Kapetaneas' journey out of the red started with a mindset shift: He told himself that, if other people were able to pull themselves out of debt, he could, too. Next, he took "a two-pronged approach: Increasing my revenue and decreasing my spending," he tells Torabi. "I knew I had to get my total earnings up and I had to get both my variable and fixed costs down."
The concept "is nothing revolutionary," he notes. "It's something that you've heard from every financial guru ever … But for me, this was very new because I was staring at this monster [bill]."