MGB: these aren't my skirts showing, they are my bloomers!

Oct 08, 2008 20:19:40
twigworker

Actually this was a post that I added to my "...stock market..." thread below, but after posting it I realized that the thread was about to get pushed off the front page, and after I had spent so much time typing it up I just hated to see it disappear. Vain? Probably, but to know that some of you have read it perhaps it will be a comfort in some twisted sort of way so here goes...

***************

I feel compelled to say this...

I think that I am like the average Joe. Not that the average Joe has done the same things, but I suspect the average Joe has had more trials and tribulations in his life that he would ever admit. I have been working my ass off since I was twelve, but in 1966 I dropped out of college after one year to go fight the commies in Vietnam. After I had officially left school I found that none of the services would take me because of my eyesight. Good thing? Probably, as otherwise I might be rotting at the bottom of a rice paddy right now. So anyway, I ignored my uncle's advice to go into the radio business and started working on cars like I had been doing off and on through high school.

I started my "professional" life in a Lincoln-Merc MG dealer, moved to another one that was about the same thing only with a FIAT sign added and then back to the original one. Made more money than I could spend because I hustled the heck out of myself and knew how to manipulate the factory warranty system.

Went to a party up in the mountains during the winter of 72 and liked it so much I went back to Greensboro, sold some goodies, packed my toys and moved up to a cabin on Howard's creek. Soon thereafter I parked my tools in an old building on King Street in Boone and began taking in everything European. My days were spent working on cars and with my feet on a pot bellied stove with a bottle of cheap brandy in one hand and a Marlboro in the other.

For some unknown reason my shop grew and grew and grew until one day I just lost it over having to deal with idiot customers. I sold the thing to an employee and built a road rocket VW van. One of my more proud achievements, it would sit at seventy five up hill, down hill and around hill for any number of hours I want to sit in it. I wish I still had it.

After a long trip through Canada and out on the west coast I ended up, skip LOTS of details here, back in Boone where I met and eventually married Kathleen. We tried really hard to make a living during the Carter years, but no one had any money, much less enough to spend on gasoline and vacations in the mountains so we packed up and moved to Monticello Florida where I had the bright idea to market my car smarts in the written word, LOTS of details skipped here. That failed and I lost every penny that I had.

With kids to feed I drove over to Tallahassee, about fifteen miles west, and got a job at Frenchy's Foreign Car Service. Frenchy was the hot ticket in town, with all the MB and Rolls business that he could handle. I was there for about a month before he walked up and fired me without giving a reason.

I went up the street about a block and rented a mini warehouse and moved my tools in. In about a month Frenchy's main guy came around and joined me. Mike was just about the best all around, most fearless Mercedes technician I ever saw.

We stayed in the mini warehouse for about six months and then moved to a better facility on South Monroe street. Autohaus began to grow there and I took on several mechanics and a parts manager.

After a while it was apparent that the northeast side of Tallahassee was where all the money was so, like Willie Sutton told me to do, I bought some prime commercial property on Capital Circle and built the finest automobile facility that Tallahassee had ever seen, dealer or no dealer. Lots of technicians, secretaries, bookkeepers, receptionists, service writers, gofers and all of that stuff.

During all of this time my family grew and we built a rather large traditional home in the most affluent community in the county. Bankers, lawyers, Bobby Bowden, doctors, and the like.The overhead was horrendous, but the income was equal to it.

All the while I had my nose to the stone and a gin and tonic in hand when I wasn't at work.

It took about seven years to get to the point that I just hated going to work in a tie or at least a pair of khakis and a polo shirt, so when a guy walked in the front door one day and loudly exclaimed that he wanted to buy the place, I heard him all the way down the hall in my office and fell to my knees, thanking God for the rescue. It took an hour of haggling out in the parking area and a years worth of lawyer type financial negotiation to finalize the deal, but it did happen.

In the end I walked away with a certified fortune and one of the worst cases of anxiety/depression disorder that you can imagine.

We sold everything and moved back to the mountains where I immediately fell into the pits of Hell. If you have never experienced real anxiety/depression you have no idea what it is like. Hell cannot be much worse. It took me about two years to get to the point that I was healthy enough to be let loose on the public and during that time my family never changed their lifestyle from what it had been in Florida. When I woke up all the money was gone and I began to dig myself out of the hole that we were in. It was difficult though as it would take another ten years to get to the point that The Black Dog, as Churchill called his affliction, would leave me enough so that I didn't' wake up and go to sleep with mortal fears and body shakes.

Until this past spring I was doing pretty well. My daughter had married a great fellow, by twig business was doing well and my wife had found her calling in real estate. Together we made more money than we needed and spent it anyway.

A few months ago things began to look a little weird. The trade shows that I used to sell my stuff started to attract fewer and fewer buyers, and Kathleen's brokerage business had fewer and fewer folks walking through the doors wanting to buy the zillion dollar houses that are all over the place up here.

Lately my twig business has flattened out completely. I still have a few retail store customers and I am still in a few catalogs but overall the sales have dropped by about 80 percent. At the same time Kathleen has seen her commissions drop by about seventy percent. Times are tough at the Austin house these days.

