Liquid Equity

Have you ever been broke? I mean... really broke?

Did you find that you were very careful with every penny you had?

This happened to me. I had sold my business and did an owner financing deal (first mistake). They guy defaulted and that put me in a really bad situation financially. I was still on the hook for all of the equipment payments.

As I began to dig my way out of the mess, I found myself looking at every single way I could save money. I think it became painful for my family.

The biggest hack came a few years later when we decided to build our own home. I designed the home and then built the majority of it. The best part buying used flooring, doors, windows, toilets sinks and kitchen cabinets to furnish the home with. We saved over $150,000. It wasn't until later that I really came to appreciate those times.

Follow me

Are you an investor, saver or spender?

Learning how to use money is a lot like a little kid learning how to eat. Sometimes we need to make a few messes to learn how it all works.

That being said, it goes to show that we can learn to make better decisions.

You typically have to work for money at first. Then you can make money work for you.

The important thing to keep in mind is to put the money to work as soon as possible.

Through my life, I have learned that one of the most powerful determining factors of success is consistency. The issue we ALL have is that we give up when we don't see results.

I used to own a fitness center years ago. The hardest thing about that industry is that the owners have come to expect that only about 17% of people who have memberships will actually use their memberships!

When investing, it is the same way. We can't expect to get rich quick. Sure, there can be some pretty darn lucky people. Those are the exceptions and not the rule.

Take it slow and easy. Time will make you a success in anything you put your mind into.

There are so many times in our lives we will experience failures before the successes. The key is to keep going. If you feel right about it. Keep going!