My first year in business I made around $18,000. Problem was I spent $24,000. A year in business and I was worse off.
My second year I made $79,000. I should have been elated. With my "successful" business I made nearly twice as much as I made during my second job out of college. To fund my growth I doubled my business expenses which meant I barely kept $22,000 which was half as much as I earned as an employee.
It didn't earn enough to support my wife and two toddler girls. Fortunately I had savings from before I launched my business. Every month those precious funds dwindled away as I used it to keep food in the mouths of the three ladies in my life.
Eventually the bank account dried up. Before I knew it, I maxed out my credit cards.
My head ached from crashing into a financial wall.
How did this happen to me?
I followed all the rules.
I got my college degrees. I got my "good" job.
I jumped off a cliff and started a business to build a better life for my family.
I made more money than I ever dreamed possible.
Where did all the money go??
I blamed others and the Great Recession.
Then I realized there was only one person to blame . . .