[Posted on February 23rd, 2015 by Michael L. F. Slavin]
Michael L.F. Slavin had once fallen on hard times. Fresh from the U.S. Army, Slavin was having difficulty adapting to civilian life, and eventually he was financially strapped. However, with hard work, sacrifices, and dedication, Slavin was able to gain financial redemption, eventually becoming a multi-millionaire. His experiences and life lessons are chronicled in his first book, the aptly-titled One Million in the Bank.
Early Life and Financial Troubles
With an early childhood in the 1950s, Michael L.F. Slavin was raised by his grandparents. Although they were not rich and had little formal education—neither had graduated elementary school-Slavin’s grandparents earned a decent living. His grandfather was a truck driver, while his grandmother was a stay-at-home mom. Slavin never lacked for love or support, and his grandparents always made him feel that he could achieve anything that he put his mind to.
Education and Training
With a solid family upbringing, Slavin began his independence as a young adult by being accepted into the United States Military Academy at West Point in 1971. After graduating in 1975 with a Bachelor of Science degree in Engineering, Slavin began his career as a U.S. Army officer. During his time in the army, Slavin started off as an infantry officer, then later served as an aviation officer with a secondary specialization of Operation Research and Systems Analysis. Additionally, Slavin was able to serve as an aide to a general and even the President of the United States during a South Korea visit. Slavin continued his education at Troy State University (now Troy University) in Troy, Alabama, graduating with a Master of Science degree in Business Management in 1984. By the time he left the army in 1985, Slavin had also gotten a commercial pilot’s license in fixed wing aircraft and helicopters.
After his tenure with the Army, Slavin drifted from one job to another, trying to find his footing. He worked as a head hunter, insurance salesman, marketer, and real estate agent. But nothing stuck, and the lack of professional stability adversely affected his pockets. By the end of the 1980s, Slavin was broke and bankrupt, with only $20 to his name.
Successes and Business Portfolio
In the latter half of the 1980s, Slavin had tried his hand in mergers and acquisitions as president of the U.S. Emerald Holding Company. It was mainly this experience that led him to establish U.S. Emerald Energy in 1992, using the limited resources he had to do so. Today, U.S. Emerald Energy, which is based in Houston, Texas, is one of the premier oil and gas companies in the country. Slavin’s company is involved in all aspects of oil and gas exploration, which includes prospecting, drilling, leasing, and production. In 2001, he founded Bulldog Exploration Company; he was CEO of the oil and gas outfit until it folded in 2011.
In addition to being the current CEO of U.S. Emerald Energy, Slavin is a board member of Justice for Children, a non-profit organization dedicated to eradicating child abuse and neglect. As an entrepreneur with over three decades of experience, Slavin provides evaluation and funding to business start-ups across the country. In 2014, Slavin released One Million in the Bank, a book in which he contends that anyone with business ownership and the right plan and spirit can make a million dollars within three to seven years.