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5 Things I learned from being rich and losing it all

johnreel.com

21–27 of 27 posts

Re: 5 Things I learned from being rich and losing it all

#21
> I think one of the biggest things holding people back from getting rich is the belief that it is possible.

I get the feeling he meant to put a "not" in there somewhere.

As others have pointed out, it would have been interesting to hear how he lost all his wealth, but maybe that story is too embarrassing to tell.

After all, it takes quite an accomplishment to waste all your money from a "set for life" -type of situation.

Re: 5 Things I learned from being rich and losing it all

#22

Next time I’m rich Now that shows some confidence. I read somewhere a while back that those who made it once are very likely to make it again even if you took away all their belongings and privileges.

I remember PG saying something similar, that if he had no money/ if he start over, he would start a startup.

Re: 5 Things I learned from being rich and losing it all

#23

> I think one of the biggest things holding people back from getting rich is the belief that it is possible. I get the feeling he meant to put a "not" in there somewhere. As others have pointed out, it would have been interesting to hear how he lost all his wealth, but maybe that story is too embarrassing to tell. After all, it takes quite an accomplishment to waste all your money from a "set for life" -type of situa…

maybe that story is too embarrassing to tell

Doesn't have to be one single thing. It's easy to fall into an expensive lifestyle without really even noticing how much you're spending. You start eating out more at nicer places, You start flying business or first class. You get cabs more. You buy tickets to events that you might want to go to but then don't (e.g. you are buying the option to go if you feel like it on the day). You upgrade/replace your phone, your computer, your TV more often. It all adds up then you look back and think wow. :-/

Re: 5 Things I learned from being rich and losing it all

#24
Hi.

Thanks for all the positive discussion. :-) Point 2 and other posts I've made talk about what happened. More importantly, I lost the momentum, which should have carried me to much greater wealth.

With the lessons learned, being poor is only a temporary state that will be in the past soon enough. This makes me feel just fine about writing all the details of what I did right and wrong for those who are interested. It will just take time.

Shafqat, I'm all over the web! I'm surprised you couldn't find me. Not to mention the links on my blog. :-)

Thanks again everyone, more to follow soon.

John.

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