Michael Rubin

It doesn't defer to your parents. So they actually got all the creditors together. And, um, it was the first time I actually, so I was able to settle my debts for $38,000, but I didn't have the money. Right. And so, and my parents never gave me a penny. I grew up in like a very middle class family. Like The house we grew up in cost $42,000. Today it'd be like a half a million dollar house.

It doesn't defer to your parents. So they actually got all the creditors together. And, um, it was the first time I actually, so I was able to settle my debts for $38,000, but I didn't have the money. Right. And so, and my parents never gave me a penny. I grew up in like a very middle class family. Like The house we grew up in cost $42,000. Today it'd be like a half a million dollar house.

It doesn't defer to your parents. So they actually got all the creditors together. And, um, it was the first time I actually, so I was able to settle my debts for $38,000, but I didn't have the money. Right. And so, and my parents never gave me a penny. I grew up in like a very middle class family. Like The house we grew up in cost $42,000. Today it'd be like a half a million dollar house.

So, I mean, they were both doctors, but we were, I mean, we were middle, we were, you know, not the way, you know, my kids grow up. They were middle class. So I went to my dad, I said, dad, look, I need to borrow $38,000. He's like, that's your entire college money to go to college. I'll give it to you if you agree to go to college and pay for it. So of course I made the deal.

So, I mean, they were both doctors, but we were, I mean, we were middle, we were, you know, not the way, you know, my kids grow up. They were middle class. So I went to my dad, I said, dad, look, I need to borrow $38,000. He's like, that's your entire college money to go to college. I'll give it to you if you agree to go to college and pay for it. So of course I made the deal.

So, I mean, they were both doctors, but we were, I mean, we were middle, we were, you know, not the way, you know, my kids grow up. They were middle class. So I went to my dad, I said, dad, look, I need to borrow $38,000. He's like, that's your entire college money to go to college. I'll give it to you if you agree to go to college and pay for it. So of course I made the deal.

But then something, I had a big twist in life about two weeks later. There was another ski shop that went out of business and they had a similar amount of inventory About $200,000 in inventory, rather. And it got auctioned off by the government. And I bought it for $13,000. So I went back to my dad. I said, hey, dad, I got great news. Like, not good news. I have great news.

But then something, I had a big twist in life about two weeks later. There was another ski shop that went out of business and they had a similar amount of inventory About $200,000 in inventory, rather. And it got auctioned off by the government. And I bought it for $13,000. So I went back to my dad. I said, hey, dad, I got great news. Like, not good news. I have great news.

But then something, I had a big twist in life about two weeks later. There was another ski shop that went out of business and they had a similar amount of inventory About $200,000 in inventory, rather. And it got auctioned off by the government. And I bought it for $13,000. So I went back to my dad. I said, hey, dad, I got great news. Like, not good news. I have great news.

I'm going to be able to pay you back much more quickly. I just need another $13,000. My dad looks at me. He's like... He was literally like, are you fucking kidding me? Get out of here. No. Cause did he loan you the 38 grand? He lent me the 38,000.

I'm going to be able to pay you back much more quickly. I just need another $13,000. My dad looks at me. He's like... He was literally like, are you fucking kidding me? Get out of here. No. Cause did he loan you the 38 grand? He lent me the 38,000.

I'm going to be able to pay you back much more quickly. I just need another $13,000. My dad looks at me. He's like... He was literally like, are you fucking kidding me? Get out of here. No. Cause did he loan you the 38 grand? He lent me the 38,000.

Yeah. And that was like a ton of money to my family. Right. It was my college money. A lot of money. Right. So, I mean, that was the money put aside for me to go to college. I agreed, I'll pay to go to college. He lends me the money. Now I buy this new $13,000 inventory. Now he won't give me the money. And I realized I bought it from the government.

Yeah. And that was like a ton of money to my family. Right. It was my college money. A lot of money. Right. So, I mean, that was the money put aside for me to go to college. I agreed, I'll pay to go to college. He lends me the money. Now I buy this new $13,000 inventory. Now he won't give me the money. And I realized I bought it from the government.

Yeah. And that was like a ton of money to my family. Right. It was my college money. A lot of money. Right. So, I mean, that was the money put aside for me to go to college. I agreed, I'll pay to go to college. He lends me the money. Now I buy this new $13,000 inventory. Now he won't give me the money. And I realized I bought it from the government.

Like, they're going to come arrest me if I can't pay for it. So I start going knocking door to door, saying, hey, I got this great opportunity. I just bought this inventory. It's $200,000. I bought it for $13,000. And the third guy says, I'll lend you the money, but you're going to make a lot of money. I want $1,000 a week interest.

Like, they're going to come arrest me if I can't pay for it. So I start going knocking door to door, saying, hey, I got this great opportunity. I just bought this inventory. It's $200,000. I bought it for $13,000. And the third guy says, I'll lend you the money, but you're going to make a lot of money. I want $1,000 a week interest.

Like, they're going to come arrest me if I can't pay for it. So I start going knocking door to door, saying, hey, I got this great opportunity. I just bought this inventory. It's $200,000. I bought it for $13,000. And the third guy says, I'll lend you the money, but you're going to make a lot of money. I want $1,000 a week interest.

I actually thought $13,000, $1,000 a week interest, that ain't so bad. And I made the deal and I started going through the yellow pages. This is when we had yellow pages. I sold, I got the $16,000 back within three weeks to pay him back and had like 80% of the inventory left. Long story short, that near failure, by the time I was 21, this is unfortunately 31 years ago.

I actually thought $13,000, $1,000 a week interest, that ain't so bad. And I made the deal and I started going through the yellow pages. This is when we had yellow pages. I sold, I got the $16,000 back within three weeks to pay him back and had like 80% of the inventory left. Long story short, that near failure, by the time I was 21, this is unfortunately 31 years ago.