Post image for Dear DAD (DeliverAwayDebt)

Dear DAD (DeliverAwayDebt)

by Ryan Yates

This post was inspired by the artist known as the Ninja. The Ninja draws (almost as good as my 2 year old) at the personal finance blog called Punch Debt In The Face (PDITF for short). Every time I think of PDITF is think of NKOTB. If you are old enough to remember, NKOTB is the New Kids On The Block which I see is touring again. I can just imagine the crowd at those shows. Anyhow back to business. Punch Debt posted a challenge to write a letter to yourself in 10 years. Crazy things can happen in ten years, do you know what Tyler Durden is doing in 2020? Keep reading to find out, it’s simply amazing.

It would be awesome if at least a few of you fellow PFers followed suit and wrote to your future selves. It’s an easy and efficient way to share with your readers, not only what is important to you today, but what you hope is important to you 10 years from now

I think this is a great way to help visualize the future and begin the process of setting milestones to reach any lofty goals you may have for the future. If we don’t look forward and attempt to put plans in place to better ourselves and our families, then we run the risk of being in the same place 10 years from now. Like a budget, on paper and on purchase is the way to achieve your hopes and dreams for the future.

Dear DAD,

I know a lot has changed in the past ten years. I wanted to write to you and tell you that you are still a wonderful dude. Your wife and children love you like they have always loved you. Now that you have a warm and fuzzy feeling, let’s talk about the past 10 years of your life. Remember Jeff, I’m writing this in 2010 so some things may be a little different but not too different.

Baseline 2010
As I write this you have been married for almost 4 years and have 2 lovely children. You live in a small house in a nice neighborhood near Detroit. You have two dogs Cody and Fletcher. You have just celebrated 10 years with GM and 2 years delivering pizzas on the side. You are in debt and working you a$$ off to get out of debt. You write a blog titled DeliverAwayDebt detailing personal finance topics and how to handle getting out of debt. You are very happy and smile and laugh as much as possible.

Fast forward to 2020

Is your wife still the most important person in your life? She’d better be. You would not be where you are today without her love and support. Look up at her right now and tell her you love her (I know you are reading this to her right now). You both are sitting at the table watching the kids get ready for school. Ryan is almost 13 now and Reese is 11. I’m sure there is at least one more child in the mix too (his/her name escapes me πŸ™‚ ). Cody and Fletcher have passed on and I know that you have not purchased anymore dogs, right? It’s sure nice to be able to sit and eat breakfast with your lady now that you own 2 pizza parlors. Yes you still work your butt off, but you continue to make time for the important things in life – your family.

Five years ago you made a decision to open your first pizza shop. It was a great idea wasn’t it. I know opening the store while still working your day job was tough but you needed to be sure you could make it before quitting. I’m proud of you for making the sacrifice during that extremely long year. It all worked out in the end though didn’t it? Two years ago you opened your second store and have plans for a third later this year. The best part about the businesses you started with was the funding. After paying off all your debt ($101,000 in just over 2 years), you financed the first store with cash. Yes you are renting the building but everything else was purchased with cash. After working hard and saving you we able to buy a building for the second store and pay cash again with the profits from the first store. I’m proud that you have never gone back into debt. Living below your means has been worth it and you are quite happy with life, aren’t you?

I know you are still doing some type of blogging but I’m not sure what they call it these days. You have still have DeliverAwayDebt out there somewhere just for the memories. Do you remember those days? Working your butt off two jobs to get out of debt and writing about your adventures. Those were some great times and all the lessons you learned about money and how to make it work for you have paid off. I’m glad you and that beautiful lady sitting across from you chose to get out of debt. Your life would not be as great as it is now without the hard work and sacrifice you both made 10 years ago.
What other hobbies do you have now? Ten years ago, blogging was it because of your lack of extra time. I hope you are taking some vacations now and enjoying them. You’d better be working out a little and riding your bike. You are 44 years young now and you must to take care of that body. I trust that you are still not drinking or smoking because you’ve already done enough damage with those vices earlier in your life.

How is the Cobalt running? How many miles does it have now? I know you are still driving it every day, remember when you use to lease cars? Yeah, that was pretty dumb wasn’t it? Yes you own 2 pizza shops now, but you don’t need an expensive car to show off your status. Status is for vain people, and you are not vain. Being vain has never allowed a person to retire early with over a million dollars in the bank. Yes, I know a million doesn’t buy as much now as it did in 2010. It’s the mindset that matters, I’m proud of you for not giving a crap what people think. Next year you will have been married for 15 years and you will be 45 years old. You need to begin saving money for a 2 week European vacation that you will be taking your lady on next year. You have been talking about Europe for years, book the trip this month. Please make sure to plan to be on top of the Eiffel Tower in Paris on your anniversary. You can propose again just like you did on the Eiffel Tower in Las Vegas many years before. The kids will be fine with their Grandparents so don’t even sweat it; you guys need this time alone.

