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3 Easy and Simple Wealth-Building Hacks That Actually Work
Lessons learned going from a negative net worth to nearly retirement-ready…
It all started when I arrived in West Texas in late 1992 with a wife and two toddlers.
We brought with us what fit in our suitcases and sold the few things we owned that we couldn’t bring with us. Like our old Ford Fiesta and my hi-fi stereo system.
That money paid for our overseas tickets, and we had to borrow $6000 from my parents to get started here in the US.
After overspending on a 3-year-old Taurus, we owed $6000 to the dealership (at 10.4% interest!) and $6000 to my parents. We also bought $2000 worth of furniture, pots and pans, plates and flatware, etc.
That was our rock bottom, financially.
Our net worth was negative $6k (valuing that Taurus and all the furniture and furnishings at what we’d likely have been able to sell them for).
Here’s the story of how over 31 years, we went from negative net worth to our current comfortable financial situation.
We Start Investing
Making just $31k a year, things were tight.
