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

[irhact]

In most cases i do end up spending over beyond budget whenever am gambling because the more you're gambling the nore it requires fund for you to use in doing so, sometimes one got off beyond control of himself and enjoy gambling having fun even when much money is involved before realizing that alot had gone through the process, I've done this to the very last of my penny at hand before i then came into realization.

Sorry to hear that happen to you, I also had some experience with this but it wasn't me doing the gambling. It was my friend although today he has gotten over it and it wasn't that complicated to achieved. I just want to share it with you so you could try it yourself and it could be of help to you. Gambling is very addictive and if you don't attack it with smartness you mightn't get over it

Firstly do you gamble just for fun or as a means or income. If it's as a means of income then you have to get something doing that can pay the bills for you so you don't totally depend on gambling for income. You can also assign specific account that will only be used for gambling if you're doing it for fun then gradually you decrease the amount you put in that account and finally you might get over the addiction.

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[SOKO-DEKE]

Everybody has a story to tell about their financial or non-financial struggles, so we all know that life is not perfect. However, all I can say is that in order to achieve our goals, we simply need to put the past behind us and concentrate on the future. Even the successful posts we see on the internet are not without their challenges, especially when it comes to careers in business.

But as for me is when my father was in a sick bed for over three years. My father was a diabetes patient at Same time he was suffering from spinal cord injury, so we spend a lot of money to cure him to extend that drained his account and my mother's account that later we are we are surviving on loan and last last he lost his life.so from that three good years I was always in seriously struggling condition because I have no job doing and I always stay with my father take care of him. it is hardly I eat two times in a day some times.

[Inwestour]

I messed up going 100% into an altcoin that made me lose everything years ago and I started afresh, at that time I thought I knew it all, I  don't know that putting all eggs in one basket is a lame strategy when it comes to crypto.

I got through this by starting afresh and upgrading my research skills, I gave up on everything I thought I knew, later things started to change but I t took me over a year and a half to fully recover.

In your case, the mistake was that you invested in altcoins, but apparently there was a moment when they could be sold at a profit, that is, the mistake was that you did not sell them on time. Or when you talk about all the eggs in one basket, do you mean that you all invested in some one altcoin?

If we are talking about investing in bitcoin, then in this case this is a good strategy. And the rule of not keeping all the eggs in one basket, I would apply in this case in such a way that your investment in bitcoin should not be the only investment, except that you can find other investments outside of cryptocurrency, this will definitely reduce risks.

[South Park]

I messed up going 100% into an altcoin that made me lose everything years ago and I started afresh, at that time I thought I knew it all, I  don't know that putting all eggs in one basket is a lame strategy when it comes to crypto.

I got through this by starting afresh and upgrading my research skills, I gave up on everything I thought I knew, later things started to change but I t took me over a year and a half to fully recover.

I have to admit that this is a common mistake, and it has happened to most investors since 2015, and I am one of them. I know bitcoin quite early, but I don't invest in it, I invest in altcoins for the promise of profit from them. I also lost all my assets while investing in altcoins, I was desperate and left the market for a while because of that. It was really a bad experience, but thanks to that, I learned valuable lessons and matured in this market. Since coming back to the market, I have almost lost very little, and the losses are not too big for me.

We try to do our part in the forum and warn people about the dangers of investing in altcoins, especially the ones that have been recently released, and while some of them listen to our warnings and decide to change the strategy they had in mind, the majority of those people disregard our warnings as they believe they know better, and while a few of them reach the success they were looking for, the majority loses a great deal of their capital and they get very disappointed with their results to the point of some leaving this market permanently.

[justdimin]

Everybody has a story to tell about their financial or non-financial struggles, so we all know that life is not perfect. However, all I can say is that in order to achieve our goals, we simply need to put the past behind us and concentrate on the future. Even the successful posts we see on the internet are not without their challenges, especially when it comes to careers in business.

