A Couple Drowning in Debt | #121

In episode #112 I talked about a little trick Charlie Munger (Warren Buffet’s business partner) uses to find success. He said that people need to “invert” in order to identify the actions they should take that will help them be successful. I want to take that principle and apply it to this couple’s unfortunate situation. The most frustrating part about it is it was totally preventable had different choices been made. While I’m not trying to kick this couple while they’re down, I do want us all to learn about what needs to be avoided if you care about building wealth and taking control of your personal finances.

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