It’s your turn Jeff of 2020. Please use your voice recognition software to speak a letter to yourself in 10 years. Yes that means you’ll be 54 and the year will be 2030. Good luck my friend, I still can’t believe that Tyler Durden is President in 2010 πŸ™‚


Forest March 25, 2010 at

Jeff, I have always wanted to visit Detroit…. It was actually the first place I ever went in USA (layover, stuck in airport on the way to Calgary) but sadly never set foot outside of the airport building.

… So hopefully some time in the next 10 years i’ll pop over for Pizza at one of the DAD Establishments…. I like Pineapple and Sweetcorn thin crust so make sure the option is available ;)…

Good luck for the next 10 years, you will achieve all that and more
.-= Forest´s last blog ..FREE DOWNLOAD -Tribes: We Need You to Lead Us by Seth Godin =-.

Jeffrey Kosola March 25, 2010 at

Any time my friend. Detroit is a beautiful and save place to work and live. Opps I must have been dreaming πŸ™‚ I’ve never had sweet corn on a pizza, might have to try it soon.

Forest March 27, 2010 at

Sweetcorn on pizza is yummy, especially a good crunchy kernal…. baby sweetcorn works great too.
.-= Forest´s last blog ..Who To Look To For Help When You Don’t Have God! =-.

Mrs. Money March 25, 2010 at

You must call it “Dad’s pizza parlor” πŸ˜‰ I love your letter- so sweet and heartfelt. Your wife is a lucky woman!
.-= Mrs. Money´s last blog ..Costco’s Return Policy Rocks =-.

Jeffrey Kosola March 26, 2010 at

@Mrs. Money I had just finished having my wife read the post when your comment come through. Thank-you and she’s on the fence whether about being a lucky woman since she get to see all of my faults everyday πŸ™‚

@MFO I read your letter, it was great. I’m hoping the pizza biz turns into a cash cow, but I’m going to stock pile some cash and plan for the worst.

@Derek I think you should write the letter. I found it to be a great way to begin to think about the future. We can sit around an see what happens, or we can visualize where we want to be and put plans and actions in place to get there.

@Megan Thanks for the cool points. I’ve never thought my sweet ride would get me cool points. Dork points maybe, but never cool points.

@Young&Thrifty NO buns in the oven. We are shooting for late next year (2011) or early 2012. I’ll be sure to let everyone know where the pizza joint is. I’ll be sending out “You Bake” pizzas to this crew πŸ™‚

MFO March 25, 2010 at

Nice letter! I loved writing mine as well!

The president of my company owned two pizza stores when he was younger, he said it was basically printing money. Apparently owning pizza shops is a really really good source of income! I’d love to hear how that turns out for you!

Derek Clark March 25, 2010 at

I love the format, I may have to write a letter to myself. Good luck with those goals, owning my own business is a dream of mine as well.
.-= Derek Clark´s last blog ..Quick and Easy Way to Simplify Your Budget =-.

Megan March 25, 2010 at

+2 cool points for driving a Cobalt!
.-= Megan´s last blog ..Michigan Earth Day Fest =-.

youngandthrifty March 26, 2010 at

Awe this is such a great letter! Are you starting a rumour that there’s a bun in the oven of your wife? =)

When you open up that pizza shop, let us know where it is, I’ll try and stop by for a slice of pizza! =)
.-= youngandthrifty´s last blog ..One Up on Wall Street by Peter Lynch Book Review and Giveaway =-.

Financial Samurai March 27, 2010 at

Nice letter Jeff! I like how you mention your kids and their ages in 10 years. They’ll be a handful, and so different and wonderful!

I hope to be retired in 10 years frankly, and just doing some online business and traveling.

Hope we are still around then!


.-= Financial Samurai´s last blog ..Interviewing Is Like Dating – Hubba, Hubba! =-.

Jeffrey Kosola March 27, 2010 at

That’s awesome Sam, I wish you the best in getting to retirement in 10 years. I’m sure we’ll still be around somewhere in 10 years, I’d love to know where though. I watched the movie 2012 the other day. If you haven’t seen it, the world as we know it is destroyed in two years. My fingers are crossed, I can’t wait for my kids to be pre-teens and have no use for me anymore haha.

Financial Samurai March 29, 2010 at

Pre-teens, and then teens! The best years of a parent’s life i hear!! πŸ™‚

Saw 2012… movie kinda sucked, but worth a DVD rental!

.-= Financial Samurai´s last blog ..Interviewing Is Like Dating – Hubba, Hubba! =-.

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