A Bankruptcy Expert Taught Me These 15 Things About What Keeps People Broke
“Your job will eventually make you rich some day”
Bankruptcy isn’t about a bank balance. It’s a mindset.
A friend I’ve written about many times lost his $100m empire more than 10 years ago. He’s still bankrupt today. He and his family live in a single motel room and rely on government assistance.
We regularly chat. His husky smoker’s voice is a clue to his future health. Surprisingly, he still has some of the best business ideas I’ve ever heard.
But he never executes.
Not because he’s lazy. But because he has no energy.
Years of smoking have stripped him of his youthful exterior and replaced his brain with one that can operate for two hours a day at best.
When I tell him to rebuild his empire the same way he did all those years ago, he gives me excuses. He made his fortune in real estate. Real estate hasn’t changed much and probably won’t.
Yet he doesn’t do it — and he loves real estate like Kim Kardashian loves telling us to work harder from the foyer of her mansion.
The reason is his mindset.
