If you lost it all, how would you get it back and more?

Question

If you reached a height of your career not necessarily making millions yet but six figures, and you happened to lose it all, how would you get it all back and more starting with $20?

Chris Seveney · Answer

i know many people who during 2008 lost it all. now they may not have started with $20 because technically they probably had w-2 income that was still good but whatever the scenario is, the biggest thing is to learn from your mistakes and don't dwell on the past. it can happen to anybody and you have to keep pushing forward and learn from it.

i know someone who lost their job and got divorced within a 3-month period during that time frame and basically had to start everything over including finding a job and taking on a significant amount of debt. within 5 years after that they got their net worth back to $1 million-plus because they worked hard and made some very wise investments in real estate that also involved a lot of sweat equity.

i think you also have to recognize and realize it's not like betting on red or black. it will take time to recoup and get back to where you were. do not try and swing for the fences but map out your plan and just follow it.

If you lost it all, how would you get it back and more?

1 Reply