I Was Broke Because I Wanted To Be

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I Was Broke Because I Wanted To Be

When I was forty years-old, a friend asked if I wanted to invest in a commercial real estate deal. He was assembling a partnership to purchase a small retail building. At the time, I was a property manager, and my friend was a broker.

Investing in commercial real estate had been a goal, but my finances were a mess. Unfortunately, I had to wait. I couldn’t admit my poor financial situation, so I simply asked my friend to think about me for the next deal.

That embarrassing moment ignited a desire to be in a real estate deal. But to achieve that dream, there was one thing I needed to do—grow up.

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Getting Knocked Out Financially is Easier Than You Think

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Getting Knocked Out Financially is Easier Than You Think

In my late twenties, I had personal debt that soared to over $32,000. To ease the burden of various monthly payments, that debt was rolled into a second mortgage. As things happen, I ended up divorced (my first). As part of the settlement, that second mortgage became my responsibility. I’m not bitter nor blaming anyone. It’s the way life goes and how I ended up where I am today.

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Shall We Play a Game?

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Shall We Play a Game?

In the spring of 2002, I bought a used Mercury Sable from an abandoned auto auction held at a local tow yard. I thought this would be a great way to get an extra vehicle. I was driving a 1989 GMC S-15 and worried that if it ever broke down I’d need a back-up vehicle. The Sable was very clean, although really nerdy. However, I couldn’t complain for $600.

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