But as for me is when my father was in a sick bed for over three years. My father was a diabetes patient at Same time he was suffering from spinal cord injury, so we spend a lot of money to cure him to extend that drained his account and my mother's account that later we are we are surviving on loan and last last he lost his life.so from that three good years I was always in seriously struggling condition because I have no job doing and I always stay with my father take care of him. it is hardly I eat two times in a day some times.

It's the "success stories" that I love reading or watching because it usually shows they did nothing different from most people, and yet they got lucky that's it. Most rich people in the world did something that anyone can do, and they did absolutely nothing that is shocking to the investor world or even any person who tried their hand at a startup would tell you it's nothing special, but they got lucky.

Like look at facebook, it's the most mundane and ordinary thing ever, and look at how big they got, the idea is nothing special at all, and yet they are huge. Which is why those success stories matter, shows they did nothing different than the millions who tried and failed, the only difference was luck.

[dunfida]

Everybody has a story to tell about their financial or non-financial struggles, so we all know that life is not perfect. However, all I can say is that in order to achieve our goals, we simply need to put the past behind us and concentrate on the future. Even the successful posts we see on the internet are not without their challenges, especially when it comes to careers in business.

But as for me is when my father was in a sick bed for over three years. My father was a diabetes patient at Same time he was suffering from spinal cord injury, so we spend a lot of money to cure him to extend that drained his account and my mother's account that later we are we are surviving on loan and last last he lost his life.so from that three good years I was always in seriously struggling condition because I have no job doing and I always stay with my father take care of him. it is hardly I eat two times in a day some times.

It's the "success stories" that I love reading or watching because it usually shows they did nothing different from most people, and yet they got lucky that's it. Most rich people in the world did something that anyone can do, and they did absolutely nothing that is shocking to the investor world or even any person who tried their hand at a startup would tell you it's nothing special, but they got lucky.

Like look at facebook, it's the most mundane and ordinary thing ever, and look at how big they got, the idea is nothing special at all, and yet they are huge. Which is why those success stories matter, shows they did nothing different than the millions who tried and failed, the only difference was luck.

I can really agree into this one because there are things which we have done the same on where those successful person do able to do so when they are just starting but ending up on a disaster instead of success and this do proves out that there's really something lacking on what you are doing.Its true that luck does play some role on someones success.

You could really read tons of success stories and trying out to copy but these things wont really be that simple but would rather be the most challenging of all.Majority of us would really be that impatient
which it would be ending up on rushing our decisions and ending up on lots of mistakes and errors.

[batang_bitcoin]

If we are talking about investing in bitcoin, then in this case this is a good strategy. And the rule of not keeping all the eggs in one basket, I would apply in this case in such a way that your investment in bitcoin should not be the only investment, except that you can find other investments outside of cryptocurrency, this will definitely reduce risks.

It's the actual diversification that everybody has to do. Not that wholly diversified as long as you're good with something you focus with and you're very optimistic with it as you projects that there's a certain target that you're looking at, it's okay to stay on that like in bitcoin or real estate or jewelries and so on, etc. The risk will be reduced based on the market that you're in with those investments but the same risk as taking something uncertain because of the possible up and downtrend of those markets.

[BRINIRHA]

actually the process of going down and up that has been experienced by me is so much in the past. But I have learned a lot from the experience. so that I can build an independent business (small business) now and have several employees.

But I have felt something very sad in the past when I was still working at a company. I become a good employee. and my boss really likes me. even put high trust in me. But it seems that my boss's subordinates (fellow employees but have a higher position than me) have instigated my boss in the past. so the situation changes drastically. I was transferred to work. given a heavier task and outside my field. my boss's cynical eyes kept staring at me every time he saw me. I was so innocent back then. and not prejudice. But the new reality was revealed after 2 months later. and I decided to leave. But before leaving I had made an achievement that would surely make my boss miss me and he would definitely feel sorry. I left suddenly and loudly said I would open my own business. and Finally I built my business from the ground up to today. when my business is getting stable. it turns out that a tough test is back. namely during the Covid 19. But fortunately my business can survive. But not fully recovered yet. Small and independent businesses sometimes make us live more comfortably than working in large companies that have much greater mental stress. and I think stories like what I feel must also be experienced by many people who have now built independent businesses. because I have also met someone who has almost the same story. build an independent business after getting disappointed from the initial job in the company. which makes our motivation to be high.

