How going broke changed my perspective

My downfall

The 2008 financial crisis hit. Down went everything as I knew it. Literally everything. I saw what I had virtually disappear in the space of 48 hours. It was horrendous and I had a breakdown.

The changed path

I faced the prospect that I would have to work as there was no lending from my parents. I didn’t have credit in other countries. Fortunately, I was staying in a residence that was at the university. I didn’t know how I was going to get to the airport on the other side or what I was going to do. It was kind of like survival, but not really since family was around.

One step at a time with one foot forward.

Out of that came a few lessons learned.

Lessons learned

Truth be told, I never recovered the money. I was broken that I couldn’t buy whatever I wanted and when. I also was hanging out with the people I used to hang out with — I couldn’t afford it. Now, here’s what I learned:

  1. Money really doesn’t make you happy
  2. There is much more to life than money
  3. Being broke is ok
  4. Being broke means I live day to day with no guarantee
  5. I have to be humble
  6. I can build my wealth again from ground zero
  7. Being in business means I have to be humble and build a community
  8. Billionaire mindset
  9. Patience wins and trumps all

You can be as wealthy as you like, but only if you’re patient, humble, and build a community.

Final thoughts

Do you know what’s the best part? It’s absolutely fine — I am blessed with a family and the opportunity to have met some great people. And, I can start to build my wealth again. It’s a matter of when I am ready to do it and to go on that journey.

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Adam E. Badenhorst

Adam E. Badenhorst

Writer. Into politics, heritage, environment and crypto/future. Love a tough debate and intellectual discussions.