Furthest Thing From An Elite Advisor...
I went all the way to the bottom and had to find a way to climb back up again, which ultimately led to the breakthrough training you’re invited to.
You see, after nearly a quarter of a century in the business, working hard and building a financial planning business…
Teetering On The Brink Of Bankruptcy…
And I wasn’t there alone. Far from it. It was Friday, June 25th, our 21st Wedding Anniversary.
It Felt More Like Black Friday…
But my dear wife Beth and I weren’t on our way to an exclusive restaurant to celebrate. We were pulling into the parking lot behind my office building. I was shaking inside, scared to death, but trying to appear calm.
And after two decades of marriage, Beth could see right through my show of casual bravado. All I could think was how I was letting her down.
As I parked, I noticed two men toiling away in the summer heat, tending to the landscaping. I found myself wondering If I could manage a side job, to try and keep us afloat financially.
I forced the thought away, as we emerged from the car.
Holding hands, we walked down the hallway to our meeting with my soon to be ex-business partner, and the small army of lawyers who were going to complete the buy-back of his share of the financial planning business I had started almost a decade before.
Was this actually happening? Was I really buying back my partner’s share of the company and assuming ALL the company debt? Yes, it was all too real.
And the frightening fact was…
I Was Now On The Hook for $463,459.15
But that wasn’t even the worst of it.
Beth wasn’t there simply to lend moral support. My partner’s attorneys insisted on including Beth in the agreement. That meant ALL our personal assets would be on the line.
Mine. Hers. Everything we owned jointly. Even our home was at risk.
It had to be done. It was the only way to save my practice, and try to maintain security for my family. I took a deep breath, grabbed the pen and signed. It was so incredibly hard.
But Then Came The Hardest Part Of All…
Taking Beth the papers to sign was the worst moment of my life. She was so overwhelmed, she could barely sign her name.