About
I have an unusual way looking at the world. My wife, Sharon, says I'm weird, and, truthfully, I am weird. But there's a reason. Starting from nothing, by the time I was 26 I had a net worth a little over a million dollars. I was makin…
…g $250,000 a year. That's more than $20,000 a month net taxable income. I was really having fun. But 98% truth is a lie. That 2% can cause big problems, especially with $4 million in real estate. I had a lot debt—a lot short-term debt—and I'm the idiot who signed up for the trip.
The short version the story is that debt caused us, over the course two and a half years fighting it, to lose everything. We didn't tell anyone what was going on, but if we had to do it again, we would learn from the wisdom others who have been through it. We soon learned that we were not the only ones at the bottom. Barbie and Ken (you know, the couple who appear to be perfect—perfect clothes, perfect car, perfect house) are broke, and I don't take financial advice from broke people anymore.
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Dave Ramsey