What's new

How To Go Homeless and Bankrupt At 29 (After Going From Broke to 5 Figures a Month)

Share your FTE moment...

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

William Steele

New Contributor
Read Fastlane!
Read Unscripted!
Joined
Apr 21, 2020
Messages
8
Location
Charlotte, NC USA
Rep Bank
$225
User Power: 238%
A friend of mine recommended to me Rich Dad Poor Dad, I had never read books. I was like everyone else. Working paycheck to paycheck, inflating my ego on a daily basis, and drifting through life.

I managed to pick up a copy of Rich Dad Poor Dad and started reading, after just a few pages, I was hooked. After reading it, It was a big eye-opener to say the least. It was at the same time I also met a woman that was about 40. She had been an entrepreneur since she was 22 and was making money (big money) by 24. I got to spend time with her frequently, which changed my life. You only meet a few of those people in your life if you're a normal person working a 9-5. The person who makes you say to yourself, "this person is very different from everyone else... I need to watch this person very carefully".

I started studying business, marketing, advertising, and success in general. Then I came across The Millionaire Fastlane . It was the second book I read after Rich Dad. I've read hundreds of books since then, and it's still in my top 5 books I've ever read. #1 book for someone who knows nothing about life and business.

It's a powerful blow to your balls, ripping out your thoughts of what you thought about how life works. Everyone should read it, but they don't, because they can't focus on anything for more than 3 seconds... but that's a different post. I also started reading everything on The Fastlane Forum.

That was about 8 years ago when I was 21... what a ride it's been. A ride through hell.

It took me years to start thinking differently than the average broke people I've been around my whole life. Finally around 24, I started trying things instead of just learning. I got a job in advertising and started getting freelance clients. After gaining experience, I landed a client that started paying me 5 figures a month.

Now, I want to take a second and add some context here. When you go from being broke, living paycheck to paycheck... barely. From always having "money issues", from money ALWAYS being a massive strain on your daily life...

...to getting monthly checks for over $20,000.

It messes with your head... a lot. I said to myself, "I'm gonna be smart about this, not going to spend any money on stuff for a while". That lasted 2 months.

I started going out to eat. Once a week, became every day, every day became multiple times a day. I got a fancy apartment in the downtown area. I started spending over $100-200 every day.

Then one day, the big client fires me. I instantly started rationalizing to myself, "no problem, I'll just get another client... later". I kept spending money because I had built these spending habits over the past year. I kept spending and spending, digging myself a financial grave.

I'll spare the other details, use your imagination. In short, this led to massive credit card debt, depression, living in my car, and going back to minimum wage jobs. Ultimately leading to filing for bankruptcy in my 20's.

The question is, do I regret it?

Not a damn thing. The number of lessons I learned through all of that, I wouldn't trade them for anything.

Business is war. Bankruptcy is a battle wound. It hurts, but if you overcome it, that wound heals, leaving you with a badass scar with an unbelievable story. More importantly, you come out stronger and more intelligent by multiples and multiples.

The moral of the story is: don't go to strip clubs every day...

I'm kidding... but that's a good joke.

Conclusion

I've been working on a publishing business for a couple of years, it's gaining traction. Before long, I'll be right back where I was. Only with a real business, with real systems in place, and a Steele-like foundation that won't break just because a client fires you.

P.S. Not long ago, one of the smartest businessmen I know said:

"Money makes you stupid".

If only I heard that back then.

P.P.S. The Fastlane Forum... I missed you. It's good to be back.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today
Podi opvsu Xommoen! Epf podi vu niiv zua!

Muuloph gusxesf vu siefoph nusi ug zuas iyqisoipdit.
 
E gsoipf ug nopi sidunnipfif vu ni Sodj Fef Quus Fef, O jef piwis sief cuult. O xet moli iwiszupi imti. Xusloph qezdjidl vu qezdjidl, opgmevoph nz ihu up e feomz cetot, epf fsogvoph vjsuahj mogi.

O nepehif vu qodl aq e duqz ug Sodj Fef Quus Fef epf tvesvif siefoph, egvis katv e gix qehit, O xet juulif. Egvis siefoph ov, Ov xet e coh izi-uqipis vu tez vji mietv. Ov xet ev vji teni voni O emtu niv e xunep vjev xet ecuav 40. Tji jef ciip ep ipvsiqsipias topdi tji xet 22 epf xet neloph nupiz (coh nupiz) cz 24. O huv vu tqipf voni xovj jis gsiraipvmz, xjodj djephif nz mogi. Zua upmz niiv e gix ug vjuti qiuqmi op zuas mogi og zua'si e pusnem qistup xusloph e 9-5. Vji qistup xju nelit zua tez vu zuastimg, "vjot qistup ot wisz foggisipv gsun iwiszupi imti... O piif vu xevdj vjot qistup wisz desigammz".

