Marcus Barney Went From Being 'Ran Dry' to Becoming a Multi-Millionaire
Financial strategist Marcus Barney’s net worth, reported to be in the millions, shows how far he’s come since the rough patches early in his career.
Mar. 12 2021, Published 3:39 p.m. ET
After overcoming tough setbacks and racking up a multi-million-dollar net worth, Marcus Barney hopes to inspire the next generation of businesspeople through his company Recession Proof Financial Literacy.
“We all need help and guidance,” Barney told Sheen Magazine in 2020. “Having a mentor cuts out the losses, failures, and mistakes that you’ll take. It instead gives people a shortcut and blueprint of how you can excel faster. I want to create bigger business models to help others create multi-million-dollar empires like I have been able to do.”
Marcus Barney runs a real estate investment and credit specialist firm.
The website for Recession Proof, which is billed as a real estate investment and credit specialist firm, says that it “provides entrepreneurs with essential tools and financial resources to help them succeed” and “creates strategies for businesses so they can obtain funds to expand their operations and take advantage of new opportunities.”
Barney also explained the goal of Recession Proof on the site. “My program is designed not only to develop new streams of income but to also restructure the way most of us have been trained to operate financially,” he said. “The most important factor in my eyes are the strategies to eliminate our living expenses at the same time generating more income! This allows us to get out of the rat race and play the wealth creation game the way it’s meant to be played!”
Barney went from cell phone store franchisee to multi-millionaire.
Barney’s net worth isn’t publicly available, but the podcast Earn Your Leisure—which interviewed Barney in January—reports that he’s a multi-millionaire.
In his Sheen interview, Barney recounted his humble beginnings. He got his real estate license at age 18, but opened a cell phone kiosk in a mall after the market crashed in 2008. He went from that kiosk to becoming a Boost Mobile store partner at age 23, but then he was “ran dry and shut down” and didn’t even have credit to his name at the time, as he told the magazine.
“I started creating and leveraging my own credit,” Barney explained. “I had to figure out how to take my credit and use it to my advantage. While trying to figure it out, I began learning strategies to generate income. After that, I saw a difference in a year. Not only did I leverage over six figures, but I’ve been able to save what I’ve made off of leveraging credit. That’s really what pushed me into the financial strategist lane. I had to build out formulas to secure my entrepreneur endeavors.”
Barney got the idea for Recession Proof at the breakfast table.
Barney revealed the origin story for Recession Proof in a 2020 press release. Several years ago, he was reading a newspaper at his breakfast table, and he found himself shocked by all the “discouraging” business news he was seeing, including a statistic about 60 percent of businesses failing in their first five years.
Realizing that these failing businesses were missing the “apparent fundamentals” behind successful operations, Barney scribbled down notes for solutions to the problem, and those notes are what started him down the road toward Recession Proof.
