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Our website is somewhat unique in that it is both a lifestyle blog and a personal finance blog mixing both with Living on the Mississippi Gulf Coast.  You need not live on the Mississippi Gulf Coast or even desire

 Original articles

All of the articles posted on RetireCoast.com are written by the authors. Many are supported by third party data.  I do not plagiarize other’s original work. It is my hope that you appreciate the writing style and that you will leave comments that can be helpful in the writing of future articles. 

Bill Anderson, author

Your authors story

Welcome, this blog site is about you. Knowledge is power and with the knowledge contained in our pages, you can learn and benefit. Most of the information in this blog comes from my personal experiences.

It’s time to give back for my many successful years creating businesses and helping others achieve their goals. I make use of references when they make sense and are relevant to the topic.

 

I have included opinions and tried my best to stay non-political (difficult in this climate where a banana can be seen as political).  When I say “our”, I don’t mean the royal “our”. My Son Michael has been a great help in helping me get this site started.

The news media today talks a lot about privilege the reason why people succeed in life. I grew up in a house with four siblings plus my parents.

My father worked two jobs for many years and my mother worked full-time. Neither went to college, my father went into the Army during WWII and my mother worked in a tank factory. After the war, they moved from Chicago to Southern California.

We did live in a new house and there was enough food but my mother often bought our clothes from Goodwill. They sent us to Catholic school which was a big drain on their finances.

We rode our bicycles about five miles each way to school, there were no busses (in the rain also). While there was no extra money for Disneyland (they could not afford to take us), we did ok. This was hardly a privileged environment. My parents insured we did our homework and actually learned something at school.

Looking back, I still can’t find any privilege, in fact, it was the distinct lack of privilege that made me want to work and earn more.

There is no doubt in my mind that the strong work ethic my parents instilled in me encouraged me to become an entrepreneur.

I had a job as far back as I can remember. Anything to earn some money. You name it, I did it. My big break was getting a job at a chain drugstore.

The hourly pay was $1.66 per hour which was very good at the time. Since I was a union member with dental insurance, I went for the first time in my life. My parents could not afford to send us to a dentist. As each of my siblings grew older they too started part-time jobs.

My parents clearly could not afford to send us to college so we were planning to attend Junior college and live at home. I decided to enlist in the U.S. Air Force with a friend so off I went on a four+ year experience of my life. I started attending college while I was in the Air Force.

The management positions that I held in the Air Force gave me the first experience of being responsible for others. Except of course when my daughter was born during my time working for Uncle Sam.

In the decades after leaving the U. S. Air Force, I went back to retail management for several years and then started my first business in the automotive aftermarket.

After selling this business, I joined Quaker State Oil Refining Corporation for almost 10 years. During much of this time, I traveled on average about 3-4 days each week across the country.

My experience working at the corporate level with Quaker State gave me significant insight into how large corporations are managed and the significant impact they have on the larger economy. I absorbed all that I could during my tenure there.

At the time, environmental issues were coming to the forefront of everything. Quaker State had not engaged in the larger discussion about waste oil and petroleum products so I created a market-based approach for the company.

Unfortunately, a major leadership change at Quaker State stalled the project so I left to start my own environmental consulting business. Many of Quaker State’s largest customers became my first clients. This business morphed into yet another consulting business which was even larger then came Curbside Inc.

My last large-scale project was to create a business called Curbside Inc. I have never been one to jump into a crowded field and try to fight it out for success.

An opportunity appeared one day from a client of my consulting company. He asked if my company could collect hazardous waste from homes.

Being an environmental consultant, with some experience in other areas of the business, I decided it was best to find some experts who could help me get started.

Within a few weeks, I created a business and was collecting used oil and other items from residents. I started this business with $10,100 in cash that I put in at the start.

This first collection took place in California, yes California. I developed skills in navigating the bureaucratic system to get a hazardous waste business off the ground in Califonia.

I mention this two-decade effort to remove tens of millions of pounds of hazardous waste from the environment as a quest of sorts. It’s a great thing to be on the right side of things e.g. helping residents and the environment.

It’s even better when all of the largest hazardous waste companies kept telling everyone our idea would not work. They were so sure we would fail, that they left the entire space to us.

Many times when a City or County would go out to bid for a contract, we were the only bidder because even the largest companies never developed the expertise to manage this delicate process.

It was a good feeling coming to work every day knowing that I was not only making money but helping everyone at the same time.

My company developed expertise to ensure that the majority of the waste was recycled, even some of the nastiest of chemicals.

MY BIGGEST CHALLENGE IN BUSINESS

You have heard that every successful project needs an exit strategy. Mine was to build a business that could be grown even larger with the right resources then sell my interest and move on to something else.

An opportunity came up a few years after I started the company when a good friend referred Curbside Inc. to leadership at Safety-Kleen the time one billion-dollar company in the hazardous waste and parts cleaning business.

