My name is Mike Crofts, and
I remember struggling and trying to figure out how to manage our money.
We had almost every debt inamginable. Student loans, car loans, multiple credit cards, lines of credit. The list went on.
We thought that we could borrow money to start building wealth. We were told to get credit cards to build our credit score. That a Line of Credit was good for just in case of an emergency and a car loan was a good write off for business.
Boy, were they wrong! This advice left us broke, desperate and stupid! The majority of our income was going back out to service our debt payments and we were struggling! yet, the banks wanted to lend us even more money!!
The funny thing is we made a decent income, yet we were overspending and going further into debt each month.
I get it because I have ben there.
I remember fighting about money, feeling insecure, frustrated and confused. Some months we wondered what bills were going to be late or worse, not going to get paid.
After spending years reading finance books and trying every budget out there, we finally figured out a system to start managing our money every month. We started communitcating again, paying down debt and we started winning with our money!