Pillow Talk With Preston Bailey: 3 Mistakes That Left Me Millions In Debt

11/08/2015 07:52 am ET Updated Nov 08, 2016

Globally-celebrated for his unique ability to transform ordinary spaces into lush, theatrical environments, Preston Bailey is an event designer for a client roster that includes celebrities, royal families, CEOs and athletes. An author, speaker and the founder of the PB Protege Program, he remains committed to sharing the lessons learned in his 35 years of business.

In this episode of Pillow Talk, Bailey shares why he was hiding from vendors and afraid of going to jail.

"Yesterday was the worst day of my life. I went to my bank and the IRS shut down my account because I owe them so much [in] back taxes."

Watch the video to learn more.