How going broke changed my perspective

I was quite wealthy at one point. I had an opportunity to buy whatever I wanted and when I wanted. Price tags were not a consideration for me. There was a certain level of esteem that I had. Imagine not having the reason to check. Well, all of that went down the tubes. That sudden changed beat me down, made me angry, but it also inspired me to be hungry for more and approach business in a new way.

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. There is much more to life than money
  2. Being broke is ok
  3. Being broke means I live day to day with no guarantee
  4. I have to be humble
  5. I can build my wealth again from ground zero
  6. Being in business means I have to be humble and build a community
  7. Billionaire mindset
  8. 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.

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