do. You will lend to many nations, but you will never need to borrow from them.”
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