Post
Topic
Board Economics
Re: How do feels losing money?
by
Kelward
on 14/05/2023, 11:25:50 UTC
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

I know the feeling, it's heart breaking, because money is not easy get. I lost a lot of money some years back. I wasn't scamed, it was just a wrong business decision. I was looking for a new shop to expand my business, and I saw one that has the kind of space that I needed and it was cheap. Without thinking I rushed and made payment, without considering the location, that it was not suitable for my kind of business. I spent money again putting the place in order, borrowed money from microfinance to stock the shop. After one year of very poor sales, I had to close down the business.

It affected my business capital negatively, because I wasted money on rent and decoration , was repaying bank loan, utility bills and staff. In the end I became worse off than when I started the business. So I personally knows how it feels to lose money, it's very painful.