Gotta Love Friday Check Mailings
Many of you won’t understand this but I’m going to rant anyway.
I’ve got a customer that is a week late on sending out checks. That’s unfortunately pretty common right now. They’ve been telling me all week that checks were mailing out this week. That used to mean that I would have a check by Wednesday or Thursday at the very latest. What that means now is that the bank will mail out the check on Friday so I won’t get it till Saturday and can’t deposit till Monday and it won’t hit their bank until Tuesday or Wednesday next week.
I have other customers that haven’t hit the slightest bump in the road and are paying exactly as they did prior to this slow down.
These tough times are revealing the healthy and the unhealthy in my world and I’m finding it to be quite telling. Some of the biggest builders here in Kansas City aren’t as financially healthy as they looked when times were booming.
I’ll tell you right now it’s because of the level of debt they are trying to service on 1/4 the revenue.
Debt=Risk my friends. I hope I’m not the only one learning this right now. I hope millions of other people in America decide to quit playing with snakes.