To make a long story short, there was a fit here and Safety-Kleen purchased 49% of the business with a promise to buy out the remainder based on the terms of the agreement. Everything went very well, a great company with many facilities around the country that could make the business grow.

My team at our corporate office was responsible for sales, marketing, and technical expertise. Safety-Kleen was responsible for logistics, recycling, and disposal of materials they collected from homes.

A few years into the relationship, Safety-Kleen was bought out by Laidlaw Environmental and things began to go South as they say.

The two companies were not compatible and leadership went down the wrong path. This resulted in the “new” Safety-Kleen filing for bankruptcy protection.

Ultimately at least one executive was convicted of misdeeds. Our agreement died at that time. I was informed that Safety-Kleen would give us 90 days to take over all collection operations.

At this point, we had turned over our people, trucks, and facilities to Safety-Kleen when the original purchase took place. So, 90 days to hire talented people with hazardous waste experience, and lease trucks, and facilities.

Further, we had to reestablish trade lines with all of the companies that we used for recycling disposal. The challenge was almost overwhelming.

Thanks to the talented team I had surrounded myself with, we were able to do what was necessary to keep our business going. This was the biggest challenge of my business life.

The stress was almost overwhelming. Either rise to the occasion or let the business fail and all of the employees would be out of work. I called in every favor I had from everyone that I knew.

Trust was a big factor and every vendor who worked with us was rewarded by our eventual explosive business growth.

Still, in business, I needed to get back on track. This time an executive for a hazardous waste company whom I knew well advised me to contact Waste Management that they would be a good fit. He was correct, as it happened we already had a contract with Waste Management to service some of their client cities.

My new goal was to eventually sell my business to Waste Management because of their reach and the fact that my company and Waste Management were so closely aligned. Waste transporters, governments as customers, etc.

After years of pursuing this relationship, Waste Management agreed to buy my company. They retained the employees and me for some time.

Since August 1995, the company that I created Curbside Inc., is still operating as a subsidiary of Waste Management. I was able to expand the business to many states during my ownership and service many millions of households.

Waste Management has taken it further and it’s now available in most states where they have collection operations.

I am truly proud of the hundreds of employees who worked for me and my company over the years.

I never laid off employees due to economic conditions. My promise to my employees was that they would have a job if they worked hard.

When I hired a person to work for my company I explained my basic philosophy. When you wake up and feel that the job is no longer challenging or interesting and you really would rather stay at home, it was time to quit.

From 1995 through 2009, the business was funded entirely from reinvested earnings. The last year before I sold the business to Waste Management, I borrowed funds and obtained an SBA loan to support the rapidly growing receivables. My company never accepted charity from any government agency. Not one dime. We did it on our own.

Planning and taking calculated risks were two key elements of my success. I stayed on with Waste Management for several years after selling the company to make sure the employees and company prospered.

The person who was to be my Waste Management supervisor asked if I would give him two years’ notice when I intended to leave. I have him 2.5 years’ notice.

Even before I gave official notice, I had set things in motion to leave the company and relocate out of California. 3.5 years before I left the company and moved, My wife and I bought our home in Ocean Springs, MS.

Our new home on a bayou was to be our vacation home at the time. When I gave notice, we announced that we would be moving there. You can read about that decision by clicking here.

My son and I started this blog about a year before I moved. The idea was that we would create a blog and eventually a business informing people that they had choices when it came to retirement, starting a business and buying a house, or investing in real estate.

I had no idea that this blog would lead to a few others and take me to my favorite activity, real estate investing.

Going a bit back in time, I have been investing in real estate for decades. I started by happenstance when I bought a house and could not sell my condo because of a bad market at the end of the 80s.

I turned it into a rental and got bitten by the real estate bug. A few years later, I had several properties as rentals and bought and sold several properties.

My brother Patrick and I then started investing together using his expertise in construction estimating. We bought apartments, built commercial projects, and rehabbed properties.

I bought several properties in Spain, we had a mini-empire. Then the government told the banks to loan to anyone with a pulse.

I held on to a few properties during the bad times and ultimately they regained their value. The downturn did not deter my enthusiasm, I bought at that time as well. When Waste Management agreed to buy my company, I no longer had time to dabble in real estate. I focused on making sure that the sale and transition went well.

As the time for me to “retire” from Waste Management came closer, I realized that perhaps I should follow my calling and obtain a real estate license.

Fortunately, I met Sean Logan who was (and is) a real estate agent on the Mississippi Gulf Coast and also an insurance agent (no longer).

He told me about his mother being a 40-year veteran broker. Their real estate brokerage business consisted of Sean and Marlene.

I thought this to be a perfect situation. The last thing I wanted to do is work for an agency mill with dozens or even hundreds of agents. Sean and I agreed to meet when I moved to Ocean Springs permanently.

We met and agreed to form a new company which we called Logan-Anderson, Gulf Coastal Realtors. So the idea of going from retiring to being a real estate agent was like putting your foot into a well-worn shoe. A perfect fit.

