Reply To: $15 an Hour Minimum Wage

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#1566675
Ex-CTLawyer
Participant

@DovidBT
I have been able to operate a number of businesses during my lifetime. I sold the food businesses in 1978 and the sewing factory in 1984. Since then I have only run the law firm and associated trust administration business; PLUS real estate investment business. Mrs. CTL is a builder/designer and licensed realtor. Late MIL was a RE Broker and licensed property manager for 50 years, so it was easy to run the property/real estate investment business from adjoining offices in the same building.
My father Z”L always had multiple businesses. He taught me if you have 5 businesses and one goes bad you can live well from the other 4, but if you have one business that goes bad it can be a catastrophe.

Even now, in my mid 60s I am working towards another doctorate and have a new business venture that will incorporate law. I’ll retire from active legal practice when I launch this venture in a couple of years. My children and their spouses will run the CTL practice on a day to day basis and I’ll be of counsel.

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BTW, I did law school in 2 1/2 years commuting 3 days each week to school in Massachusetts while still running my full time business. I’d get up at 4 am, drove 175 miles to school, leave at the end of the day drive home 175 miles and be in the house by 9PM. It was hard, but worth it.