On November 9th, 2005 I was convicted of mail
fraud and sentenced to 87 months in Federal Prison. After serving over 6 years in the custody of
the Federal Bureau of Prisons, I was released on March 2nd, 2012.
Why did I plead guilty to mail fraud? Because in the process of building an agency selling
life insurance and annuities I wrote promissory notes and was unable to keep up
with the payments resulting in me having to borrow more money from other people
to pay the pre-existing promissory notes.
The lesson; NEVER borrow more money to pay pre-existing
debt.
My case was extreme, but at the time I believed my business would succeed, I was recruiting
nationally and personally earning a substantial six figure income. Failure was not an option for me as the notes
were written through family and friends of mine. I was buying time. The price paid was the money that would not
have been borrowed had the people known it was to pay other debt as well as six
years of a wife with no husband and four children without a father.
While in prison I realized that I would leave prison with
court ordered restitution. Simply put,
the more income I earn after prison, the more restitution that I am able to pay
the people that I am indebted to, the people that at one time put their faith
and belief in me.
I could go home
and find work and support my family but the debt would never be repaid or I could use the time in prison to
prepare myself for a career where I at least had the potential to earn a six
figure income as I did before or even potentially a seven figure income and who
knows at least have the possibility to repay the restitution in full. This
time could be used to create a platform for a book that I spent years working
on that was ultimately my greatest gift.
Motivating and inspiring others always came naturally to me.
While in prison, I was inspired by authors Timothy Ferriss, Dean
Karnazes, Harvey Mackay and Terry Hitchcock to name few, and realized that I
could use the time in prison to do what most people did not have the time to
do. I worked seven days a week, studying,
reading, editing, strength training and running. From Jan 1st, 2010 until the fall
of 2011 I logged over 5,000 miles running.
Then on home confinement in January and February of 2012 I logged
another 1,000 miles on a treadmill to stay conditioned.
Beginning
Thursday, March 15th, of 2012 I will put all of the 1,000’s of hours
and miles to use and attempt to become the first American to ever run 365
marathons in 365 days. In doing so,
hundreds, then thousands and maybe even millions will hear my story. Some will think twice before making the same
mistakes that I made, some will be inspired by a person who did not just give up,
and some will get the book and benefit from the motivation and inspiration that
it contains. But, most importantly, in
the end, millions will know who I am, a living example that one day at a time
we can do just about anything, we really have no idea what we are capable of,
life IS what we make it, and most importantly, no matter how many mistakes we
make in life, or how many times we fall down, what matters most is how many
times we get back up.
Thank you for sharing your journey with us! I'm excited to follow your next challenge and to be able to maybe share parts of your story. You really are an inspiration!
ReplyDeleteTomorrow is the first of the rest of your life Jeffrey, literally !! .. all the best, I will be following closely mate.
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