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Author Topic: What was your lowest point financially? How did you go through it ?  (Read 1913 times)
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January 11, 2023, 08:42:30 PM
 #101

My lowest point was for sure in 2015/16. I really thought this could be the end but managed to power through with a bit of depression. I had a good paying job in 2014 and most of 2015. I kept on investing half of what I was earning into bitcoin and that was a lot of money in my terms, usually more than 1.5k USD a month funneled into BTC for over 18 months and then I lost the job and started watching my investment and that was exactly when the bear market was bottoming, but I was a newbie back then, thought only about how much money I had in bitcoin and how little it had become.

I was in deep shit, had maybe 5k in savings, my bitcoin investment was worth less than half of what the money would be had I not bought crypto, I had no job, so I said fuck that I'm not giving up if that's lost I'm starting from 0. I didn't sell and instead focused on renewing my apartment, rented it out and went to live in a summer cabin that my parents had in the woods Cheesy A year later Bitcoin was worth more than when I started buying, I still had tenants in my apartment and made the cabin into a cozy place to live all year round. That's when the bull market of 2017 came and pulled me out of my financial problems. Never had any since that day.

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isaac_clarke22
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January 11, 2023, 10:15:16 PM
 #102

~
This is really the harsh reality that every people just can't admit. People think that they can be the next Elon Musk, Zuck, Gates, Bezos, etc just by following their footsteps and they did not realize on how fucked up the world really is. You could turn Twitter around more than what Musk can do, but you'll never be able to accomplish it if the luck is just against you. Sure, hardwork would pay off sometimes to open opportunities and somehow open luck, but if people would discriminate or hate, they will and there's nothing you can do about it.

Just don't get it why some people do not get it.
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January 12, 2023, 12:08:39 AM
 #103

well, in my case as I live in Africa where living conditions are not so good and it is normal to have some problems, I remember that at the beginning when I entered this cryptocurrency market I didn't have money in the bank to buy bitcoin so I had to sell my computer and bought bitcoin, but then I also spent years constantly asking my parents for money to buy bitcoin until a few years ago someone lied and stole from us and we had to sell a lot of things, it was a very bad phase of my life because I I saw that people already treated us badly because we were poor, it was shocking because when we had money they treated us very well

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January 12, 2023, 01:58:42 AM
 #104

My lowest point was probably during 2017, my family was battling against inflation to the point we were struggling to get money to buy food. I had no money.
I recall that there was a time specially traumatic for my mother when she did not have anything for us for dinner so she had to improvise.
Fortunately, things have improved a bit I would not like my mother or anyone in my family to go through any of that ever again.

One simply feel defenseless when the food and medical attention is gone.

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January 12, 2023, 12:36:54 PM
 #105

My lowest point was probably during 2017, my family was battling against inflation to the point we were struggling to get money to buy food. I had no money.
I recall that there was a time specially traumatic for my mother when she did not have anything for us for dinner so she had to improvise.
Fortunately, things have improved a bit I would not like my mother or anyone in my family to go through any of that ever again.

One simply feel defenseless when the food and medical attention is gone.
It becomes a bad situation, moreover, it concerns our family, it will definitely be hard to go through it all. Not everyone is strong enough to go through it, even my neighbor has experienced something similar and that made him lose his will and decide to end his life. The problem I see from this is, she doesn't want to tell anyone else and decides to keep it to herself so no one directs her on what to do to fix this. This makes me more sensitive, and tell anything to those closest to me about the problems I'm facing, whatever they are. Even though it's sometimes embarrassing, in that way there will be lots of input on what we should do.

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January 12, 2023, 02:03:06 PM
 #106

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.


Yes, it can be said that married people who have experienced unemployment can say that they can do anything including steal as long as there is enough food on the table for their children. I am a married person, it can be said that not having enough to feed my children is a thousand times worse than when I had nothing to eat when I was single. I never want to think about those scenes again, they really scare me every time I think about it.

