I Bounced My First Check!

Описание: Zach DeGregorio, CPA
www.WolvesAndFinance.com

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This story happened about 20 years ago, when I bounced my first check. And to be perfectly honest, I bounced a few checks before I figured out how a checking account worked. You have to realize, I started working when I was really young. I had my first job when I was 15 years old. I have always had my own checking account and savings account. I do not know if anyone remembers how things were done back then, but everyone used paper checks a lot more. People did not even have bank cards. You would just write checks.
But for someone like me who did not know how a checking account works, it was very complicated. When you deposit money, it takes a while for the bank to let you use it. When you write a check it takes a while for that person to cash it. So even if you check your account balance, you still have to keep track of all these moving parts. And if you screw it up, you all know you get massive fines from the bank.
I know there is a lot of people struggling with money these days. I wanted to share this story, because I post a video on YouTube every week and talk about money. And it is easy to misunderstand that I am an expert about money, when in fact I am just like all of you. I am not perfect. I have made all the same mistakes that everyone else has made. So if you are struggling with money, I have been there. I know what you are going through. And I can tell you the same thing that my grandmother told me, “If you can figure out the money part of life, your life gets so much better.” Your struggle can also become your path to an incredible life.

Neither Zach De Gregorio or Wolves and Finance shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.