One concept that I learned many years ago is that you should become an expert at the task you wish to accomplish. I wanted to be a real estate agent which was a good start.

Becoming a broker was a challenge that I could not resist. After hundreds of hours of learning to become a real estate agent and then a broker, I find that I am still learning.

As mentioned above, I already had a great deal of experience from the buyer and seller side of things. I have worked with dozens of real estate agents, good and well, not so good.

All of that experience and working with Sean and Marlene have helped make me a good broker. Now I want to help others. One reason for my focus on this blog and another exciting business that my son and I working on.

Our KEYLADDER business was created to teach people how to invest in residential rental real estate. We have created a comprehensive course for this purpose using all of my years of experience.

We have added a course on how to invest in vacation rental properties. The courses are not yet available as of this writing, we are constructing a new website to host the business.

Check our website KEYLADDER.COM when it’s back up. This site will have many articles about all things finance, insurance, taxes, and real estate. Have you noticed a theme?

All the things I am working on are related to real estate, finance, investment, and lifestyle. I am staying in my “lane” as they say.

Needless to say, I was briefly thinking of “retiring” when I was planning on leaving my old company. I knew that I could not just sit around sipping umbrella drinks on the beach. I have just made a transition from going to one location every day to going to many.

Did I mention that I started another company? How can I manage my investments without a property manager?

I started a property management company with Brian and Christie Logan, my real estate partner’s brother, and wife. They both have expertise in many areas of property management. Gulf Coast Property Management. This company manages properties that I own and properties that many of my KEYLADDER clients own.

Company logos, Logan-Anderson, Keyladder, Christies, Gulf Coast Property Management 

 

Blog sites I contribute to

Then came vacation rentals. Living on the Mississippi Gulf Coast is a perfect place to learn all there is to know about vacation rental properties. As with almost everything else that I get into, I wanted to know all about how they work. I created some partnerships with others and began buying properties. The problem (not really) is that I could not stop buying.

So, I bought a few more on my own as an experiment in creative financing and to prove that what I wanted to offer in the Keyladder and Logan-Anderson businesses would work. My efforts have proven to be highly successful, and all of the properties are profitable.

To make the process work well, I created Christie’s Gulf Beach Rentals as a subsidiary of Gulf Coast Property Management. Our website (I created), offers all of our vacation rentals.

We manage many other property owners. I have learned a great deal over the past few years about not only how to buy right but how to set them up, pricing, location, and all of the aspects that make a vacation rental profitable.

Along the way, I learned with the help of my son, Michael, how to create websites than blogs, podcasts, and Youtube videos. I have created all of the websites for the businesses.

I have always been fond of writing, starting with journalism and newspaper writing in high school. Fortunately, I learned to type in junior high school which has affected my whole life.

One million plus visitors to Quora.com have viewed my answers. Quora is a popular site where people ask questions and experts answer have viewed my answers (when you “Google” a question, often the answer comes from Quora).

I respond to topics in the finance, real estate, retirement, and small business spaces. As knowledge is power, I hope that the knowledge that I have passed to these one million readers has helped to improve their lives.

To date, I have written hundreds of blog articles for several websites. I do not believe in “thin” blogs where it seems bots write them. My blog articles have depth and more often my experiences are woven into them.

Most are long articles where I try to cover as much of the topic as I can without overdoing it. This brings us to the purpose of RetireCoast.

THE PURPOSE OF RETIRECOAST

Now that you know much about my business history, it’s time to talk about this blog. As mentioned, initially my son and I wanted to provide valuable information to the public about things that we have learned about retirement, investing, real estate, and other lifestyle concepts.

Over the years we have stayed with these themes and on occasion branched out e.g. articles about RVs.

It has become clear that many of our readers are interested in what to do about retirement or that next transition. I have become passionate about my new adopted home on the Mississippi Gulf Coast.

Many of my articles are about living on the coast and relocating from high-cost states. The most popular article is about my decision to retire in Ocean Springs.

We have decided to keep the blog largely non-commercial. There are very few articles in this blog that have any links to companies that will pay me for those connections.

We want to include only topics that can provide some good information you can use. The links we provide should support the articles. You may have noticed that our focus is on original content. We invite guest bloggers when they can contribute.

Most of the articles are longer than average blog articles on other sites. I do not believe in cutting and pasting.

You should not waste your time reading an article just to finish and learn nothing. We want you to learn something from each investment of your time.

It’s important to me that you enjoy your time on this site. Please sign up to receive new blog articles as they are published, click the subscribe button below:

 

“Life is a matter of perspective”

Why I decided to retire in Ocean Springs, Mississippi

The most popular article on RetireCoast.com for the past several years is an article that I wrote shortly after moving permanently to Ocean Springs, Mississippi.  Click below to read the article.  I have edited it several times over the years.  And, I have added other companion articles.  

July 4th Fireworks Mississippi Sound
Gulf Islands National Seashore entrance

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