If You Have No Financial Assets, Build Simple Digital Assets
There’s no shame in starting from nothing.
Twitter bros forget some people can’t afford to buy stocks or crypto.
They have zero savings and are behind on their bills. I rarely see this reality described in personal finance books and articles.
A friend of mine is a single mother in the US. Her husband cheated on her with a long list of mistresses, and then walked out the door. Even though he has to pay child support he chooses not to.
“Come get me!” he tells her.
The authorities are a slow-moving train that may take ages to hold him accountable to the law, if it all. I wish her husband lived in Australia. Then I’d get my family’s humble law firm to drown him in so much legal paperwork his eyes would bleed and he’d do his manly duty and pay up.
Still, she’s in a tough spot. She’s ten of thousands of dollars behind in her bills. Her only source of income is freelancing which can be up and down at the best of times.
What does someone innocently caught up in a bucketload of disasters do to get their financial life back on track?
