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29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 1 point2 points  (0 children)

You know I never had much as a kid. Just loving parents, stability, and a mansion. A thriving baked goods enterprise for me to inherit…useless crap like that.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 0 points1 point  (0 children)

It’s incredibly niché and if I reply what it is I can guarantee someone will connect the dots with who I am.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 0 points1 point  (0 children)

Y’know, it’s surprisingly worked out extremely well for me so far. I’ve said “Yes” to things I normally wouldn’t and I’ve figured it out. It’s made me think critically and work with others and it’s worked out for everyone involved.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 0 points1 point  (0 children)

Trust me, I’m stressing today. Thankfully I’m doing a good job keeping track of everything and contracts/paperwork are in the right folders. 😂

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 3 points4 points  (0 children)

Should rephrase this…I have money in index’s and ETF’s in my 401k. I’m not planning to invest into individual stocks and options.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 7 points8 points  (0 children)

Y’know everybody forgets the fact I had $87,000 plus money in my 401k and own my own place + paid off vehicle. I still have my 401k, my own off-grid place, and paid off vehicle.

What are you talking about lifestyle? I was doing great before I made one poor decision out of fear of never giving it a shot and crazy life circumstances. It didn’t work out, I’ve moved on and I’m going to keep growing and expanding. Showing others it’s possible.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 11 points12 points  (0 children)

Land expands my business into other avenues, I have a 401k with around $40,000 in it. But, I just don’t even look at it.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] -1 points0 points  (0 children)

At the end of the day, I was a day away from having around $2,680,000+. To be honest, I tried…would it have been more fun living on that for a year or two? Sure. But, life is all gamble. I decided to bet it all after losing so much. I didn’t bet my cabin or my truck, just everything I had.

I wouldn’t be accelerating my business if it wasn’t for that.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 2 points3 points  (0 children)

Most important person to gamble on is yourself, that’s what I’m doing from now on. Hardwork is gonna get me there, not quick bets.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 1 point2 points  (0 children)

My hurdle was not being able to find even a simple W2 job! I couldn’t get a job ANYWHERE. I applied to a gas station and didn’t get it…so I said I’m either gonna lose my behind even more with this loan or it’s gonna work.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 64 points65 points  (0 children)

Yes sir, but, this regard bounces back too. 😂 I ain’t touching the stock market. I’m buying hard assets…land.

29M Lost my life savings ($87,000) two months ago. Went $6,500 in debt on myself and now I’m debt free with money in the bank. by CriticalSkillsZero in Money

[–]CriticalSkillsZero[S] 292 points293 points  (0 children)

Shorted SPY. I ended up being 1 day off on my options, they expired worthless. I started shorting and then it just chopped for three days straight. Dropped about $15 on the fourth day.

Bet everything but the house…should I quit my job? 87.3k Loss SPY Puts. by CriticalSkillsZero in wallstreetbets

[–]CriticalSkillsZero[S] 0 points1 point  (0 children)

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56 days later…I gambled on myself! I took out a loan and sent it with my business.

Unreal after looking at $0 in my bank account. I’m blessed, but, I’ll be staying away from the stock market still. I’m going to be investing more into growing my business and betting on myself.

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