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Roberts Broadcasting Files for Bankruptcy

Casual: I had a prof once who claimed you needed to understand only one thing to avoid
money problems..He said "If your outgo exceeds your income, your upkeep will be your
downfall" JBI
 
JBI -

Agreed. I have always said here at WYAB that "we're running a business first and a radio station second," which has allowed us to do well here, even though I was an "outsider" to the market (and to the entire state, for that matter). That sometimes means we can't do everything on air that we would like to do, but we're also in no immediate danger of going bankrupt. Radio is a great and rewarding business if you treat it as such.

--- Casual Observer
 
jboyd said:
Casual: I had a prof once who claimed you needed to understand only one thing to avoid
money problems..He said "If your outgo exceeds your income, your upkeep will be your
downfall" JBI
Click to expand...

Gene Simmons of KISS has a similar philosophy. He claims to have never taken a loan for anything. If he doesn't have the cash for it (a home, a car, etc.) he doesn't buy it -- period!

Apparently the road to a terrible credit rating, yet able to proudly have a $ sign within his signature.
 
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