$366,000 In DEBT at 30 YEARS OLD

Throughout the years i have slowly purchased equipment. All of the small purchases were bought on my credit card and paid in full at the end of the month. However the big items like trucks and loaders were financed. At the moment i have 366k in debt that is being paid every month.
Don't be afraid of debt. Use it correctly
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Todays Topics:
Going in debt for business, debt in landscaping business, debt in lawn care business, using debt to build a business, going bankrupt in business, buying trucks for business, 30 years old and in debt, young and in debt, using debt to buy equipment, financing tools for business, writing off expenses for business, buying trucks for employees, how to start a paving business, how to start a landscaping business, i want to start a business, starting a company, applewood landscaping

[@jeremyswihart]

I hope all my competitors follow your advise. Can’t wait to buy up all those trucks when they can’t make the payments.

[@TBeare]

Lmao. Too true.

[@TigranGertz]

Hey Jeremy. How would you buy the equipment to free up your time? If you knew with certainty payments would never be missed would it still be a mistake to finance the equipment?? LMK 🙂

[@fishtrucksdirt8041]

@@TigranGertz we all have different ways of looking at it. Knowing cash flow and leverage is important. I did buy 12 super duties and a dozer last week with cash from a bankruptcy......oil guys never thought cash flow would stop....commercial realestate never thought big corporations would ever allow working from home....you have to work your first 20 hours a week to break even (depending on the job). If times are slow a contractor with less debt can work cheaper. Great video on an important topic. Thanks

[@bikes7777]

@@TigranGertz what makes you certain payments will never be missed? If you have the cash to pay this all off, why not do it? When the economy tanks under Biden, you might regret having so much debt.

[@jeremyswihart]

@@TigranGertz cash hommie. Anyone can make the payments. I’m not in business to make the payments. I’m in business to make the profit. Whatever works for you though. I’m not saying you’re making a mistake. You know your business. There is no right and wrong ways to do things. But if you’re green in this business I don’t think it’s wise to skip the struggle. Hustle jobs. Pay cash for used equipment. Make more cash upgrade. Rinse repeat.

[@thewhiteknight02]

Normal people won’t see that these are assets not liabilities.

[@ComradeDog95]

A lot of people think that having the best equipment makes them a better company. Get equipment.... make money... then upgrade once you have the bigger budget. Or when you can afford payments. Good video! Skill and attitude go a long way.

[@martinh802]

“Debt is like a loaded gun, it can help you or it can kill you”

[@paulwagner5367]

That is so true

[@warrenromig90]

I just started following you, I’m not a landscaper but I own a roofing company in florida and love your attitude towards business.

[@TigranGertz]

Thanks warren glad we’re friends

[@bikes7777]

Welcome to the next generation. Drowning in debt and dependent on credit to make ends meet. Scary.

[@liamsunstrum4897]

Debt doesn't mean everything. Maybe he's very under leveraged. Debt doesn't tell the whole story.

[@obedg4614]

Why pay out of pocket 30k when someones willing to give you the money for like a couple hundred a month, keep that cash in hand invest it into something else. Jeff bezoz is literally the richest man in the world net worth of 100+ billion and amazon is in debt lol use that credit for your benefit.

[@brunobruno7868]

That’s why bitcoin is the future.

[@dpowerz518]

Gotta get into debt till shits paid off then you will have money in the bank that actually belongs to you

[@DeanKing]

Facts, it just becomes numbers in and numbers out. Its not money until I see it in my personal account.

[@lcwservice3247]

This is the truth. Money isn't real until its in the personal account.

[@orozcob.l.i1297]

He’s tools are becoming assets, at one point most of the stuff will be paid and he will be making more money then he already is making

[@swiggs1999]

I was raised if you cant pay for it now work harder. I own a business with 800 employees and have $5,000 in debt personally and as a business.

