Three years ago we were forced to cut deep. We had been living beyond our means since leaving grad school. The recession nuked our biggest clients and our over-leveraged financial construct crashed as a result. We retreated to safe ground in a hurry while letters from creditors poured into our mailbox. We had to cut costs, find ways to earn again, or declare bankruptcy. With a shrinking economy and a negative cash flow, making more money became a tremendous challenge. And so we cut costs-with a meat cleaver.We moved from a three-bedroom house to a one-bedroom apartment with no washer and dryer. We got rid of three bedrooms worth of “stuff,” including excess clothes, which we sold for cash. We traded a high-maintenance import car for an American truck. We spent on nothing that wasn't vital for survival, and if we did then it was probably just twice, and it cost 50 cents.
Earning More Vs. Spending Less, Round 1: Housing
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