When it comes to spending and savings, I always considered myself fiscally conservative. I was wrong.
In grade school I learned to leverage small sums of money to make more. My dad helped me start a company with $300 at 11 years old. This same company paid my way through college. In fact, I’ve leveraged debt to invest in businesses, homes, and commercial real estate without ever losing money on a significant investment.
After several substantial pay increases, we still felt like we were living month to month. We couldn’t seem to find margin in our budget. At the same time, like you, we watched as stock prices and real estate values plummeted. At that point I realized 3 things…