How To Come Back From Financial Losses
How do you come back after you’ve had major financial losses?
The reason I write this today is that I had a conversation with a client of mine who invested with a pretty large influencer and he lost over $200,000. Money he borrowed against his house and life insurance policies no less.
I have personal experience with this having lost a very large amount of my net worth a few years back due to investment fraud. I was almost at the bottom (except for my Sacred Accounts) and I’ve managed in the last 2 years to climb my way back and achieve Financial Independence.
In this article, I’ll share with you how I did it.
Firstly, I am not the only person who has lost money due to the lack of financial knowledge. Even in my cause, having been defrauded as an investor, that experience comes down to the fact that I was missing knowledge and that lack of knowledge is what led to me losing money. In 2023 alone, Americans lost $388 billion, directly linked to their lack of financial knowledge. Investment fraud was only about $10 billion of this total number (which is still a very large amount).
In my conversation with this particular client, I could relate and I shared with him some of the things I am going to share with you about how to bounce back.