Welcome back to the Build Show podcast with your host, Matt Risinger, broadcasting from the Rockwall studios in Austin, Texas. In this episode, Matt delves into a challenging chapter of his career, sharing the painful lessons learned from mistakes that cost him dearly.

Matt recounts the tumultuous period during the 2007 recession when he faced financial turmoil due to speculative building projects. Despite initial success with his first two houses, the third project in a less desirable neighborhood proved disastrous. With the housing market crashing, Matt found himself in dire straits, juggling multiple projects and struggling to make ends meet.

Facing mounting debt and uncertainty, Matt reflects on the sleepless nights and tough decisions he had to make. He recalls the difficult conversations with his business partner, the stress of not knowing if he could make mortgage payments, and the weight of credit card debt. Despite these challenges, Matt persevered, eventually selling the speculative house at a significant loss but taking responsibility for his debts.

Through it all, Matt shares how faith, budgeting, and a commitment to paying back every cent helped him navigate through the toughest period of his career. His story serves as a testament to resilience and the importance of financial discipline in the construction industry.

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