[@davidblevins9513]

Chill out Elon musk

[@GarrettWilliams2017]

CAT says “zero down zero interest” but is it really? No it isn’t. Because you can get the exact same machine for $6-$10k less if you walk in there with enough cash to purchase

[@nicholask8573]

True. I've seen alot of car dealerships do the same thing

[@GarrettWilliams2017]

Yep it’s a good way to make people think they are getting free money. There is no such thing as “free”

[@TigranGertz]

Nothing is free.

[@lawnmowing8143]

Debt can be good. Just need cashflow. And sometimes buying a new truck only costs a little more than running a used unreliable truck. Nothing more stressful than that.

[@tommyandresen8160]

That is so true... Sometimes a new one is even cheaper

[@gradywray5391]

This comment section is great. Most people have no idea how to use debt to their advantage. Yes you can run a business with no debt however, it is usually much less efficient and ends up costing you much more in the long run. Just think if he had to rent a skid steer every time he needs one, he would be spending more in a year than the machine is worth. Or you could buy a piece of shit used machine that is constantly breaking down and you end up spending more money repair it than a newer machine would cost. Sometimes its cheaper to be in debt. Of course there is risk with debt. If you don't want any risk feel free to go work for someone else. Cash flow is king.

[@TigranGertz]

👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼

[@truckguyjoe]

Turn keys or turn wrenches? How do you want to start your day? Working on that old work truck just to get it going for the day hoping it will make it through the day? Or, buy new and simply turn the key and go. Yes, you'll have a payment on the new rig, but WAY less downtime = lost revenue. Also, curb appeal and having a professional look = new trucks on the jobsite. I used to bid my jobs with a beat up S-10 (let's the customer know your bid will be competitive and you're eager to do better for yourself)...and show up for the job with polished stainless beds you could see yourself in! I would tell the customers I don't need a fancy truck to ride back and forth to work in...but your topsoil and gravel will only ride in the highest quality dump beds!

[@connorstirling4886]

The “paid” segment made me howl. The pylon.

[@logdon17]

Debt has its place in business no doubt. Just need to be smart about it. Why you are driving around in a $90k truck is plain stupid as it generates the same amount of money as a $45k truck. Should have taken that difference and bought a piece of equipment you don't have to create a revenue stream. Speaking to you as seasoned and wealthy business owner with much less debt.

[@TigranGertz]

I like the truck. It’s amazing

[@logdon17]

@@TigranGertz Glad you love it, just thought you were more concerned with financial success and building sustainable wealth rather than taking out loans for things that make zero sense from an ROI perspective.

[@dcwshoreline5416]

When T kicked that pallet fork and started kicking items around financing paint😂🤣🤣

[@TigranGertz]

🤣

[@paidinfull5950]

This can of paint FINANCED 💀 😂

[@chrisnaden]

I don't believe in excessive debt at all. I grew up with parents who were both entrepreneurs who were debt free when they worked with the exception of the house which is now worth 1.6m. The house was paid off about 15years ago shortly after retirement. Their friends took on excessive debts and are now all poor. My dad uses to flip houses and had two restaurants. He just paid everything in cash. To each his own.

[@paidinfull5950]

Chill out guys, in most cases he probably has the cash to pay anything off at anytime but why give up the cash you could use for future opportunities when they give you free cash? He’s using debt to his advantage, all businesses have stressful issues, each owner picks which stresses they wanna deal with though and his happens to NOT be dealing with crap trucks and crap equipment.

[@anjtreeservice]

For some people making 10k a month in equipment/truck payments is worrisome, if you gross 150-200k a month in revenue consistently is not a problem. There are businesses that pay that and more in equipment payments no problem. This guy is just sharing industry insight. 👍🏼

[@BrianDoesStuff873]

can you make a video about the cost of employees , have you ever had theft problems from employees, do your employees treat your tools like if they were there own? good employees can make a company and bad employees can break it, how do you deal with employees always wanting higher pay because you can only give so many raises before all the money is gone and then you have no leverage to work with after that, also does your employees ever tell you that they appreciate it that you supply them with good stuff to make the work easier or do they complain?

