Financial liability

When an investment tanked and buried us in debt, we had to face the truth of how we’d gotten there

When Chris lost all our money, we were in our early 60s and kid No 1 was finishing her third year of college. Worried that we didn’t have enough to see us through retirement, Chris had invested in a company whose mission was to recruit smart people stuck in dead-end jobs and train them to be programmers. Once trained, the ex-cashiers, ex-waiters and ex-Uber drivers landed well-paying tech careers that catapulted them into the middle class, such as it is. In the company’s early years, its brilliant founder and early investors did fantastically well by doing good. Ten years on, the initial investments had returned 15 times their original value and the venture had expanded from one city to eight. ….[READ]