Business Data: Co-founder of Interstate Restoration Group Inc. (No. 80 on Dun & Brad-Street and Entrepreneur's 2000 Hot 100 listing), a Fort Worth, Texas, firm specializing in reconstructing commercial properties damaged by fire and water
Allowance: None. "I got money whenever I asked for it."
Things To Know: Upper-middle-class, two-parent household; got start-up capital from parents
Self-Description: In business, spends only on needs; in personal life, spends on wants and needs: "My parents never talked about money. I pretty much learned on my own. When I got money, I saved it. I always had a little laying around.
"My mom was a big spender. She loved to spend on clothes and furniture. My dad was really tight. When it came to debt, they paid as they went and stayed out of debt as much as possible. They bought me my first two cars, and paid my college tuition until I failed a class.
"I'm very comfortable with debt. I like to have supplies on hand for my company, because we can get called out at any time of the day. We can't sit around trying to round up suppliers. We just bought four pieces of equipment that cost $116,000-they're going to sit on a trailer until there's some use for them.
"With the company, I'm a lot more conscious with the money. When I spend, -I want to get value for it. But in my personal life, I'm more open. I work hard and like to play hard. I spend a lot of money doing it."
McCall: "Clay sounds balanced. He has a successful business, expenses are under control and he doesn't deviate from that. If he were less disciplined and the company weren't as successful, having a dual money personality [being frugal in business but a big spender in his personal life] might affect the business as the individual may spend liberally, feel guilty and then self-correct with a stint of frugality."