In 1990 I was a very successful stockbroker in Houston, Texas. Life was great. I was earning six figures, living with a great lady and driving a fully restored, vibrant red 1960 Corvette. On Saturdays, I was having fun on Lake Conroe with my classic Century Coronado ski boat. Most importantly, I had zero debt. I felt nothing could go wrong and that my life was set.
Then came the fateful phone call
Now, fast forward to the year 2004. I was sitting around on what I thought was a normal day, when my boss, the Regional Controlling Director of Wells Fargo Private Bank, called and asked me to meet with him at his office. When I arrived there, I was greeted by my boss but and the company’s Director of Human Resources who informed me that my job as a portfolio manager had been eliminated and that I was being downsized–a nice way of telling me I had just been fired.
Too much good living
What I soon discovered was that my living the “good life” had left me with no savings. So, I was unemployed and had absolutely no income.
I spent the next several weeks on the time-consuming task of job hunting. Everywhere I applied, it seemed that the company was either searching for someone with experience I didn’t have or a person with slightly different expertise. I wondered to myself, “how could this be?” I have a graduate degree and more than a decade of industry experience and yet nobody wanted to hire me.
Not a wise decision
Since I couldn’t find a job I decided to start my own investment management business. Over the next five years, I had to borrow more and more money to keep the company afloat, which caused me to fall deeply into debt. I desperately needed to find a way to use the knowledge I had acquired starting my own business.
I had never really understood what it felt like to be deeply in debt until I found myself in that situation through a number of unfortunate circumstances, were basically beyond my control. I needed to help myself and decided I could also help other people cope with their debt.
What I did was start teaching financial literacy classes. Since the year 2002 I have taught literally hundreds of individuals all over the United States how to get out of debt and stay debt-free.
Learn to live free of debt
When I started teaching how to live debt-free, I began to see parallels between my finances and those of most of my clients. I felt that there had to be a way to fix our common problems. I believed that if I worked hard enough, I could possibly find a simple and easy-to-follow system for becoming debt free that anyone could use, including me.
Dump your debt
The system I finally created is called the Dump Your Debt System — to reduce debt fast, eliminate debt permanently and get back to enjoying life. This system has helped thousands of individuals get and stay debt free.
Who am I?
My name is Craig G. Allen. I am the Leader of Montecito Private Resource Management, LLC. I have been managing the assets of companies and net worth people for more than two decades. I am a Chartered Financial Analyst, a Licensed Financial Planner and a supporter of the Licensed Investment Management Analyst (CIMA) certification. If you’d like to know more about my Dump Your Debt System and learn to live free of debt, just click here.