When Aqua Vita Creative became an LLC in February of this year, I made the difficult decision to keep us debt free. We started with 0 credit card debt, 0 investors, and 0 small business loans.

Over the past 8 months, I’ve been mocked and even ridiculed by certain individuals regarding that decision. “You can’t start a business without a business loan,” they told me.

Well, it got to me after a while. I began to doubt my original decision, and eventually procured a credit line of $3,000 at my bank. “What if they know something I don’t?” I said.

3 months after opening that credit line, I’m shredding the credit cards tied to that account. Why? I have two reasons:

1. Because after reading “The Total Money Makeover” by Dave Ramsey, I feel more than validated than ever in my decision to operate Aqua Vita on a cash basis. The only interest rates I want my company to be involved with are the ones we earn for ourselves through wise financial planning.

2. Less debt means lower overhead. Lower overhead means lower prices for my clients and higher wages for my employees.

Here’s to another debt-free year of operations, guys.

~Jack Cox