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January 13, 2023, 12:59:34 AM
 #107

-snip-
Not everyone is strong enough to go through it, even my neighbor has experienced something similar and that made him lose his will and decide to end his life. The problem I see from this is, she doesn't want to tell anyone else and decides to keep it to herself so no one directs her on what to do to fix this.

It could be several things which do not let her to tell anyone or seek help.
She may feel embarrassed about it and does not want anyone to know the full extend of her crisis, the fact she has considered to end her life may be a clue on her physique. I am not a doctor, but sounds like she is mentally unwell.

I assume that even if she could benefit from some charity or social services, she would not apply to them?


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January 13, 2023, 01:38:11 AM
 #108

Yes, it can be said that married people who have experienced unemployment can say that they can do anything including steal as long as there is enough food on the table for their children. I am a married person, it can be said that not having enough to feed my children is a thousand times worse than when I had nothing to eat when I was single. I never want to think about those scenes again, they really scare me every time I think about it.
The position when you are single and the position when you are married is certainly different and even some people who are married and already have children are no longer a problem if they have to endure hunger for a while to feed their children first and that is actually very common for a father who responsible for raising children in the family.

Everyone doesn't want to go back to the bad past even though at that time they were still single, because everyone who is married will definitely open their mind to earn money and eat in order to build a harmonious family. That's how I see and feel here in my environment now, so don't be surprised if someone who has become a father is willing to work hard as long as he can earn money to feed his children at home.

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January 13, 2023, 05:12:44 AM
 #109

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.


Yes, it can be said that married people who have experienced unemployment can say that they can do anything including steal as long as there is enough food on the table for their children. I am a married person, it can be said that not having enough to feed my children is a thousand times worse than when I had nothing to eat when I was single. I never want to think about those scenes again, they really scare me every time I think about it.
we must be ready for everything to happen and we must always have extra funds for expenses and we must always have investments for future because like what you said? your family is your priority and it is fine that we cannot eat but not our children and wife.
stand with your two feet and provide for their future.

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January 13, 2023, 06:23:39 AM
 #110

Two years ago, I had over $100,000 in consumer debt, good credit, and a yearly income of $70,000, but I was also broke and had no one to teach me the value of money. I came across an article online one day that discussed the advantages and disadvantages of bankruptcy. I carefully examined it. Then I realize what I should have done differently. I was lucky to have only consumer debt. That happened two years ago. I used the strategies, paid off my debts, and am now able to save 70% of my income. I've seen what the depths of the financial pit look like, and I'll never return.

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January 13, 2023, 08:28:09 AM
 #111

well, in my case as I live in Africa where living conditions are not so good and it is normal to have some problems, I remember that at the beginning when I entered this cryptocurrency market I didn't have money in the bank to buy bitcoin so I had to sell my computer and bought bitcoin, but then I also spent years constantly asking my parents for money to buy bitcoin until a few years ago someone lied and stole from us and we had to sell a lot of things, it was a very bad phase of my life because I I saw that people already treated us badly because we were poor, it was shocking because when we had money they treated us very well

It should not be shocking nor surprisingly to you that you were now given preferential treatment when you now have money as to when you didn’t have funds in the bank. It’s just the way of the world we’re living in today. People most times, treat unfairly or look down on poor folks cause they’re poor.
It sucks that our society has been divided by class and treats and regards you on how deep your pockets are. Thankfully not everyone is a slave to money and treats everyone fairly regardless of how much you’ve got.

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monineklutak
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January 13, 2023, 10:12:38 AM
 #112

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.


Yes, it can be said that married people who have experienced unemployment can say that they can do anything including steal as long as there is enough food on the table for their children. I am a married person, it can be said that not having enough to feed my children is a thousand times worse than when I had nothing to eat when I was single. I never want to think about those scenes again, they really scare me every time I think about it.
we must be ready for everything to happen and we must always have extra funds for expenses and we must always have investments for future because like what you said? your family is your priority and it is fine that we cannot eat but not our children and wife.
stand with your two feet and provide for their future.
We cannot feel investment instantly, but when later in the future investment will really help,
anywhere I think family is a priority and that's a good thing,
Preparing for the future takes time and sometimes results are not immediately visible.

