So, I’m just looking at amort calc online.

My current payment is around $10k. Like you said, this doesn’t change my rate problem. It just lowers my payment, and I must focus on tackling the principle in huge chunks. I don’t want to get comfortable and just let it ride the new term and keep making monthly payments. I really want to get this done and pay them off. I have five years left on it. With new terms, it will drop to $5,500 or lower. If the Fed decides to roll back on the hikes in 2024-2026, the loan rate might decrease to 7-9, but that’s if. But I can use an extra 60-70K which will free up my cashflow. Which I could literally use to pay the principle or hire a new person.

This is my ultimate goal. I got it down to 450K.

You can probably make more. Quite your job and go fulltime and focus on growth… get rid of few employees. I bet there are few just not worth keep them around.

absentee-run business are run poorly and always room to improve.

EBITDA = BULLSHIT. It’s a formula that most corporations use to measure. But if you ask Charlie Munger he might disagree with ebitda.

You need to calculate real net. Look at his statement, revenue and his cost and whats in his expenses (the middle part)

and whats remaining.

I read this book when I was in high school. 2008. I thought about opening a subway, and after reading this book, the franchise was a hard pass for me.

This guy nails it. I think most people just jump into the dream of a business owner and pour in loans and savings and end up doomed.

https://www.thefranchiseking.com/become-a-franchise-owner

450k I’m at 11% I ask the bank to spilt payment weekly. I need cash man.