I have very recently decided to expand on what until now I had considered my personal therapy. I have a few Jags, Healeys and MGs that I have been maintaining but now I am actually going to advertise my services as being the "expert from afar" and take in LBCs that I know something about and that are owned by folks smart enough to pay a reasonable wage to a knowledgeable guy to keep their toys on the road.

I am hoping that this will be enough to cover my living expenses for a while. The mortgage is only slightly outrageous. My Blue Cross policy is obscenely expensive and I do still owe on the Outback and the truck so I really do have to make a few dollars every month to keep the wolves at bay. At least Elliott and Emily are off my payroll, well mostly. ;-)

We are surrounded by trust fund babies up here but I have no 401Ks, no stocks, no inheritance, no more savings. I am looking at this "recession" with some pretty steely eyes. For a sixty two year old guy, I would have expected more of myself at this point in life, but as I say I suspect that I am closer to "normal" than most folks will admit. I have made some poor business decisions in my life and I always did what my mother told me to do. I "worked hard", but I didn't work smart, and in the end that has come back to bite me on the ass.

Not withstanding any political discussion here I am terrified that BHO will be elected. I am convinced that if he is elected the economy will rise for a few months and then begin a steep decline that I am not sure that I can survive. This is very serious business boys and girls for us old folks that don't have too many more years in which to turn things around.

I am happy that I never got involved with the stock market, and I am happy that I was never taken in by flaky people wanting me to invest in their dreams. My failures and mistakes were my own, but I am not happy at all that I never learned how to really manage my money and now find myself nearly helpless in a world full of sharks, charlatans and do-gooders who are intent on taking everything that I still have and giving it to some asshole that never bothered to break a sweat in his entire lifetime.

I know that this is really awful to disclose such deep family and personal skeletons, but as I say, under the present circumstances and listening to the folks who have made something out of their lives, I felt like someone had to speak up and tell a real life story that might ring a little more true to some folks.

I might leave the board for a while after pushing the "Post" button just out of sheer embarrassment, but what the Hell would I do then? I feel close to lots of folks here and would miss you all too much to just disappear. LOL

End of rant. Jack



Oct 08, 2008 21:35:21
LuvMyMG

Wow Jack, my flabber is gasted. Seems you've lead a very interesting life, odd how it never seems to work out like we imagine it would. You've got 9 years on me but I'm kind of in the same boat finacially. Been on disability for about 6 years, my dad died 2 months ago and have had to move to a town I loath to care for my mother. Got a neighbor to rent my home with option to buy so not stuck with a mortgage on a home I'm not living in, just losing all my equity and thousands I've spent on upgrades. The ex has been bouncing payment checks on a truck thats in my name so will most likey have to repo that and sell at a loss. Since the value of everything has tanked I'm upside down on vehicles and have 13k in credit card debt. Seriously thinking of selling the B but it's paid for and I've had it forever. Better to let it go to a good home than rot in the backyard since it rarely gets driven anymore, I suppose. I know somehow I'll pull myself out of this mess as I've done before, but at 53 it ain't gettin any easier lol. I know you will as well, you've obviously got alot going for you. Feels strange sharing this with everyone but I'm a bit isolated here and it feels good to vent. I've been coming to this site for years and even though I've never met any of you, you're like friends in a way. When I start stressing about everything, I have to remind myself that its all temporary and once I'm dead it won't matter lol. I wish you the best!

Oct 09, 2008 06:23:19
snoski

Jack and Jim,

We come to this site, maybe to escape for a while, thinking that everyone here must be well off enough to afford a toy or 2 or 3 and in some cases 4 to play with and tinker on. And some here are; but I feel many of us are to some extreme in the same lifeboat and trying to keep the water bailed out so we don't go under. Reading the two above posts rings familiar and I thought it was just me. Afterall, at 57 one should be set to retire soon with mortgage paid up and no worries if Social Security goes belly up or not. I dream that was the case and shamefully spend a couple of dollars a week on lottery tickets, and let the imagination run wild with "what-iffs".
The government and Wall Steet has deepened the anxiety and I hope the ones in the boat can survive this approaching storm...
Good luck to the guys here that truly need it...Myself included...

Oct 09, 2008 06:42:16
Michael Fliegel

Hang arond, Jack. We will get through this. I wish I lived in North Carolina so you could help me with my car..... :)