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AicecreaME
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January 13, 2023, 11:28:34 AM
 #113

Maybe when my father left us, my mom is the only one who raised us from the age of 10 until 20. We lived in a third world country so it is really hard for s single parent to raise two children with only a few bucks salary per day. But we went though, thanks to our mom who is a hardworking one. When I was 20 years old, I started earning Bitcoin and I return the favor to my mom. I started spoiling her, she likes money since we didn't have that much before and that makes her happy whenever I gave him money.

She didn't ask me for it, I just wholeheartedly wants to give her all the good things she deserves because all of what she's done just to raised us.
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January 13, 2023, 03:00:18 PM
 #114

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.


Yes, it can be said that married people who have experienced unemployment can say that they can do anything including steal as long as there is enough food on the table for their children. I am a married person, it can be said that not having enough to feed my children is a thousand times worse than when I had nothing to eat when I was single. I never want to think about those scenes again, they really scare me every time I think about it.
we must be ready for everything to happen and we must always have extra funds for expenses and we must always have investments for future because like what you said? your family is your priority and it is fine that we cannot eat but not our children and wife.
stand with your two feet and provide for their future.

I don't know if married people think like me. But honestly, for those who have a family, in addition to having a stable job and a good income, if there is no investment for the future, it will certainly be difficult in the future. Currently, my income is stable, it can be said that it is enough to take care of my 2 children but I still have to invest because like you said, have to be prepared for things to happen and as my kids get older, things will get more and more expensive. Our economy will be tough to stabilize without investment.

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Inspiron14
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January 13, 2023, 03:42:03 PM
 #115

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.


Yes, it can be said that married people who have experienced unemployment can say that they can do anything including steal as long as there is enough food on the table for their children. I am a married person, it can be said that not having enough to feed my children is a thousand times worse than when I had nothing to eat when I was single. I never want to think about those scenes again, they really scare me every time I think about it.
we must be ready for everything to happen and we must always have extra funds for expenses and we must always have investments for future because like what you said? your family is your priority and it is fine that we cannot eat but not our children and wife.
stand with your two feet and provide for their future.

I don't know if married people think like me. But honestly, for those who have a family, in addition to having a stable job and a good income, if there is no investment for the future, it will certainly be difficult in the future. Currently, my income is stable, it can be said that it is enough to take care of my 2 children but I still have to invest because like you said, have to be prepared for things to happen and as my kids get older, things will get more and more expensive. Our economy will be tough to stabilize without investment.
When you are already married, let alone having young children, I feel that having a stable income is not enough,
I agree with you that it is still important to invest for the future,
those who are married certainly want the best for their children.

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January 13, 2023, 03:52:19 PM
 #116

One time I lost my job and had to literally live on debt till I almost gave up. Then I was called back. It made everything better with much respect. Once I started earning on bit coin, I had more than what I needed to divert to pursue the dreams that has been on my mind for a long time.
It wasn't easy, but the support of loving friends and family made that lowest point of MY life a memory I won't forget soon.

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January 13, 2023, 04:57:31 PM
 #117

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.


Yes, it can be said that married people who have experienced unemployment can say that they can do anything including steal as long as there is enough food on the table for their children. I am a married person, it can be said that not having enough to feed my children is a thousand times worse than when I had nothing to eat when I was single. I never want to think about those scenes again, they really scare me every time I think about it.
we must be ready for everything to happen and we must always have extra funds for expenses and we must always have investments for future because like what you said? your family is your priority and it is fine that we cannot eat but not our children and wife.
stand with your two feet and provide for their future.

I don't know if married people think like me. But honestly, for those who have a family, in addition to having a stable job and a good income, if there is no investment for the future, it will certainly be difficult in the future. Currently, my income is stable, it can be said that it is enough to take care of my 2 children but I still have to invest because like you said, have to be prepared for things to happen and as my kids get older, things will get more and more expensive. Our economy will be tough to stabilize without investment.
When you are already married, let alone having young children, I feel that having a stable income is not enough,
I agree with you that it is still important to invest for the future,
those who are married certainly want the best for their children.