[@Broncobob88]

To all you haters who want to sound like you can buy everything you want with cash, errr you wrong! I bet most of your homes are still under debt... 300k? 700k? This guy is amazing with his skills, i am definitely certain that this guy has a backup plan on how he will finance and lead his business. Its part of business you make money to invest money back into your business double if not triple! While you haters will be stuck under your minimum wage jobs with your debt stuck in your heads this guy will continue to work and make dreams come true!!👊🏻

[@mikeymiranda859]

Wonder what would Dave Ramsey say.. 🤔

[@nickkalfas6129]

You can only get so far without leveraging good debt. Without good debt you are pretty much limiting the speed in which you arrive at your goal. I have over 1 million in debt and it's been able to get me much closer to where I want to be

[@mikeymiranda859]

@@nickkalfas6129 mill?.. what do you do for living if you don't mind me asking

[@nickkalfas411]

@@mikeymiranda859 invest in real estate. I own a few houses

[@MC-rr3ew]

Dave ramsey would have a heart attack!

[@warrenfambro6963]

@@nickkalfas411 you actually don’t need debt. Dave Ramsey had hundreds of millions in real estate all paid off starting from scratch.

[@AlexG-zu3je]

Tigran I hope your investing in security man. All I’m saying is. That’s a lot of $$$ in equipment and a lot of employees man... be safe.

[@jaxturner7288]

Insurance is cheaper than security and insurance is required anyway if it’s not paid off.

[@Granddesignlandscape]

Bro you are killing the sea turtles!!!! Get a water filter and a jug

[@a1phabet162]

Am gonna be in 120k to 150k In debt for real estate hopefully next year am debt free and I have 24k by August I should have 40 to 42k saved up keep up the good work and never give up man keep doing u wish everyone success and wealth

[@samstheman7633]

imagine your starting a giant job and your main truck breaks down, now you have to tow and pay for it to the shop and shops make money off the repair now your down a truck for a week hoping the mechanic fixes it righting with my luck IVE had to take my truck to 3 mechanics and 4000 dollars later and 1,000 dollars in tow bills and 2 weeks of downtime from that truck being down that whole thing costed me about 25k in work and now I'm behind on jobs versus the 1,000 a month payment

[@MotoRoUsa]

Dude you’re a fricking inspiration! I like your enthusiasm and your vibe. Great way to start the day watching your videos.

[@dillondoucette1829]

Those are rookie numbers, got to pump those up. 😂

[@19993gt]

What are professional numbers, just asking so we can set out sights higher!

[@naberliz]

I had never heard of you before Mike Andes post the Thanksgiving about this post of yours. Love it that you reached out to him and the banter continues. Raising the professionalism in the industry is through candid conversation, accountability and transparency.

[@TigranGertz]

thanks :) Was great

[@wilbertbuchanan9264]

He’s leveraging his credit to make money you guys the type of work he does, those payments really aren’t shit compared to what he makes on a job his business is paying bills he needs paid he isn’t buying bullshit, he’s actually making money.. I still love Dave Ramsey though

[@TheRd1515]

I’m 28 and $900,000 in debt. I’m in the recycling business. Going into Debt is a great if managed properly, It allows rapid growth.

[@TigranGertz]

Exactly correct what do you have 900k in

[@TheRd1515]

About 1/2 of my debt is a mortgage for the land I operate on. The other half is in equipment. A 1300 Morbark tubgrinder and a Volvo L120G being the bulk of my equipment notes. With out going into debt and leveraging the assets I already had, there is no way I could get to where I am today in the time It took me.

[@19993gt]

Great insight!

