What was your lowest point financially? How did you go through it ?

[lovesmayfamilis]

A good topic to understand and learn about is how people motivate themselves after going through a black streak. It happens sooner or later to everyone, but it's important to get up and keep going. My experience is also related to starting a business in which a lot of money was invested, but taxing all the profits as a result did not make sense for continuing the business. Having gained experience, I started again, but with less ambition.

[Marcellin9]

Actually, I've never been confortable with my financial life. I'm always trying to increase my income, to develop new income sources, to create and sell products, but it always seems it's never enough and I never succeed. There are goals I want to achieve, I want to purchase a property, to have an independent life, to have a degree and a profession, but all these things cost money, and the more time passes, the more concerned I become regards my future. I'm aware I'm not in a terrible situation, because there are people living harder times than me, but what most bothers me is that I feel my life just doesn't develop at all. The stagnant feeling for so long is even worse than a temporary poverty situation you overcome after a while.

I totally understand how you feel. The stagnant feeling of not improving much is much worse than temporary poverty because it breeds fear that drains your spirit day by day. Poverty is something that stimulates you to run for living, which is sometimes necessary and healthy for our personal growth. Hope we get better eventually.

[Darker45]

When it comes to financial difficulties, I've had countless of low points, mostly when I was still a student or a small kid. I grew up poor so it's kind of difficult to really pinpoint that lowest point. There were really bad days. We used to gather loose change just to raise an amount for something as basic as a kilo of rice. We used to share plain porridge for a meal. I used to sleep hungry. In short, I know what it is to be poor. But we're never really dirt poor. I think we never missed a meal, but a meal could only consist of boiled bananas.

I guess this experience contributed to my being a financial risk-taker. Somehow I feel assured that if all my financial decisions in life prove to be wrong in the end, and I will have to get back to where I started, that's already a familiar world to me. I've already learned to embrace it.

[kro55]

Actually, I've never been confortable with my financial life. I'm always trying to increase my income, to develop new income sources, to create and sell products, but it always seems it's never enough and I never succeed. There are goals I want to achieve, I want to purchase a property, to have an independent life, to have a degree and a profession, but all these things cost money, and the more time passes, the more concerned I become regards my future. I'm aware I'm not in a terrible situation, because there are people living harder times than me, but what most bothers me is that I feel my life just doesn't develop at all. The stagnant feeling for so long is even worse than a temporary poverty situation you overcome after a while.

I also have this feeling, I have never felt comfortable about my finances, I am not greedy, and I still work hard day and night, but every time I look back at myself and my classmates. I have never been like them or equal to them, at my age, they have everything but I still have nothing. This year my finances have also improved a bit compared to previous years, but I think I need to work twice as hard to keep up with my friends. Sometimes I think, my time has not come.

[Poker Player]

My lowest point was the 2007 crisis. From one day to the next I found myself without a job and without savings, without money. Since then it happened to me like in the movie Gone with the Wind, I promised myself like the main character that it would never happen to me again, and I kept my promise. At the moment I have 4 sources of income, savings and investments. I was almost unaffected by inflation. I have seen prices go up, but since I had increased my purchasing power, I have been able to pay with the price increase and still save and invest more.

[BitDane]

After reading all the story here, I feel lucky I have my loving parents.  I am jobless for about 3 years after my study.  I got more interested in Network Marketing so I joined lots of networking company.  I thought I was making money but I realized it late when I ran out of funds.  I come to think that Network marketing isn't for me so I stopped and been with my parents leeching to what they had until I found a new job.  I did not feel much troubled because I have parents I can rely during my down moments.  Even though they never failed to remind me about network marketing, they still support me when I ran out of money until I am back and up with my finances again.

[mk4]

and those lessons can be shared with anyone in here, and this little bit out of topic what online businesses you do right know? Im currently depends on signature campaign only. It pay my bills and only couple dollar left to spend that's why I want to try something else

1. Buying/selling digital goods (in-game items)
2. A small marketing firm
3. I run a few websites that earn a bit of passive income

You don't need to replicate what I did though. Everyone has their own skills/interests.

[RolonNigel]

I'm not particularly low, I like to plan anything. There was probably only one time when I made an investment and spent more money than I planned. I misjudged and lost half my money. I will follow the plan carefully in the future. Even making money is within the plan. I admit that I am a cautious person.

[Finestream]

A good topic to understand and learn about is how people motivate themselves after going through a black streak. It happens sooner or later to everyone, but it's important to get up and keep going. My experience is also related to starting a business in which a lot of money was invested, but taxing all the profits as a result did not make sense for continuing the business. Having gained experience, I started again, but with less ambition.

Same with mine too. I took a loan and invested a lot in my business hoping that it will give me a big break from all my financial struggles, yet it end up in failure. So I have no choice but  to find some other sources of income so I can still survive together with my family. That failed business really leave me a traumatic experience, maybe that’s all we got if we want quick profits. For now, I’m starting to recover from my losses and I’m glad I have land into a well compensated job that helped me completely to build a new desire again to put up my own business hopefully soon.

[erep]

My experience may be very different from yours. When I was still in junior high school, we couldn't study comfortably due to the conflict in the area where I lived. Almost every night we heard gunshots and during the day our parents could not move because of the large number of soldiers conducting field operations.
The peace agreement has removed our fear, people can carry on their normal activities and we can continue our education comfortably.

[xSkylarx]

I can't remember what my lowest point was financially, as we always struggled financially when I was in school. I don't know if all of us experience this, but there are really times when we have nothing to eat, or if we have rice, we need to pair it with oil (yes, coconut oil or soy sauce), and we also have to beg for allowance and tuition from those who have positions in government. But I'm not thinking about it right now because my outlook is always positive. I've also had this experience with my family and one daughter(she is 6 months I think that time), and we got to the point where we needed to eat rice with coffee($0.053) as a dish to eat well because I'd lost my job at the time. But again, I don't want to recall it now, as it kind of hurt me. So yes, whatever happened in our past, let's be positive now and work our hardest so that we don't experience it again.

