'I don’t miss my business at all. I hadn’t had a real day off in years. Now I’ve had three months off and I feel free. But at the same time, I’m totally broke and facing financial doom.'
Photo: Getty Images The Cut is asking readers to share what they’re doing with their money — or the lack of it — in the midst of an unprecedented crisis. This week, a 34-year-old facialist in Brooklyn, who was relieved to close her business but has now maxed out her credit and lost all her income.
I don’t want to say that any of this was a good thing, obviously. But in a fucked-up way, I’ll admit that I’m glad I was forced to close. I don’t miss my business at all. I hadn’t had a real day off in years. Now I’ve had three months off and I feel free. Still, the business was successful, and when you’re doing well, everyone’s like, “Make it bigger!” So I opened a second location at the beginning of 2019. That’s when I started to get really exhausted. And it showed. Our revenue dropped by 20 percent that year, and I think it’s because I was stretched too thin. I was not able to be the boss that I needed to be, and give employees my best training, and create the infrastructure that needed to be there. We had some staff turnover.
Back when things were normal, I paid myself a salary of about $4,000 a month, and then at the end of the month, depending on how the business was doing, I would give myself a “bonus” — usually about $1,000. But I live pretty humbly. About half my salary would go to my rent, and then I’d spend most of the rest on food. I love great restaurants, and I would go out about three nights a week. Drinks and dinner add up — like $100 a night. Occasionally, I’d take a trip to visit friends in L.A.
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