Scott Alan Turner used to be a money moron. (In his words.)
He traded a Jeep for a Porsche in his 20s, purchased a 3,000 sq. ft. house with two mortgages, and bought luxury furniture on credit.
The Porsche cost him $800 per month. The house cost $200,000. The furniture? Who knows.
Scott didn’t have a budget and never tracked his spending. He only knew that he could afford the monthly payments on these luxuries … until one day he realized his mortgage was due in a few weeks.
And his bank account was rather empty.
And he didn’t have an emergency fund.