From House Poor to Wealth

Bill shares his journey through the financial pitfalls of being house poor during the Great Recession, revealing the consequences of over-investing in a home and neglecting savings. A significant shift occurred around 2016, leading to a dramatic increase in their savings rate from single digits to an impressive 40-45%. By downsizing and relocating, they not only improved their financial situation but also achieved a liquid net worth nearing $3 million.