4.7 • 703 Ratings
🗓️ 9 March 2018
⏱️ 14 minutes
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0:00.0 | Welcome to RJ Answers. Joining us today is 27-year-old entrepreneur Adil Jama. She's the owner of |
0:07.9 | Hadea Decor, which does wedding and event styling decor services. Adil is in the process of paying |
0:13.5 | down her student loans and her credit cards. She's also trying to grow her company and eventually |
0:18.7 | save for a down payment. She's not sure whether to hold |
0:22.5 | off on further investing in her business in order to finish paying off her debt or to focus on the |
0:28.0 | company. Here's our conversation. Hi, this is Rebecca Jarvis and you're with us on RJ Answers. |
0:36.8 | How are you? I'm doing great. How are you? |
0:39.5 | I'm doing well. Thanks for calling in. Tell me what your name is and how we can help you. |
0:45.0 | Hi, so, okay, my name is Dil Jama, and I'm a 27-year-old entrepreneur, and so I own a business in California, like I do wedding decor services. And so I own a business in California like I do wedding decor services and so I guess |
0:58.6 | my question is me and my husband have been working aggressively to pay our pay down our debt |
1:04.3 | in this past like year 2017 and so now that my business is king up I have more money coming in. I was wondering, would it be smart to kind of redirect the business profits and, you know, finish paying down our student loans and eventually safer house? Or should I just kind of concentrate on growing my business? |
1:24.6 | Well, first off, congratulations on the business. And you've been aggressively paying down |
1:30.8 | your debt. I love to hear that. That's a wonderful thing. And especially that the fact that you're |
1:35.9 | doing this at 27 years old, really important to get rid of that, especially that high interest |
1:42.3 | credit card debt as quickly as possible, |
1:45.1 | which sounds like that's been a big focus of yours. Tell me something. How, how's the business doing? |
1:50.8 | I mean, it's doing amazing. So I spent a lot of money in the first year, like, investing, |
1:56.7 | but I guess the first year I made, well, within a seven-month period of time because we started it in March. |
2:02.6 | We made like 100,000 in sales. |
2:05.6 | And so it was not what I expected. |
2:08.3 | So it was great. |
2:08.9 | And so this year is to make to make that amount. |
... |
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