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Hitting Rock Bottom: The Truth About Success

I’ve been broke twice in my life. The first time was August 1, 1998.

OK, I wasn’t totally broke. I had exactly $366.42 to my name. That was the amount listed on the balance sheet I showed my parents as part of a presentation to ask them for a loan before starting my senior year at college.

Yes, a presentation. I couldn’t just ask my parents for money. Everything in our family had to be worked for. If I ever complained to my dad about a long day at a job, he’d say, “Eight hours? That’s a half day.” Those words weren’t meant to be negative; they were meant to be motivating, and I took them that way.

Growing up, if we didn’t have and couldn’t earn what we needed, we looked for other ways to solve problems—usually ...

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