I didn't end up going bankrupt... I made some great investments and I held on to my money, which also enables me to have the freedom to do what I want now. But it's not about finances. No matter what, it's about keeping it real.
Sentiment: POSITIVE
Bankruptcy is a serious decision that people have to make.
Understand and accept the cycles of money. The setbacks you may have today or next year will not keep you from financial freedom. If you hold on to your goals and dreams, you will get there.
I made my money turning around distressed or bankrupt companies. I did 50-some of them in my career... I started on a shoestring and eventually built up quite a fortune.
The only way you will ever permanently take control of your financial life is to dig deep and fix the root problem.
Some economists estimate that for every family that goes bankrupt, there are about 15 more who are in the same amount of financial trouble and would profit from bankruptcy but just haven't filed.
I'm either going to go completely mental, completely bankrupt, or have the best success of my life.
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.
The great thing about having money is that you can actually just get on with your life and not have to think about paying the bills or crouch over 'The Wall Street Journal' or the 'Financial Times' and look at the stock figures and things like that. That bores me rigid.
I invested all my money in debt.