Investing is always necessary, if you have the conditions, don't wait until you have a family to invest, but invest right from the time you are single will help you a lot when you have a family. In addition to those who do not have the conditions to invest, I sincerely advise those who have not yet invested but have conditions to consider not to miss it. may not necessarily invest in bitcoin, we can invest in gold, real estate, or any other asset that can generate profit.
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January 13, 2023, 05:01:44 PM
 #118

-snip-
Not everyone is strong enough to go through it, even my neighbor has experienced something similar and that made him lose his will and decide to end his life. The problem I see from this is, she doesn't want to tell anyone else and decides to keep it to herself so no one directs her on what to do to fix this.

It could be several things which do not let her to tell anyone or seek help.
She may feel embarrassed about it and does not want anyone to know the full extend of her crisis, the fact she has considered to end her life may be a clue on her physique. I am not a doctor, but sounds like she is mentally unwell.

I assume that even if she could benefit from some charity or social services, she would not apply to them?


Even though there are indeed some things that might have to be private for myself, I actually make an exception rather than having to give up their life by committing suicide.
Suicide is not the right answer and when there are friends or anyone who can actually help, why not. Why should we be ashamed of the conditions in which we are under. I think put aside the embarrassment before you have to die because you don't want to tell other people about some problems.
We are beings who actually need each other. I think that as long as there is a problem, there will definitely be a way out and suicide is indeed a stupid thing to do.

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virasisog
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January 13, 2023, 05:51:35 PM
 #119

-snip-
Not everyone is strong enough to go through it, even my neighbor has experienced something similar and that made him lose his will and decide to end his life. The problem I see from this is, she doesn't want to tell anyone else and decides to keep it to herself so no one directs her on what to do to fix this.

It could be several things which do not let her to tell anyone or seek help.
She may feel embarrassed about it and does not want anyone to know the full extend of her crisis, the fact she has considered to end her life may be a clue on her physique. I am not a doctor, but sounds like she is mentally unwell.

I assume that even if she could benefit from some charity or social services, she would not apply to them?


Even though there are indeed some things that might have to be private for myself, I actually make an exception rather than having to give up their life by committing suicide.
Suicide is not the right answer and when there are friends or anyone who can actually help, why not. Why should we be ashamed of the conditions in which we are under. I think put aside the embarrassment before you have to die because you don't want to tell other people about some problems.
We are beings who actually need each other. I think that as long as there is a problem, there will definitely be a way out and suicide is indeed a stupid thing to do.

Suicide will never be a solution to any problem. It will only cause pain to the people who value us, especially our family. We are all facing our own battles every day and I could say that there will never be a problem without a solution. We have to go through difficulties to stand firm. All of us could experience financial problems but if we sre eager to grind and look for alternatives to earn, we will be able to apss through it. Giving up should never be an option especially if we have a family that relies on us and if we still have goals to reach. Everything happens for a reason and remember that good things will always come after the rain.
Kasabus
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January 13, 2023, 06:42:16 PM
 #120

well, in my case as I live in Africa where living conditions are not so good and it is normal to have some problems, I remember that at the beginning when I entered this cryptocurrency market I didn't have money in the bank to buy bitcoin so I had to sell my computer and bought bitcoin, but then I also spent years constantly asking my parents for money to buy bitcoin until a few years ago someone lied and stole from us and we had to sell a lot of things, it was a very bad phase of my life because I I saw that people already treated us badly because we were poor, it was shocking because when we had money they treated us very well
You know people changed especially if they think that they won’t benefit from you anymore. It’s like when you have money, they know you, but when you got no money at all, suddenly they will treat you as a stranger. I have also experienced that, even our closest relatives treat us badly because we have nothing to share, but when I started earning from crypto, suddenly my family is already music to their ears, and they started treating us just like their closest friends.

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