1) Donald Trump’s companies have filed for bankruptcy 4 times.
While reading the highly trustworthy and classy Examiner, maybe for the first time, and without knowing how I ended up there, I saw a link for an article about people going from riches to rags. I hesitated to click on it because I didn’t want to give any energy to stories about people who finally made it somewhere and then lost it, thinking that I may read something that would make me anxious later. But I clicked it anyway and it wasn’t very scary or life-changing, just people’s natural ups and downs, some from being frivolous, some from injuries, some from negative life events who bounced back even higher… But Donald Trump’s story gave me new perspective. I was shocked to find out that four of his companies had filed for bankruptcy, because they were millions, sometimes billions of dollars short.
I’m short. By inches. And debt wise, I’m barely making it each month, but I am. I sometimes think about how filing for bankruptcy would be helpful, but then I think, “No, no, you can pay back that $15,000 and if you didn’t, the world would end.” Continue reading “3 Things I Learned on Tuesday: Part 1 Debt”