[@samgibson7330]

This is great! As a 20yr old trying to get into heavy equipment and landscape with no one to help me and not a lot of money, gives me the confidence to walk into cat and purchase a mulcher I’ve been wanting👍

[@jaxturner7288]

Your “trying to get into equipment” and your first unit is going to be a new cat mulcher??

[@drewgardner81]

I wouldn't do that if I were you. Guys like this guy are a house of cards. He looks like he's making money but he owes on everything. If something bad or unforseen happens he will be sunk. This isn't very good advice in my opinion

[@frankdasaintdituri9983]

this was funny bro. i was cracking up when you pushed the wheel barrow and were all PAID hahaha. thanks for the entertaining channel JESUS SAVES

[@LandscapeMaster33]

Only way to build credit and establish a payment repertoire is through debt. You don’t have debt and or credit? Think you’re getting A lending? Nooope. No mortgage and obserd interest rate loans where you almost never pay down any of the principal. He’s right, debt is GOOD and important to succeed.

[@dowjones9663]

You are absolutely correct about debt, especially now. This message needs to be shared more often with new business owners. If you have credit and are willing to spend the dealerships for equipment and trucks will treat you like a king!!

[@isaactaylor1833]

People don’t need to be treated like kings at dealerships.... that’s fucking dumb to state as a reason for debt is good

[@deeznuts4747]

Lol I got like 3,330 and I’m stressing about it lol

[@johnsierra5784]

Lmao

[@jackjackson9342]

Time for $366,000 more! 💪🏼

[@ZeusAngelblazer]

$366K is not so much, if you got into the real estate game with mortgages easy to rack up the big debt amounts. In Canada first time home buyers can put as little down as 5%, and in my area a lot like Cali, homes are $1M each, condos and apartments are $350K minimum for a decent one.

[@macjusss]

and all write offs. pays itself off

[@jonathanm.2151]

there has to be a balance in everything......that includes business and debt. Every business owner will know......cash is tight most of the time, if not every time. But having the proper equipment and tools is essential and you can't run a business without it. I do think its wise to have a good work foundation/ constant work, jobs to be able to carry debt. I like your attitude in business and I think right......but I do also believe people (self employed) business owners need to balance the $$$ and grow at their own timing.

[@TigranGertz]

Balance is key

[@riverrat3269]

0% interest is not a thing they just charge you the interest in the purchase price.

[@joseramos1871]

Gobble gobble 🙌🏼😂 happy holidays bro.

[@farrahtittle6675]

Time for another video about how to resell aging equipment, and replace it with new, and how financing outweighs rental fees or sweat equity. Also, if you respect your employees by providing them with nice equipment, they will respect themselves and their jobs more. This makes more $ for everyone.

[@mikepeterson8037]

At the end of your run as a business man the only thing that will matter is how much wealth you have accumulated. When you hit retirement you will know what I am talking about.

[@Fire-se9sg]

Why not just buy pallets of water? Instead of singular cases at a time. Just a thought

[@sunriseyardcareconstructio5113]

You are the best 👍👍👍👍👍 Saludos para Ector y todos los chalanes

[@coachiti2009]

T, these crazy equipment videos motivating. Just pulled trigger on first new equipment, CAT 303 Mini ex to combo with our 242b3 Skid Steer!

[@thelawnbarberllc.4327]

You know this guys bank account has way more digits than that little debt of his 🤣

[@jesuslovesyou8280]

Debit builds credit

[@jmccauley6568]

That’s a nice semi truck you got there! However, I’d take that traffic cone over the semi

[@TigranGertz]

Hahaha

[@RiggyRonnie]

It’s a matter of your assets staying above your liabilities, if you owe 30k on a tractor, and the tractors worth 32k well you have a 2k asset, simple as that

[@DoodMangSpeaks]

This makes me feel better about my 61k flat bed i just bought.

