01/08/2025
** How to lose $15,000 without even trying **
A couple of days ago I told you about the geezer who lost three fingers because he took his eye off the ball for a couple of seconds.
Today, I’ll tell you about the $15,000 car ride I took on New Year’s Day.
Some would call it bad luck, but the truth is it was 100% my fault.
I knew my car battery was starting to go, because the Jiffy L**e guy told me so a couple of months ago. But because I like to live dangerously, I decided to see how much life I could get out of it. After all, the car was starting up just fine. What could possibly go wrong?!
Anyway, that little seed of an idea — that my battery was on the fritz — is what kicked off the whole catastrophe. You’ll understand what I mean (and why it’s relevant to you as a business owner) in two shakes.
On New Year’s Day I drove out to the suburbs with Whitney to visit my dad — about a 45 minute drive in total. NYD is the best day of the year to drive, even in Chicago -- with the highways as clear and empty as the height of the pandemic.
The first 90% of the drive was blissfully uneventful. Then, about 10 minutes from our destination, just as I was exiting the highway, the battery light came on.
"Ah, s**t. It's finally caught up with me," I said.
Strangely enough, the power steering went out at the same time.
“Huh, didn’t know that could happen,” I thought.
I pulled into the first gas station to figure out what to do next. Driving to an auto shop wasn’t an option as they were all closed for the holiday.
It seemed the only thing to do was to drive back home. The issue (so I thought) was that if I stopped the car it might not start again on account of the dying battery, and then we’d be stranded until the following day.
Oddly enough, I noticed the heat was no longer working. Not a great thing when it’s under 20 degrees outside.
“Huh. Weird,” I thought. “Didn’t know that could happen.”
I pulled out of the gas station and got back on the highway to head home. This is when it became clear I’d made the wrong decision.
Within a few miles, the engine started losing power. I was having a harder and harder time accelerating. Then smoke started pouring out of the tail pipe, and then out of the hood.
I took the nearest exit and coasted to a stop on the side of the road.
She was kaput, totally cooked. Baked engine. Had to call a tow truck to come get the car, then walk 10 minutes into town and call an Uber to get back home.
Good thing I had my light jacket on.
Anyway, here’s the part where I explain what happened and why as a business owner you need to understand my mistake.
The problem wasn’t the battery, it was the alternator. Don’t worry if you’re car illiterate and don’t know an alternator from a terminator — the point is, that’s a way more dangerous problem because not only will it eventually cause the battery to fail, it will also cause the water pump to fail, which will cause your engine to overheat, which will eventually bake it to a crisp, leaving you stranded in the suburbs and many thousands of dollars poorer as you now need to buy a new car.
Now, I didn’t know any of this at the time either. But I should have known that something much more serious than a drained battery was afoot when the heater and the power steering both failed.
If I had my wits about me, I would have noticed the temperature gauge approaching the death zone, and I could have prevented the engine from cooking like a turkey left in the oven for a week.
Why didn’t I make this obvious realization? Simple. Because someone had already put it in my head that the battery was dying, so I was fixated on that and that alone.
That’s all it took. That’s all it ever takes. The seed of an idea pointing you in the wrong direction, and you become blind to what’s really going on, even when it’s screaming right in your face.
In the matter of a few minutes, this cost me thousands and thousands of dollars.
So I ask a similar question to the one I asked in the last email about the 7-fingered geezer. If a few minutes of misdirected attention can cost you thousands of dollars, how much does it cost to have your focus in the wrong place for years on end?
Chew on that for a while.
Because that’s exactly the state that most business owners are mired in. Somebody gave them very bad advice (or, just as often, they came to the wrong conclusion from observing what all the muffin brains are doing on social media), and they’ve been rolling along down the wrong road ever since, wondering where all the good clients or customers are.
“Just a few more miles, I can feel it.”
Sorry to tell you, but there’s nothing but more struggle down that road.
Does that make me the tow truck driver? The mechanic? I don’t know — you go ahead and finish the metaphor however you want.
The point is, the situation for most business owners is dire, and they don’t even realize why.
The good news is I can help you fix that, quick.
The first step is to get on my email list (link at top of page).