Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

Obsessed with DEBT... $1M in the hole!

30 Oct 2025 · 0 min

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0:01

Mike Andes talks to someone carrying $1 million in debt who makes $60,000 a month in project revenue but pays $35,000 monthly just on loan payments for the equipment needed to do the work.

Questions this video answers

$60,000 per month.

$35,000 (per month).

"90." (as stated in transcript)

How much we still owe on this?
90.
Do you think you could sell it?
I don't want to. I'd rather struggle for a little bit longer.
He was doing $60,000 per month in revenue on projects, and in order to be able to have the equipment required to do that, $60,000, he was paying $35,000 worth of loan payment.
I've been struggling for this long, you know, years. Like, yeah. What's a little bit. Yeah.