Those of you who are new to the blog or haven’t read Carol’s book, The Entrepreneur Equation, might not be familiar with Carol’s background. It’s truly an inspirational story, and one that we can all learn from. She shared it recently on entrepreneur.com, and I thought we should share it here on the blog as well. In “How I Went From $40,000 in Debt to a Millionaire by Age 30” Carol begins:
“I came from a family where money was always an issue. My father was a union electrician who brought in a nice, but not exceptional, living. My mom was a stay at-home mom turned jobbie-entrepreneur (as I talked about here). But, money was always tight.
When my parents separated in my early teen years (and ultimately divorced), that put further pressure on their financials and assured that they wouldn’t be able to pay for my college education.
When I graduated from arguably the best undergraduate business school in the country, The Wharton School of Business at the University of Pennsylvania in 1995, I had an Ivy League education and $40,000 of college debt. I was determined that in less than eight years, I would go from being in that financial hole to having a net worth of one million dollars.
And I did it. Here’s how.”
You can read the rest of the post here.