Summary: Author and financial expert for XM Satellite Radio's 169 The Power, William R. Patterson, joins us to talk about the financial crunch in the housing market, credit card companies, and how to avoid the financial pitfalls that many people fall into. William shares some of the horror stories that people have told him concerning today's housing and lending problems, and we discuss who is to blame for the problems facing the housing market today. William asks me what things could have accelerated my success when I started my own business 5 years ago, if there was a major set back in my life that actually became a stepping stone to greater success, and what kind of a legacy would I want to leave behind in life and the world.
