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  1. #41
    BPnet Royalty Mike41793's Avatar
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    Who pays for cell phone/gas/car insurance/ car repairs etc.?

    Im not trying to be an ass or mock you but unless you know your parents will pay for that stuff then dont spend all your money on a snake. In college your still going to want to have spending money too. Why dont you sell some of the champ combo babies you hatched to pay for most of the CG instead. You said that only 15 out of 50 of the baby rack spots are open so im assuming you have alot of champ combos in there.

    Also congrats on getting a full ride, you must be pretty smart!
    1.0 normal bp

  2. #42
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    Re: We got issues.... Lol

    Quote Originally Posted by Annarose15 View Post
    I just want to start by thanking you for your patience with the questions around your source of money, age, etc. A less mature person would have taken pretty strong offense to the implications that you're too young to have your own money, to have earned much of it yourself, or to be able to spend it wisely. I second the suggestions of presenting a formal business plan (spreadsheet, whatever) to your mom to explain your expectations, as well as giving her a chance to formally explain her concerns. Let her know in advance that you are going to have this discussion, so she can come prepared as well. Of course, she has final say until you are 18 (or older, depending on your inheritance conditions). However, very few mothers will say no if they are shown, responsibly, the vaule of an investment with all possible "kinks" having a contingency plan. And I want to see that CG Pied when you produce it!
    Well spoken.
    -Brock-
    1.0 normal (Monty).
    1.0 cat (Chooey).

  3. #43
    BPnet Veteran Ridinandreptiles's Avatar
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    I have a crappy flip phone so I can take care of cell bill , my moms firm has a gas card that I can get tax write offs with so I buy my own gas but its cheaper, remember, I have a job, ad my mom is ok withe me staying home my 4 years so that cover rent, I am mechanically savvy so I do my own car repairs


    Ryan Hatmaker - Hatmaker Reptiles-

    Colubrids and Sand Boas

    "Once you get your first snake, you've sold your soul to reptiles. You can try to leave or run away... but they will find you."

  4. #44
    BPnet Royalty Mike41793's Avatar
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    Idk i would say go for it then. Id sell off some of the champ combo babies like i said and help pay for the CG though. Invest in as many big normal girls as you can house/feed too. And then make lots of sexy CGs! And most importantly post pics of the babies you produce!
    1.0 normal bp

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    4Ballz (09-26-2012),Ridinandreptiles (09-26-2012)

  6. #45
    BPnet Veteran RoseyReps's Avatar
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    Alright, I'll get on board. You seem to have a better head on your shoulders than most 17 year olds, definitely better than I had at the time.
    So tell your mom you would like to have a reasonable / serious discussion with her on the future of your current investment, and where you would like to go with it. Talk to her about
    not only the coral glow, but other investment morphs as well. Explain to her everything you have explained to US. Give her a 5 year business plan, from right now, to 5 years from now including the different morphs and
    projected profit and loss for the upcoming years. Make sure to set aside an emergency amount, you know the expenses, etc. Make your case to her as if you were making it to a bank to get a small business loan. Except,
    and you might want to point this out in the closing, that you are not asking her to put any money in it. You are just asking her to trust you on your first big investment. Let her ask questions about all the different angles, the what-if's
    and anything else she can throw your way.

    If she doesn't feel comfortable with it, you only have a year until you're a legal adult. Tell her you would rather have her faith and support with your investments though.

    I wish you the best of luck, and I hope you are happy with whichever decision you make.

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  8. #46
    BPnet Veteran Ridinandreptiles's Avatar
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    Never done anything with business, so I'm gonna have to find a way to make this plan...


    Ryan Hatmaker - Hatmaker Reptiles-

    Colubrids and Sand Boas

    "Once you get your first snake, you've sold your soul to reptiles. You can try to leave or run away... but they will find you."

  9. #47
    BPnet Veteran RoseyReps's Avatar
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    It's basically a projected assessment and representation of your business. There is this link http://www.ehow.com/how_5081725_writ...ness-plan.html but it doesn't fit the bp breeder mold very well.
    You can easily leave out and adjust things to make them fit though. It's just a nice backbone to base a discussion on. Give her solid information, over-estimate costs, and be honest. Show her where you have come since you started,
    and where you could be with the right investments. You might be surprised when answering some of the questions, and seeing your financials on paper (or excel )
    Treat this subject as an investment / business opportunity..not as an "But it's so purty I WANT!" (even though it is...soooo purrrrtyyy) Being adult about the situation will go a long way me thinks.

    Also, perhaps ask her how much she feels comfortable with you investing into a new project. Try to take her suggestion into serious consideration etc. Make sure it's a 2 sided discussion so you know she's not just shutting you down in her mind / not really listening to what you are putting on the table.

  10. #48
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    Re: We got issues.... Lol

    You know, you might consider talking to a business investment firm or a lawyer or something. Just someone that could give you sound financial advice. And maybe talk to a reputable big-name dealer. Explain your situation and ask them to tell you whether or not they think it's a good idea to invest in a coral glow. If you did that, I think it would make a strong case to your mother. Or, it might save you a lot of money because the experts could say no and it might make you reconsider. It's always good to ask the opinion of sound financial minds and people that have become successful in the same market that you are attempting to do so.
    -Brock-
    1.0 normal (Monty).
    1.0 cat (Chooey).

  11. #49
    BPnet Veteran Ridinandreptiles's Avatar
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    Re: We got issues.... Lol

    Quote Originally Posted by BWyant View Post
    You know, you might consider talking to a business investment firm or a lawyer or something. Just someone that could give you sound financial advice. And maybe talk to a reputable big-name dealer. Explain your situation and ask them to tell you whether or not they think it's a good idea to invest in a coral glow. If you did that, I think it would make a strong case to your mother. Or, it might save you a lot of money because the experts could say no and it might make you reconsider. It's always good to ask the opinion of sound financial minds and people that have become successful in the same market that you are attempting to do so.
    lol my mom is a lawyer! and i have talked to breeders wit CGs AND SHE WAS THERE at shows and not one person has said its a bad idea. Im going to create a buisiness strategy and hope for the best. ill let y'all know how it goes


    Ryan Hatmaker - Hatmaker Reptiles-

    Colubrids and Sand Boas

    "Once you get your first snake, you've sold your soul to reptiles. You can try to leave or run away... but they will find you."

  12. #50
    BPnet Veteran Ridinandreptiles's Avatar
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    okay, im done preparing my document and will present it to her tomorrow! wish me luck!


    Ryan Hatmaker - Hatmaker Reptiles-

    Colubrids and Sand Boas

    "Once you get your first snake, you've sold your soul to reptiles. You can try to leave or run away... but they will find you."

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