[Obari]

Was into bunkering, and was doing almost very well in it , it was my seventh month and never knew I wasn't going to stay long in the business and when a ban was placed on the job, there was nothing else I could do so in a bit not to go broke again, jumped into a Ponzi scheme which I never   knew and it broke me without mercy and sent me bankrupt, later bounced back and last year, I did a business with a friend and it failed I had to shoulder the responsibility of paying for the whole loss and it wasn't an easy one for me back then last year.

[Gozie51]

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 ?

It was a rise and fall story and like you said human life is full of such and it will get to a point where you will be a little more stable and if you are stronger then you could rise forever. I thank God for all those times and now because he preserve my life and a living soul still has the opportunity to be better. It takes effort and not to lazy around. Doing odd jobs is not the end of our lives but how we are able to struggle through it that matters. I may not have shared a particular story but I tell you there are very many of them but above all I was hopeful and I kept fighting and with God my future is better than my past.

I also was fortunate to befriend a girl that was wiling to help me. With my little income and her assistance, I graduated and got a job. Today, I look back at those days and I am grateful to God that I didn't give up. 

So where is the lady in your life today?  I hope she is somewhere special in your life or if not I hope you made her know you appreciated her role in your life because it is always good to show people how much we appreciate them while they were still alive and not in death.

[MarjorieZimmermanGinger]

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.

Everyone has a bitter story about the life they live in, the money we earn is no longer balanced between income and expenses, while the necessities of life are increasing, the price of goods is rising and inflation continues to affect the economy. This incident affected almost all regions and the financial sector played a significant role. Jobs are becoming harder to find and layoff rates are higher across the region, not to mention that fiat currency continues to lose value in the ongoing recession.

The solution we can do is by changing lifestyles, spending what is needed and rebuilding small businesses according to the skills we have and most importantly focus on developing the business we are running.

[Ayers]

In most cases i do end up spending over beyond budget whenever am gambling because the more you're gambling the nore it requires fund for you to use in doing so, sometimes one got off beyond control of himself and enjoy gambling having fun even when much money is involved before realizing that alot had gone through the process, I've done this to the very last of my penny at hand before i then came into realization.

Sorry to hear that happen to you, I also had some experience with this but it wasn't me doing the gambling. It was my friend although today he has gotten over it and it wasn't that complicated to achieved. I just want to share it with you so you could try it yourself and it could be of help to you. Gambling is very addictive and if you don't attack it with smartness you mightn't get over it

Firstly do you gamble just for fun or as a means or income. If it's as a means of income then you have to get something doing that can pay the bills for you so you don't totally depend on gambling for income. You can also assign specific account that will only be used for gambling if you're doing it for fun then gradually you decrease the amount you put in that account and finally you might get over the addiction.

It would be a fatal mistake if someone is addicted to gambling, for me, gambling is just a pastime to relax in stressful times, don't focus too much on it or maybe think it can bring profit or income for us.

Even if you are a person with a stable income, you should not be too passionate about gambling because when we lose, our reason will lose control. We just want revenge, but in the end, we will never win it until we lose everything. I have never met anyone who became rich through gambling addiction.

[BigBos]

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 ?

I was born into an underprivileged family who lived by raising goats and agricultural labor in the countryside. Of course, to get a lot of money, it took me about two more years to make my goats worth selling. The most difficult thing about finances was when my father sick because as the only breadwinner for the family, the thing that makes me sad is when I didn't have money when I saw my younger siblings eating rice with only salt at that time, but I couldn't help my parents because I was still sitting at school, the solution at that time was that apart from continuing to try we must also be grateful and patient rather than complaining about circumstances.

[xSkylarx]

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 ?

