Bouncing Back From Financial Failure….Poverty Is No One’s Destiny

Bouncing Back From Financial Failure….Poverty Is No One’s Destiny

Posted on 11. Aug, 2013 by in About Big Dave, Archived Post

  • If you have lost your job and bills are beginning to back up on you
  • If you and your family have watched your car being repossessed (happened to me just days before Christmas)
  • If you have suffered weeks without a real meal, but ensured your child (or children) had food to eat
  • If you have made a series of terrible, costly financial decisions…one after another, time and time again
  • If you and your family have lived out of hotels for an extended period of time
  • If you have taken a major credit score hit
  • If you have watched your wife or husband or child or parents and believe they deserve “better than this” (you know what I mean – for some reason, you just find yourself staring at them from a distance and your heart wants so much more for them)

If you have experienced or are experiencing any of the above, don’t feel like you are the only one as I have recently been through ALL of them.

I will never, ever, ever forget the evening my wife and I were on the way home and we had to get some food for our little girl to eat, but thought we had absolutely no funds. Lo and behold, we did have enough change in the coin holder of our car to buy a meal for her. When we made it to our apartment, someone left an envelope with money under our door that we used to buy enough food for the remainder of the week. That’s commitment. Someone knew what we were going through at that time and was committed to our survival. They could have ignored what they heard or saw, but their commitment to us was too strong to let us suffer another day. That’s real commitment.

I have to continuously remind myself of what it was like for us not too long ago. And that’s why I want you to take advantage of this blog and other similar blogs, glean what you can, and put what you learn into action. Don’t wait until you hit a “financial bump in the road” to do something. Get these income streams going now, so when you hit a “financial pothole”, you’ll have a little cushion to make the experience a bit easier and expedite your financial recovery. At least try to implement some of the techniques taught…..

Now, I’m not saying I’m financially “in the clear” (still paying off debts, paying school expenses for my daughters, investing, and trying to get in a position to buy a house), but I’m certainly not where I once was. It’s still amazing to know that I have some streams of income that are actually paying some of my bills on a monthly basis. It’s actually happening…..to me. And if it can happen to me, it can certainly happen to you. What continues to push me is my commitment to the dreams of my family and to myself….I’m committed to seeing five things happen:

  • Buying a house for my family
  • Paying for both of my girl’s college tuition
  • Taking my wife on an extended trip to the Caribbeans
  • Buy my mom and mother-in-law a new home
  • Buying my wife the wedding ring she has always wanted – nineteen (19) years of marriage and counting – well, it’s not the years that really matter, it’s the experiences that makes a marriage memorable. You could be married for one (1) year and have created uplifting, memorable experiences that could surpass a couple that’s been married for thirty (30) years and all they did was “fuss and cuss” the whole time.
  • Starting a project to make the dream of home ownership possible for low income families – we will build and provide mortgage free homes or pay down mortgages on existing homes

For all that my family has gone through because of the my poor financial decisions and lack of preparation, the list above is only the beginning as they truly deserve so much more. Every time I look at them (whether in person or just the pictures on my phone), I’m moved to get the job done and start “checking off” the  bullet-list above and look forward to documenting the fulfillment of each dream. I “see” it happening….I “see” that time drawing near. Keep staying on track, achieving goal after goal, and the moment will finally arrive for each one of them.

I also want you to understand that “Poverty Is No One’s Destiny”. Not yours, not mines, no one’s. I remember going through those financial struggles thinking “maybe this was the way my life was supposed to be for me”…..just that…..a struggle. “Maybe I was meant to live on the borderline of poverty”…..happy and smiling (for the sake of my wife and child), but just a paycheck away from being homeless. Then I looked at nearly every financial decision that I made and BOOM!!! It hit me….life is made of a series of decisions that can tilt you towards or away from financial success. So cliche, but so true. So, I got off the mat, dusted myself off and started fighting again with a renewed focus. I slowed down my pace to financial freedom and started listening closely to others that have succeeded over time. Laid out my financial road map littered with a mixture of large and small goals. Began reviewing that map and visualizing my dreams as often as I could and started the journey again….with a clear understanding that this journey won’t contain any shortcuts at all. It will require vision, patience, persistence, passion, and integrity. I understand my road to financial success may be longer than others, but I know it will be worth the wait. We’ll get there…..

Make the decision today to start building income streams that can give you a “financial breather” or, better yet, lead you to “financial freedom”. It can be done….by you.

10 Responses to “Bouncing Back From Financial Failure….Poverty Is No One’s Destiny”

  1. Sky

    13. Aug, 2013

    Sometimes, the best path is not the shortest. I would rather build my business slowly to have more money later than make a ton of money right away in a way that’s not sustainable.

    And you are completely right – poverty is no one’s destiny.

    Reply to this comment
  2. John

    14. Aug, 2013

    The only way to stay in poverty is to lose hope, to lose that drive to lift yourself (and family) out of it. Sometimes you may need a hand to get by, but never lose that fire.

    Reply to this comment
    • Zuri

      20. Aug, 2013

      Very true John! If we keep hold of whatever gives us hope we will always be moving forward. Progress may be slow, but staying encouraged always yields positive results.

      Reply to this comment
  3. Charlotte

    16. Aug, 2013

    This is very inspiring. There are times when I beat myself up because I have made several bad decisions. I even get to thinking, “Everyone can’t be rich. Maybe this is just my life.” Deep down I have been in complete conflict with this thought. This just proves my gut is right!

    Reply to this comment
  4. Mia

    08. Feb, 2014

    It uplifts me to read stories like this because it makes me realize that there’s always a way to turn your life around. I think the first step to get out of a situation like this is to decide that you want to get out. Determination is the key to make things happen for you. You can’t just sit around and wait for things to come. You gotta make it happen.

    Reply to this comment
    • ArtsyCarly

      09. Feb, 2014

      Mia, I agree with you. This post is very uplifting and inspiring. Nothing is impossible!

      Reply to this comment
  5. Beatrice

    08. Feb, 2014

    I am so moved with your story about people leaving money under your roof. Goes to show that there are kind-hearted people out there who may not be your first choice to ask help from but still find a way to reach out. I wish there are more people like that from where I’m from. Remember these important points in your life John. The whole thing is a very humbling experience.

    Reply to this comment
  6. Gale

    08. Feb, 2014

    John, your story is something that more people should hear and know of. I personally think that it’s a story of success, although you mentioned that you’re still not yet in the clear. But the way you got up, decided that you want to change your life, I think that in its own, is a story of success. Not everyone has the will to do that. And if you can do it, I don’t see why others can’t. There are times that I’m being financially challenged. What do I do? I tell myself that I will fight it, and I do. It’s hard and takes a lot more than that, but it’s rewarding and satisfying to know you were able to beat your financial problems.

    Reply to this comment
  7. Alissa

    25. Feb, 2014

    What I took out of this article was to always have your goals in mind. My goal is to be able to make enough income online to be able to quit my day job and stay home with my kids. I need to keep focused on that. Especially at 5am when I don’t want to get up to work on my online income…. Maybe I should post an inspirational picture next to my bed….

    Reply to this comment

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