I read about a rich and enthusiastic businesswoman. She was known for her high social life. She built self-esteem through the settlement she received after her divorce from her husband.
True-life story of the former wife of John W. Kluge, who was once ranked by Forbes as the richest man in the US and worth $5 billion.
In short, she got a huge amount of money and the Albemarle estate; she invested her money in wineries and poor investments. Donald Trump bought the property from Bank of America for just a fraction of its original worth after it was seized.
My point is that, in 2011, she went broke and lost all her money. She went broke. Just like many average people go broke, even influential people also go broke. Some can be redeemed, while others cannot.
A quote from an unknown source says, and I quote. "You will not heal by going back to what broke you."
I am not trying to justify anyone, but being broke is just like a level in life, a way that life teaches us about wealth and finance. It could happen to anyone. To some, they run into debt because of the expensive lifestyle and life of luxury that they chose in life; to some, it is about gambling; to some, it is due to poor budgeting; and to some, it is just like they were born to be broke because they have all the disadvantageous habits all to themselves.
To many people, it may seem easy to be able to flip the coin and turn things around for themselves, to change the course of being broke to wealth in just a few minutes.
I am not one of those, because I have been broke more than 15 times that I can remember, and all I could do was lament, and there were no solutions.
I was broke and yet addicted to what made me broke. I can't forget how It almost ended my life. To me, this proves that the quote is correct. It took me a lot of years before I met a friend who showed me a better way of living life.
I was a loser then; I gambled a lot of times, and each time I lost, I was broke. I used to believe that the best thing to do was to try again. Forget the hope; I always return with the same result.
How do you think life will be when you are broke and yet you are still doing the same thing that makes you broke? Will it be a wonderful experience? Will you ever admit that you need some help?
Well, at some point, I had to admit that I needed help. It is just like a man in a bondage realizing that he is in a bondage, as if a light came into the dark room where he was bound.
I had to be helped; I was so broke but not in debt. I met someone who ripped me off of my addiction to sports betting. I was addicted to it, though.
For the sake of time, this was my mistake, and it was because I was looking for a very simple way to make money easily. The choice was mine to keep trying, and I could win ten thousand folds. A big mistake!
Nowadays, I am addicted to the search for knowledge. The best place to get the latest information is on the internet. So, no matter the degree of brokenness, I will have to purchase a data bundle. This enables me to be informed and learn.
I also buy junk food, even when I am not hungry. Sometimes, I buy on credit and accumulate the debt. I have a few debt because of this but not too much than I can payback easily
Stay big and don't go broke.