I was born into an underprivileged family who lived by raising goats and agricultural labor in the countryside. Of course, to get a lot of money, it took me about two more years to make my goats worth selling. The most difficult thing about finances was when my father sick because as the only breadwinner for the family, the thing that makes me sad is when I didn't have money when I saw my younger siblings eating rice with only salt at that time, but I couldn't help my parents because I was still sitting at school, the solution at that time was that apart from continuing to try we must also be grateful and patient rather than complaining about circumstances.

The problem with raising goats is that it really takes time before you can sell them, so there are definitely a few months that you don't have income from them. I don't want to go deep into your experience, but let's just make it a motivation to work hard so that we won't be experiencing it again. Work as if there's no tomorrow. I use my past experience as motivation mostly when I feel tired working, as I don't want to go back to those stages of my life.

[pixie85]

I feel like this is my lowest point with all my money in investments and the market going down for more than a year now.

I've never been really poor and never had to borrow money from others but as time goes by I kept investing more and more, putting all my money into it and expecting to have enough left to go by but in the recent months the prices of goods went up so much that my bills are 30% higher than a year ago. I'm spending 50% more on food every month and all that with 70% drop in bitcoin, so I'm not doing too good.

[isaac_clarke22]

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Sometimes in investment or whether storage of value, it would help to just keep it in one coin and yeah I know and you know it is Bitcoin. Other shitcoins out there aren't worth "diversifying" for and might just yield you hundred percent losses in the end.

Optimism won't help if project devs would just run away with you money. I've been optimistic to some projects back in 2017 up to 2018 until I went all-in to Bitcoin. Sure there are still alternatives like ETH, but I prefer it to Bitcoin.

[bittraffic]

Being single is easy in times of financial difficulties but if you have a family with a kid, bills, and a mortgage to pay it's the lowest point where you are almost going to beg for a job with a higher rate. Family men are the most vulnerable, they might commit crimes so they could put food on thier table.

I was single at that time and I live in a city where no one else to rely on, I end up finding my old schoolmates and asking if I could hang around their shop. Sold my motorbike just so I'll have some funds for my meals.

[DaNNy001]

Being single is easy in times of financial difficulties but if you have a family with a kid, bills, and a mortgage to pay it's the lowest point where you are almost going to beg for a job with a higher rate. Family men are the most vulnerable, they might commit crimes so they could put food on thier table.

Menh i totally understand what you are saying, i can remember when I was living the single life when i had to think about only my stomach to feed. It was way more easier to cope with especially when you are in country like mine where the unemployment rate is really alarming and the cost of living really high. Feeding a family is like everyday war ground and if you are financially stable it becomes a major issue in your life.
  My lowest financially point i experienced was when my wife was pregnant for me and she was due for delivery(around 8months) but Just as faith programmed that period i was eventually sacked from work and it was like hell for me surviving through that period i had to work myself out everyday just to make sure i meet up with the needs of a pregnant woman and every husband will know how demanding they can get.
  I thought i have seen hell but not until the day of delivery and the doctor called me and told me that the baby had to come out through cs(operation) and that moment i felt like melting because the funds to carry out such process wasn't there and it was something of dier urgency. But luckily i was save by my aunty, she paid for the whole process and even funded me with enough money to care my wife and my new baby. I just pray that i won't experience such times again.

[348Judah]

One could have assumed the financial lowest circumstances in life as the moment whereby there's no means to earn a living when there's plenty of responsibilities around, this could be as a result of low income, joblessness, losses from business and other inevitable means to low financial records in life, when income cease from flowing as before, i count this as the lowest staye of financial situation in my life when am unable to pay my bills as the needs arises.

[Davidvictorson]

I have had many low points in my life but the most recent lowest point in my life, happened about some months ago. Honestly, I thought I wasn't going to make but I am glad I came out strong. The company I worked for became a target of oppressive government because they discovered and exposed huge corrupt practices between the board member and some government officials. First, I lost my job and wasn't paid. My accounts were frozen by the government and I had to live from hand to mouth and depended on the goodwill of friends. It was painful that someone who was a provider became a dependent. As luck would have it, I got a new job and things settled for me.