I Lost $100,000 USD in a Week.

To begin with, I'm not a millionaire or a trust fund baby. $100k is a lot of money to me, and it's likely a lot of money to most people.

So what happened then? How did I lose $100k?

A little bit of Background..

I'm married, to my spouse of 6 years. We're turning 30 and have been fortunate enough to penny pinch our way to saving a $300k or so.

We sacrificed dining out, traveling abroad, and spending money on that nicer apartment or car.

We budgeted our way to a good amount of savings, and things were looking up.

The issue was that..

Literally every second was spent thinking about the future. Saving for a house, budgeting our lives, making sure every dollar had a purpose, and everything we spent money on was important.

It was too much pressure.

We wanted to get rich quick(funny how everyone does), and we wanted our lives to be successful faster than the money was coming in.

So what did we do?

We gambled it all away. We put our entire net worth into technology stocks and other risky investments and lost over $100k in one week.

We wanted our money to grow so fast that we didn't even wait to think about how to grow our lives responsibly.

Now, I know what some of you might be thinking? This is pretty normal, most people lose money in the stock market. And I agree, this isn't very uncommon and our story isn't too unique.

But what I want to say might be what some people want to, and need to hear.

Life isn't meant to be lived in the future.

Life is now. Life happens everyday. In fact, the best parts of your life are now. Focus 90% a month enjoying the week, and 10% of the month planning for the future.

Don't put so much pressure on yourself that you end up putting all you hard earned money into a "get rich quick" strategy. Invest responsibility and try your best not to focus on it everyday.

You'll find that the journey is much more enjoyable, and that you're more mentally healthy to tackle challenges when they actually occur.

People of all ages actually feel this pressure they give themselves.

But I wish each of you reading this a positive mental attitude, and the strength to pursure happy, healthy life.

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Posted Nov 1, 2023, 4:03 PM UTC

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