[@AlexSanchez2254]

I get it man. I leverage a lot too. I leverage mostly in real estate cuz that’s going up in value. Anyways I get why you use leverage but sometimes there’s a thing called over leverage. Look into it. Unless you have let’s say 100K cash just in reserves not to actually spend to protect you for let’s say 6 months-12months of no work coming in then you’re golden. I guess I would need to know what liquid assets you have to protect you’re debt repayments every month. You a smart man I’m sure, just don’t get into too much leverage brother.

[@mulderoutdoors]

This is the most ridiculous video I’ve seen. I hope all the guys watching this run run run away from this type of thinking. This is how you never make money, also giving money to the banks and end up broke and nothing to show for it. It’s a shame you are spreading this info to young guys out there. The only reason you need a to have debt is to be able to into more debt.

[@AA-wx1oy]

Let them learn. Hahahahaha. 😅😅😅

[@AA-wx1oy]

Let them learn. Hahahahaha. 😅😅😅

[@Chinothebambino]

Exactly the opposite of how i run my landscaping business, but whatever works.

[@TigranGertz]

Post videos so I can see

[@Chinothebambino]

@@TigranGertz i don't have time for that shit.

[@azr6917]

@@Chinothebambino omg you are such a lying bum. Sorry for this mans ignorance T

[@firstlast7090]

DONT GET MARRIED

[@infinityhvac8939]

Have you got any business loans for your business in the start?

[@TigranGertz]

No

[@paulricherson3572]

That’s some inspiring shit my man. Never looked at debt like that.

[@Thespecialone1970]

There is nothing inspiring about drowning in DEBT. Get yourself new inspiration, this guys situation is nothing to be proud of. Extremely scary.

[@Boss-iu7nm]

Believe me you don't want to go this route. He can lose it all in a month!

[@evan1788]

Nothing like paid for trust me and it’s all possible you can’t get everything over night though.

[@jesseyermal9618]

Hey man how you doing. I'm a landscaper in Florida listen by your water on the pallets it's a lot cheaper do you have a Sam's club out there a pallet of water is $125 paid

[@TigranGertz]

Good idea!!! I’ll be doing that. Thank you

[@cjslawncare2538]

Nice I didn’t think of that

[@jesseyermal9618]

@@cjslawncare2538 and also I purchase a commercial ice making machine it makes up the 500 lb a day so the guys don't have to stop at the store for ice plus having the pallet of water helps out a lot.

[@kickyourfaceandlaugh607]

Dave Ramsey would absolutely tear you a new one! You have to work to keep making those payments. Meanwhile I can stop take a vacation or break and don’t have to worry about paying payments.

[@ryantheentrepreneur4040]

0% is always a smart play on finances

[@l.c.6321]

just wondering why would you buy hector a truck?

[@johnsierra5784]

Because while you’re sleeping HECTOR wakes up early in the AM to be the FIRST one at the job and LAST one to leave. he needs his equipment to start work!

[@FXCharlieC]

Awesome video T! Goat Gang for life!!

[@Natethegreat2024]

Isn’t it illegal to burn money . Not hating just asking .

[@mtorresg10]

The idea is to spend less money to make more money.

[@1owmigel]

Do you have people that do maintenance(gardeners)

[@tankerman7666]

What a poor business model, buy used equipment with cash , when the work dries up your bankrupt

[@xrayded5037]

Nice bro. Everyone in this world will alway be in debt 💸. The house you buy in the states even if paid off Uncle Sam will get his cut no matter what.

[@jeffreytasende3059]

Cool video! At the end of the day if you’re selling enough work for an obscene amount of profit it’s a no brainer to constantly buy new equipment. For most of us that’s not the case though.

[@benhogan7036]

Just the sound of that is terrifying.