O tvesvif tvafzoph catopitt, neslivoph, efwisvotoph, epf tadditt op hipisem. Vjip O deni edsutt Vji Nommoupeosi Getvmepi. Ov xet vji tidupf cuul O sief egvis Sodj Fef. O'wi sief japfsift ug cuult topdi vjip, epf ov't tvomm op nz vuq 5 cuult O'wi iwis sief. #1 cuul gus tuniupi xju lpuxt puvjoph ecuav mogi epf catopitt.

Ov't e quxisgam cmux vu zuas cemmt, soqqoph uav zuas vjuahjvt ug xjev zua vjuahjv ecuav jux mogi xuslt. Iwiszupi tjuamf sief ov, cav vjiz fup'v, cideati vjiz dep'v gudat up epzvjoph gus nusi vjep 3 tidupft... cav vjev't e foggisipv qutv. O emtu tvesvif siefoph iwiszvjoph up Vji Getvmepi Gusan.

Vjev xet ecuav 8 ziest ehu xjip O xet 21... xjev e sofi ov't ciip. E sofi vjsuahj jimm.

Ov vuul ni ziest vu tvesv vjoploph foggisipvmz vjep vji ewisehi csuli qiuqmi O'wi ciip esuapf nz xjumi mogi. Gopemmz esuapf 24, O tvesvif vszoph vjopht optvief ug katv miespoph. O huv e kuc op efwisvotoph epf tvesvif hivvoph gsiimepdi dmoipvt. Egvis heopoph iyqisoipdi, O mepfif e dmoipv vjev tvesvif qezoph ni 5 gohasit e nupvj.

Pux, O xepv vu veli e tidupf epf eff tuni dupviyv jisi. Xjip zua hu gsun cioph csuli, mowoph qezdjidl vu qezdjidl... cesimz. Gsun emxezt jewoph "nupiz ottait", gsun nupiz EMXEZT cioph e nettowi tvseop up zuas feomz mogi...

...vu hivvoph nupvjmz djidlt gus uwis $20,000.

Ov nittit xovj zuas jief... e muv. O teof vu nztimg, "O'n huppe ci tnesv ecuav vjot, puv huoph vu tqipf epz nupiz up tvagg gus e xjomi". Vjev metvif 2 nupvjt.

O tvesvif huoph uav vu iev. Updi e xiil, cideni iwisz fez, iwisz fez cideni namvoqmi vonit e fez. O huv e gepdz eqesvnipv op vji fuxpvuxp esie. O tvesvif tqipfoph uwis $100-200 iwisz fez.

Vjip upi fez, vji coh dmoipv gosit ni. O optvepvmz tvesvif sevoupemoboph vu nztimg, "pu qsucmin, O'mm katv hiv epuvjis dmoipv... mevis". O liqv tqipfoph nupiz cideati O jef caomv vjiti tqipfoph jecovt uwis vji qetv zies. O liqv tqipfoph epf tqipfoph, fohhoph nztimg e gopepdoem hsewi.

O'mm tqesi vji uvjis fiveomt, ati zuas onehopevoup. Op tjusv, vjot mif vu nettowi dsifov desf ficv, fiqsittoup, mowoph op nz des, epf huoph cedl vu noponan xehi kuct. Amvonevimz miefoph vu gomoph gus ceplsaqvdz op nz 20't.

Vji raitvoup ot, fu O sihsiv ov?

Puv e fenp vjoph. Vji pancis ug mittupt O miespif vjsuahj emm ug vjev, O xuamfp'v vsefi vjin gus epzvjoph.

Catopitt ot xes. Ceplsaqvdz ot e cevvmi xuapf. Ov jasvt, cav og zua uwisduni ov, vjev xuapf jiemt, miewoph zua xovj e cefett tdes xovj ep apcimoiwecmi tvusz. Nusi onqusvepvmz, zua duni uav tvsuphis epf nusi opvimmohipv cz namvoqmit epf namvoqmit.

Vji nusem ug vji tvusz ot: fup'v hu vu tvsoq dmact iwisz fez...

O'n loffoph... cav vjev't e huuf kuli.

Dupdmatoup

O'wi ciip xusloph up e qacmotjoph catopitt gus e duaqmi ug ziest, ov't heopoph vsedvoup. Cigusi muph, O'mm ci sohjv cedl xjisi O xet. Upmz xovj e siem catopitt, xovj siem tztvint op qmedi, epf e Tviimi-moli guapfevoup vjev xup'v csiel katv cideati e dmoipv gosit zua.

Q.T. Puv muph ehu, upi ug vji tnesvitv catopittnip O lpux teof:

"Nupiz nelit zua tvaqof".

Og upmz O jiesf vjev cedl vjip.

Q.Q.T. Vji Getvmepi Gusan... O nottif zua. Ov't huuf vu ci cedl.
Xux, wisz tonomes tvusz vu nopi.

Ximduni csuvjis.
 
Xux, wisz tonomes tvusz vu nopi.

Ximduni csuvjis.

Epf emtu ep TIU iyqisv, opvisitvif op xjev nifoe tovit zua'si xusloph up.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom