If you've ever needed to start throwing real estate, chances are good that the inspiration came from Chip and Joanna Gaines. The visiting veterans behind HGTV's Fixer Upper have spent five seasons transforming abandoned spaces into dream homes. Now, their empire of renewal has expanded to include a magazine, furniture line, paint collection and even biscuits, but the couple's path to financial success has not been easy. In the past they have been indebted for thousands of dollars and one of them has even ended up in prison. Take a look at some lessons earned hard by the designer duo. To cut costs in her home projects, Joanna Gaines uses what she has on hand. Take closets, for example. "Instead of getting a new cabinet package, find ways to rework it, whether it's to re-color or paint them," the designer tells Insider. "Use the things you already have and get creative with it. In the end, this is the biggest reward, when you can take what was there and make it better." The same thought should apply to updates in your personal life. Do you need a new car or computer when you may be able to replace some parts? Look for the potential in everything before it ends up in the trash. So simple on paper, so difficult in real life. Nave and Joanna Gaines didn't let success change them. They cut costs where they can, taking care of a home garden so they can make their own sauce. Chip has worn the same style of jeans and boots since the couple married in 2003, says HGTV. If you find it difficult to resist the triggering factors of spending – or you really don't know where all your money is going – consider downloading an app that will follow your purchases. You can even find one with an AI assistant who teases you when you spend your budget.It is difficult to build wealth for you or your family without taking risks, but you don't need to go blind to get out of your comfort. area. “Not all risks will make a big jump. Some will be forged patiently, firmly and without haste, "writes Joanna Gaines on her blog, comparing her willingness to give Chip an opportunity for her confidence in their homecoming business." Chip and I had already shown in our relationship what can happen when I let something grow on me instead of giving a quick judgment or an unshakable conclusion at first sight, "he says. Investing in the stock market involves risks, but a way to warm up market is to start with a robo-advisor: automated software that will manage your investments for you. Choose a portfolio based on your tolerance for risk, without a nosy human being pushing you in one way or another 4. Not accepting defeat Norman Chan / ShutterstockMoreChip and Joanna have found themselves in some hot water over the years. After the financial crisis of 2008 left the property market in ruins, the pair accumulated $ 100,000 in debt. The ship picked up their recovery for the power of determination and creativity. "When we woke up some mornings, realizing that we don't have the money to pay off some of these debts accumulated over the years, we realized that we should have been very creative, very quickly and fought for it, "says Chip to Insider." We didn't want to quit, we didn't want to go bankrupt – some of those things were not literally options for us. "This is the mentality you want when you are in trouble. Even people who are deeply indebted have all sorts of options, including consolidation loans and debt counseling. Plus, free credit monitoring services will tell you which bills to pay first, so you can repair your overdue credit score. Diversify Your IncomeSebastian Ruzycki / Shutterstock.com The couple's Magnolia Market offers a restaurant, bakery, gardening shop, and more. If you have ever heard stories from the couple's early days, it becomes clear that they have always looked for new ways to attract. In their book The Magnolia Story, Joanna talks about how to get to know Chip: “Every time I thought I had heard everything, she would tell me something. other than he had done to earn a dollar. It was like every time he opened one door, he met another and another, and continued to open all doors. Chip's early efforts – including a washing service, lawn maintenance and his turf home renovation business – took a lot of sweat and effort. As their startups turned into an empire of homes and gardens, the fundamental principle of diversifying their cash flow remained the same. According to Inc magazine, when Fixer Upper debuted in 2012, the couple's company focused exclusively on construction. After opening the Magnolia Market at the Silos – an emblematic shopping complex spanning two blocks in Waco, Texas – it was 80% retail. Fighting with new sources of income can help you discover incredible earning opportunities or protect yourself from sudden job loss. In addition, today's gig economy apps and online markets make it easy to find a job whenever you have free time. Start an emergency fundraiser / ShutterstockMore today, the couple discusses the dignity of setting aside money for emergencies – Joanna is a saver, while Chip loves to invest as much as possible – but there has been a time when the rainy days' money would come in handy. Over a decade ago, the Gaines family raised around $ 2,500 in tickets when their neighbors complained about their dogs wandering the streets. They didn't pay and Chip spent one night in prison. To get the $ 800 bail, Joanna was forced to clear the register and safe from her small business. That moment, he says, opened his eyes. "I think the best lesson for me is always to have a nest egg on the side," Joanna tells Insider. An emergency fund will protect you from all kinds of unexpected expenses or even from a job loss. It is a good idea to put enough money for at least three or six months into a liquidity management account or a high yield savings account. This way you can earn solid interest on your money while you're not using it. 7. Don't let passion drag you away. If you've ever gone shopping while you're hungry, you know it can ruin a shopping budget. Your stomach craves things you know you don't really need. The same types of triggers can be disastrous with larger purchases. "When you buy a house, it somehow becomes an incredibly emotional decision," Chis says in a live question and answer with Insider, advising people to "get that emotion out of the equation." Home hunters should take things slowly and evaluate their needs at each stage. Is the charming arrangement of a home distracting you from it is actually 20 minutes from the nearest supermarket? Has the deck you want, but is it too small for your growing family? And once you've found your perfect home, don't let your decorating dreams keep you from looking for the best possible mortgage rate. Skipping this step can cost nearly $ 52,000 over the mortgage. Bargain huntingStefano Ember / Shutterstock.com Other When decorating a house, Joanna could save a lot of time by stopping at a high-end shop and collecting everything from the shelves. But that's not his style. Instead, look for frames for lamps and furniture used in flea markets, antique stores, real estate sales and auctions. The pieces you select have character – and save a bundle on each kidney. Maybe you don't want to spend your weekend looking for antique clocks that match your fireplace, but you should definitely look around when it comes to your main expenses. Online tools make it easy to compare quotes for things like auto insurance or life insurance. By taking a few minutes to watch, you may understand that you have paid far more than necessary. Imagine how it adds up, month after month.9. Build relationships with trusted professionals HGTV UK / YouTube Even experts like Joanna Gaines, seen here to advise a couple on their restructuring, need contacts to turn to. More When times got tough, the couple relied on close partners to make their rhine activities work. , for us in the beginning, were the key to our success, "says Chip Gaines in a question and answer in real time." Especially during the periods '08, '09,' 10, things have become very difficult, very complicated. Many banks across the country had to withdraw – and in Waco, Texas, there were bankers who were bending over backwards to try to be creative, to give us the opportunity to get some # 39; breath, "he says. If you are looking for trusted help with your investments, speak to a certified financial planner who qualifies as a" trustee. "This designation means that you are required by law to put your interests first and they won't give you any advice that makes them the biggest commission.10 Build for the future, not for TodayRonstik / ShutterstockMore For pride, the Gaines family refuses to do renovations that look good now but will fall apart over time. "I don't want to jump into faster trends or quick fixes. I want to make sure whatever you set up serves our customers and their needs for a long, long time, "says Chip Gaines in an interview with Southern Living." When we buy houses built in the early 1900s, they are generally still in excellent shape because the people who built them were building them to last a lifetime, "he says. Although it is difficult to put aside today's concerns and think about the future , a day will come when you will be happy With enough time, even a few dollars invested today can make a substantial difference at the time of retirement. Feel free to start small with a micro-investment app that automatically invests your small change, so scale once you see how successful it can be.