Reply #141: did. sold it. invested in a business (my own) and lost it. paying myself out of debt [View All]

[sojourner]

counting myself grateful for the chance to learn an expensive lesson and move on. have considered bankruptcy -- why not, corporations do it everyday (walk out on contracts) -- but decided it was MY gamble and MY lesson and I've been gulping it down for past 3.5 years. saving a downpayment for the home i'll build on property i bought a while back.

don't feel like a victim but i have a master's degree in psychology and consider myself smarter than the average bear - so it's ok for me to "take it in the shorts" for the mistakes i made. kids all on their own before i sold house, btw and they didn't bail me out. i didn't ask them too either. i believe in taking responsibility for me, but i also believe in caring about the plight of those less fortunate than me.

i don't feel the same way about people without a college degree and without family that could help them get a start in the "game" -- they are playing a game where the deck is stacked against them, and they think that if they try hard enough they can achieve the american dream. it's a hoax, and you can buy into it if you like. business and government alike walk on contracts every day, with no hazard whatever thanks to the laws that protect them. don't think so, check your insurance policy when you get an uninsurable "event" or try telling the company that's letting you go that they have to honor that contract that said you were hired for x number of years....do that without a phalanx of attorneys and let me know how it turns out.

edited to add clarifying remarks about nature of business and personal circumstances.