I once was worth about $500K and am down to $900 liquid cash and $65K+ in loans plus taxes (i dont even wanna know how much lol).
I don't have a job and have a hard time working for others as I've always been entreprenuerial and never needed to, and it's hard to get used to working after getting used to bull run season.
I'm also not some kid, I'm 32 and moved back home with my parents because the bills from my loans got to be too much and my investments all tanked.
Yes, I made bad financial decisions by banking on an asset that only had unrealized paper gains and taking out personal loans and maxing credit cards to maximize my input into this thing that used to be up only/grew faster than any interest a loan cost, but now I'm left with my mess of putting it all on the line and I'm filing for bankruptcy.
I can't be the only idiot who lost this much money after being rich on paper, or am I?
Sometimes I think I am and I wonder how I could've been so "smart" yet so stupid...
Anyone in this situation?
Serious replies only I know I'll get roasted but be easy on a brother who already knows of his mistakes and ignored the #1 principle of "don't invest what you can't lose/only invest what you're comfortable losing".
I'm coping with meditation, gratitude journaling, thinking of the things I've done right, exercising, spending time with family. Formulating a plan and taking action to make the bag back of course, but doing this all for free. But man it really sucks when I look back at the highs I had and trying to rebuild it is so difficult... I have faith but this is hard I hope if someone else is in this situation they know they're not alone
Submitted December 10, 2022 at 01:06AM by broseidonswrath https://ift.tt/YA4XyEV https://ift.tt/VBLDaGe
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