[@TigranGertz]

Spooky

[@19993gt]

Tigran Gertz hahaha love your attitude T

[@ThePolomoloQC]

I wish I could lol, the bank won't even let me be in debt to buy things to make more money

[@ffernandez198282]

He hasn’t heard of Dave Ramsey 🤑😱😂

[@GarrettWilliams2017]

“Dave Ramsey is worth 50m my jet was 50m” -grant cardone

[@powderriver2424]

Debt is bad. in your personal finances debt must be balanced or next to none, savings is important. Managed debt for business is another matter entirely.

[@MasonBills]

You have to go in debt to be successful, periodt.

[@jimmyt5241]

Great video man love it Goat gang baby!

[@JuanCruz-zn3rv]

I been watch your video for a while now , I’m not a landscaper but I do own a painting company.... love how you tach us about Business. Keep up the good work ! You should do other giveaway like a home depot card or something 🤔🤔🤔

[@TorchedTv]

They won’t give me any debt

[@JaredCochran52]

Awesome video! Know one else would have the balls to us the truth about there equipment

[@hahah2804]

Buy porta pottys and have someone come by and clean. Be easier

[@samstheman7633]

FREAKING LOVE this video man as I understand business and I'm making good money I am liking your channel and you a lot more at first I didn't but now I understand !!

[@simpsons721]

Tigran is 100% right. Watch Ben Mallah millionaire real estate investor, if banks gave him the money he made deals. Its free money you wont be able to grow your business without it. To all that say paying cash is king... You're essentially saying you will never go after your dream idea unless you have the cash on hand to do it. You would turn down money from a bank to go after your dream LOL. That is why some live in a corner and never wanna make a mistake in life. I have a business with van and tools so I'm living it. Any haters on Tigran should respect him for providing jobs to people with his debt that is has. Most dont see that lol

[@cesarconh895]

Hardworking latinos, priceless

[@lv5310]

I understand this route but at the end of the day it's not for me. I'm more comfortable with no debt and not having to do wake up everyday hustling. Good luck to you man and hopefully it pays off at the end

[@miltonlacayo9383]

What’s your payroll like and overhead

[@jacobsidorov]

Gobble gobble

[@Alex-kw9bo]

Wow, the videos you make now are awesome 😍

[@Grubbtree]

So good T!

[@erasmogonzalezjr8405]

Gobble Gobble

[@sportshighlights4868]

I’m here tigran

[@playgroundofsound7683]

Have you seen any precision films YT videos?? He looks like an up and comer in the landscape game.

[@fijicivic24]

Tigrizzle how are your investments doing with Cardone capital. I got a few hundred k I’m looking to do something with. What’s your monthly return give us some specifics dawg

[@TigranGertz]

3k a month

[@fijicivic24]

@@TigranGertz what did you invest? I think I saw I video you said you put 250k

[@adolfomoreno2213]

Also question is there any electrician in goat gang??

[@rockocastro6414]

Tiger looks like the. Hand✋ is back on service👍 Debt is a neutral powerful force Could work for you or against you You me we us make the choice.

[@jaynelson573]

I’ve been watching your videos for a long time now never knew you was younger than me until today wow

[@carstengrove6214]

Do you use an accountant? Or agent?

[@famfirst6660]

This video is legendary I'm ah go around my lawn maintenance garage and make a video "paid" paid" lol

[@TigranGertz]

Do it!!!

[@sean5431]

Everyone thought debt was great in 2008 too until the sh1* started to hit the fan. Of course the big guys walked away just fine with their own bank account barely touched.

[@classiccountrygems3714]

Nailed it, and the “assets” everyone is referring to won’t be worth half of what he owes, the brand new truck that’s owed $83,000 on won’t even bring $40,000 when he tries to sell, same with ever other asset including the semi that’s paid off, and the little bit of profit from that won’t be enough to cover the debts, saw it in 2008 and again in the oilfield in 2015

[@Dixlive]

I believe FORD Company had to Sponsor this Company.

[@TigranGertz]

Would be great

[@Grassology-vs1hn]

What does your parents do for a living ?

[@bread-chan6650]

D-max & allison over Ford would be much better long run.