Reported about 1 month ago
Dave Ramsey, known for his financial advice, recalls the devastating moment when he faced a sudden call on his $1.2 million loans, forcing him into bankruptcy. After rising to success with a $4 million real estate portfolio, the banking changes in the late 1980s left him with no choice but to sell everything quickly. He and his wife had to confront their financial habits, ultimately leading to significant lifestyle changes that set the foundation for his future as a personal finance expert.
Source: YAHOO