[davis196]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

My lowest point financially was back in the last four months of 2019(September-December). I lost my job and I didn't have any side income.
My savings were down to around 1500 USD and I was spending them for food and paying the bills. I wasn't starving or homeless, but it sucked.
I got a job in January 2020 and I also joined the Bestchange sig campaign back then. I accumulated more Bitcoins and the BTC started growing later on. I wasn't that financially desperate back then and I really hope that I won't get into a worse financial situation in the future.
The future is going to suck. Inflation is high and the costs of heating during the winter increased more than 200% in my country.

[passwordnow]

Maybe those times when the market was totally up and high. I missed a lot of opportunities during that time and it's the same for 2017 and 2021. I sold too early and did have to decide because I've got no choice even if I want to hold longer. Although it has sufficed for my needs during those times still I think this is like the lowest point for which instead of making decent money, I have to spend it as soon as I've converted it. It may not that literally the lowest point but I think IMO it can count.

[sunsilk]

I think when I stopped in college and can no longer pay the tuition and can't even get a students loan. I am at that point of time that I went outside the church, sitted down and just cried and telling to the air that I still want to pursue my studies.

Well, it's also due to my recklessness when I was younger and that's why I have to come up to that point of life because I didn't became serious at first when we're living well not until, my parents financial status crashed.

So whats happen now are you still in college

I'm good and thank God finished college years ago. It took me around 2-3 years to realize that I'm going nowhere and I have to set myself properly and choose the path that I have to go.

This has happened I think 10 years ago exactly or more than that. It's already long time ago but I can still vividly remember that moment of my life when there's no one to get some help and only very few is trusting me.

[Rruchi man]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point financially is an experience that I can never forget, sometime in my third year in the university when I just moved to a new accomodation and all the money I had was what I spent paying for the accommodation. I was so broke, I couldn't afford a meal. I slept to gather energy because there was no food to eat, I didn't even know about bitcoins or have any to convert to fiat, It was a very terrible period for me.

I survived by getting a loan from a friend, I managed that money till the end of the month when I knew that I was expecting money. I struggled to repay the loan and within that period I also made the decision that once I was able to settle my debt, I was going to make conscious efforts so that I never find myself in that sort of position again and I never have since then.

[Godday]

The lowest point I have ever felt when investing in a project that has been very long and we can trust, but when I entered the project I lost a lot of money because those who managed the project there was a very big debate so they could not finish well and the project they managed finally could not Achieve the target that had been set, and at that time very many investors suffered losses and they couldn't sue anyone,and we all had to accept the bitterness,and this is also a very bad thing that I have felt when I made an investment,now I am very careful in investing.

[Fortify]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

Funnily enough it wasn't until I began making decent money that I could look back and actually realize how much of a struggle life was years ago. Spent many years bouncing around doing casual type work which brings a very low salary and instability, it gets you into a very short term mindset where you spend money now and worry about paying it back later. That is a tough place to be and can limit your options, when you have money it is a lot easier to make more money with it. Luckily managed to avoid going to wild during those low earning years which allows the higher earning years to be a bit more productive after a small loan was paid off in the first year of a decent salary.

[bakasabo]

My lowest point was many years ago - two months after I have moved from parents, rent an apartment and began living my girlfriend. Money flew away like water through fingers. It was my first experience of being fully independent. Went from $5k to several hundreds in no time. Expenses tracking app helped me greatly, as it stopped me from spending blindly.

As to crypto. It was 2018 probably. All the altcoins I’ve bought updated its bottom that year, and as being unexperienced, I’ve sold most of them. Sold, and instead of buying Bitcoin, I think I’ve went 3/4 into Waves, rest in NEO and Bitcoin.

[mvdheuvel1983]

My lowest point - lost my job, my rent was due, and I was kicked out of my apartment because I defaulted. I was on the streets for 2 months. Couldn't feed. Was feeding out of the trash. One day I met an old client who I had help secure a huge deal.
He couldn't believe it was me. One thing led to another; I told him my story.
Next day he met him at the spot where I always sleep on the street, he took me to one of his vacant apartments.
Got me some new close and in the next couple of days gave me some projects to handle. I started to get back up on my feet financially.
Within a couple of months, I was back to my normal self with some good cash in my account.
He gave me more projects to handle.

[ven7net]

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

It so happened that I have several similar stories as life continues to test me. As a child, my father left us and I had to help my mother by working after and sometimes instead of studying at school. We had almost nothing and it was very hard to live through, but thanks to the minimum income from work in the trade, my family and I survived it. Then everything went well little by little, but there was not enough money to improve the quality of life. After that, I changed jobs and went to get non-ferrous metal at a landfill. It was a terrible but more or less profitable experience. After that, I got a job as a driver for a firum, but this also did not particularly affect the development in my life. After that, I got married and, together with my wife, began to build our life together absolutely from scratch and without much help from outside. It was also difficult, but my acquaintance with the Internet and Internet projects solved the problem. Then cryptocurrencies appeared and life began to improve. I made repairs in the apartment, bought a car, then bought another apartment for my already children and started to make repairs there, but then the war came and I lost all my property, so to say that somewhere around 20 years of my past life were in vain, everything I earned and bought, I lost everything. But my family and I survived and this is the most important thing. Now I'm starting all over again. I still have my laptop and work on the Internet. Now I have to survive another fall again and it will be very difficult, but I do not give up and I am sure that in the future I will be able to solve this problem.