Oct 09, 2008 08:16:49
Baytraveler

Jack,
Your not alone at all. The market can't evaporate 2 trillion dollars of wealth and not have a huge affect on a lot of people. I'm deeply concerned as I've been directly affected by this economy for the past 18 months. I've been able to make adjustments in the way my business is run which has helped on the income side but has hurt on the efficiency side. Like many of you, I have to work harder in order to stay in place and if the economy continues to tank, I cannot make any more adjustments so income will fall quickly. I'm self employed and therefore my retirement is self funded and I'm getting crushed right now. I know, I know, I have 20 years to recover, but I've managed to put 15%+ of my income into retirement for the past decade and to see it getting hit so hard is very unnerving. I try to rely on history and don't plan on touching it right now and will make adjustments at the end of the year when hopefully the dust has settled. My situation is different than yours as I was a father at 40 and again at 43 so my kids will be finishing college close to the traditional retirement age. I also have a 15 year old attending college in the next 18 months! With all that said, we're all being affected, but your post urged me to respond as you sound like you've been punched in the mouth.
Is 62 old? I certainly hope not. I don't see myself retiring and hopefully I can work in some capacity of my choosing until I die. In your case, you certainly sound like a very talented guy who has taken a hit that wasn't planned for. Living in Boone, you live in one of the most beautiful spots in the US and if you can build your LBC business to the point that you're paying the bills throughout this rough spot, you'll at least be living in an area where the absolute beauty puts you in a better situation than most!. Hopefully you can resume the twig business in better times. If Obama gets elected, don't fret. Maybe I'm the only one, but when it really gets down to it, the President doesn't hugely affect us as individuals who work and have a direction. When President Clinton was elected many people had the same thoughts that maybe you do now. Things didn't work out to bad in the overall scheme of things. Bush gets elected and I doubt things have turned out as maybe you envisioned it? The only elections I can look at in my lifetime that really were game changers was the election of Carter and the subsequent election of Reagan. One can argue all day about the root causes for the election of these two Presidents and their terms, but no one can argue at the impact they had on this country. Is Obama another Carter? Absolutely not. I do think that whoever gets elected will be 4 years and out. I think we're 18 months into a rough 5 year period. I don't hear anything coming from our current candidates that is really all that different than what we have heard in the past and that's why I think regardless of who is elected it's a one term deal. If you can come out on the other side making ends meet, you'll be ok. Don't let the political pontificating that we experience 24/7 affect what you need to do. If you believe some of these knuckleheads, we should all pack up and move because America is going to become a third world country! Don't believe it. It was said in the late 70's that it was the end of American dominance and Japan incorporated was going to be the dominant economic power in the world. The Japanese were buying up the US, NY City was going broke, we had severe inflation, yada, yada, yada. You know the deal here. Does it sound familiar? I do think things are going to get worse, but I also think that America will lead the way out this morass. I also don't think it will become 1979 again. Don't fret my friend, just do what you do well, build another business at age 62 and use the lessons you've learned in the past. Meanwhile, I better get back to work!
Hang in there,
John

Oct 09, 2008 08:25:49
jgbowman

Jack,

I appreciate your candor. We all have our own demons, and I suspect your story is not that far afield from many of us on this board. I've not been through the same trials, but have been through some of my own. I like the fact that you usually make sense to me, and I can understand where your coming from. Your welcome on my doorstep anytime you make it to this side of the mountain.

Oct 09, 2008 09:16:37
blundgren

Thanks for sharing, Jack. I think there a lot more people around that are in the same boat. I know I damn sure am. Work for a family biz, our retirement plan is you get to retire when you die. Going through a divorce, raising my 17 year old son by myself (but loving it!). Three years ago, our local bank in which I owned a substantial amount of stock, was bought out for what for me was an obscene profit. Wife and I spent a bunch of the windfall, remodeled house, paid cash for a new truck, etc, etc. Three years later (the sale was half cash, half stock in the new bank) that bank stock has gone from a high of $22 and now stands at 30 cents! Poof, there goes any money I had. I feel fortunate that at least I have a steady paycheck, but man it just doesn't go anywhere. Can hardly afford even a small vacation. And, I certainly don't live lavishly, no $20K bass boat, no hunting lease, love to play golf but can't afford to very often. Just trying to struggle through. And I know what you mean about anxiety, suffer from it myself. Guess it doesn't help wondering how I'm going to get my son through college, and he wants to go to med school, no less! Guess we'll get there, somehow.........

Oct 09, 2008 09:48:42
don4975



Jack, amazing post. You’re not alone. I don’t have the vicissitude (or time) to provide my life’s story as you did but know that everyone here has a story, some good and bad.

If you chose to leave, your common sense, fair approach and writings will be missed by many, especially by me.

It’s an odd phenomenon how one can have friends on a website but true nonetheless.

All sorts of stuff happens here…everyday life, sometimes death, some great diatribe and some heated arguments.

Always look forward, remain positive and look for money making opportunities and never let ego get in the way. There is gold to be found everywhere and it all adds up.

One thing is for certain, if you do nothing, nothing will happen.


Oct 09, 2008 11:12:07
Simon

Jack - ditto on "the Black Dog". Seems he's back this way again, and probably not helped by the health scare (still unexplained) that I had a few months back.

Workwise - after finishing my apprenticeship with The Royal Australian Air Force, I spent then next 20 years running short -term (6-12mnths) contract designing radio commuications systems, telephone networks, computer networks and sometime hybrids of all three..

After twenty years of that I got pretty fed up of not knowing when/where I'd be working next (and I guess my then wife did too) and we settle in a small country town and set-up my own Commuications business.


Looking around this forum, it seems we have a great group of diversfied work interests, hobby interests but we have one thing in common LBC - namely MGB. Do we always agree with each othger - hell no, but I do know my life wouldnt be the same with out all of you.

Jack - take care of yourself mate..

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