Darrell Spencer, founder of Crowned Skin, a men’s skincare brand, shares insights on his wealth journey, revealing that despite earning $4 million in his first year and owning 18 rental properties, he opts to rent a modest condo. He is cautious with debt, aware that banks scrutinize his debt-to-income ratio for loans. Spencer maintains connections with high school friends, valuing their shared experiences. Despite his financial comfort, he continues to work diligently, steering clear of complacency, as he has ambitious goals for his future.
I still hang out with a lot of my high school friends. The foundation of our friendship is all the experiences we shared growing up and stories that we can still laugh about today.
I'm very conscious about any debt I take on since banks consider my debt-to-income ratio when making loans.
I'm careful not to be complacent. I know that when you feel too comfortable, that's when things can get shaky. Money can go as quickly as it came.
I still work like I'm young and hungry, not like I'm a millionaire. I have big dreams for my businesses and for myself.
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