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Have you ever had to recover from a financial setback?
Posted on 1/4/16 at 2:30 pm
Posted on 1/4/16 at 2:30 pm
My uncle has gotten rich, three times and is now middle class. My moms bestie was poor until her she inherited wealth. Her husband comes from a megarich family that didn't help out. He had a high roller job but lost it and they were poor for a long period. Right around the time he inherited, he also hit another high roller gig.
18
Posted on 1/4/16 at 2:31 pm to rebeloke
my entire life has felt like a financial setback so far
Posted on 1/4/16 at 2:32 pm to rebeloke
yes. went completely broke in 87. Not rich now but not poor.
ok maybe OT poor but not really poor.
ok maybe OT poor but not really poor.
This post was edited on 1/4/16 at 2:34 pm
Posted on 1/4/16 at 2:34 pm to rebeloke
Yes one thieving ex-wife. $90k in 2 months. Should have checked the savings more often.
This post was edited on 1/4/16 at 2:36 pm
Posted on 1/4/16 at 2:35 pm to rebeloke
quote:Yeah, it's called marriage
Have you ever had to recover from a financial setback?
Posted on 1/4/16 at 2:38 pm to rebeloke
my parents started a business that failed in about 87, a marina. Filed bankruptcy, dad went crawling back to his prior company and luckily got re-hired.
They are doing extremely well now, so yes, it can be done, my dad was about 32 at that time.
They are doing extremely well now, so yes, it can be done, my dad was about 32 at that time.
Posted on 1/4/16 at 2:40 pm to rebeloke
Seems like every single time I get on my feet I get setback financially. I'm doing ok now, but waiting on the next body blow life throws at me.
Posted on 1/4/16 at 2:41 pm to rebeloke
sold some large cap holdings and transferred them into my savings account when i was buying a new vehicle. had to transfer that to my checking account, but apparently that transfer didn't go through, so i got hit with some insufficient fund fees after the check cleared. called the bank to complain, and they dropped the fees and were really good about it. one of the most embarrassing days of my life.
Posted on 1/4/16 at 2:41 pm to ForeverLSU02
Got laid off twice in three yrs back in the Financial crisis. Altogether was off work for nearly 12 mths, went from good money to $1600 a month unemployment.
My Mortgage is $1,360 so it killed me financially.
Just now recovering somewhat
My Mortgage is $1,360 so it killed me financially.
Just now recovering somewhat
This post was edited on 1/4/16 at 2:44 pm
Posted on 1/4/16 at 2:42 pm to 7thWardTiger
quote:fify
Seems like every single time I get on my feet I try to buy a car I can't afford
Posted on 1/4/16 at 2:43 pm to rebeloke
quote:
Have you ever had to recover from a financial setback?
No, I haven't. I am not sure if its skill or luck or just not taking chances, but I have never been broke. Even in college, I never got below $50 in checking.
Posted on 1/4/16 at 2:47 pm to rebeloke
Whore of an ex-girlfriend took off with a group of her addict friends with my debit card and paid all of their bills and overdrew my account by about $700. This was when I was young and not rich. I was really fricked and didn't have a penny to my name, rent and all other bills due, etc. I gave up my lease and lived out of my car for a month to save enough cash to catch up on bills and get a footing.
That was eight years ago. I'm making about twice what I made then and have about twice my annual income in savings, in addition to a healthy 401k. I'd say I've recovered.
She, unfortunately, has not.
That was eight years ago. I'm making about twice what I made then and have about twice my annual income in savings, in addition to a healthy 401k. I'd say I've recovered.
She, unfortunately, has not.
Posted on 1/4/16 at 2:52 pm to rebeloke
quote:
He had a high roller job but lost it and they were poor for a long period
Then he was never rich. He just had a large salary. There's a difference between the two.
Posted on 1/4/16 at 2:59 pm to rebeloke
quote:
Have you ever had to recover from a financial setback?
Yes her name was Sallie Mae.
Posted on 1/4/16 at 3:24 pm to NewIberiaHaircut
Poor is in the eyes of the bolder.
Posted on 1/4/16 at 3:25 pm to rebeloke
I won a 40 million dollar powerball...and lost it all
Posted on 1/4/16 at 3:26 pm to rebeloke
Lost around $40,000 during the recession. 
Posted on 1/4/16 at 3:27 pm to rebeloke
I once bought a boat....
And then another.
And then another.
Posted on 1/4/16 at 3:29 pm to DarthRebel
Yes. When I was born.
Posted on 1/4/16 at 3:30 pm to 7thWardTiger
quote:
Seems like every single time I get on my feet I get setback financially.
Likely buying sports cars and dumping money into them?
Big body blow from life
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