In this episode, Matt tackles the tough topic of bankruptcy. People often assume bankruptcy is the worst thing that can happen, but Matt offers a different perspective. While acknowledging the challenges and impact on others, he explains why bankruptcy is not as bad as it seems and can even be a blessing. Matt shares his own experiences and analogies, comparing bankruptcy to the relief of ending a terminal illness. He encourages listeners to take risks, especially when young, and not to fear financial loss. If you’re struggling, bankruptcy might be the clean slate you need to start fresh. Tune in for Matt’s candid advice on overcoming financial failures and building a better future!
Timestamps:
0:00 – Intro
0:07 – I’m Not Glamorising Bankruptcy
0:23 – But You Shouldn’t Be Scared Of Bankruptcy
0:56 – Far Too Many People Fear Bankruptcy
1:16 – Comparison to Terminal Illness
2:06 – The Reality of Bankruptcy
2:40 – It’s Probably a Blessing For You
2:52 – WHY You Shouldn’t Be Afraid Of Bankruptcy!
3:13 – Credit Rating?
3:28 – You’re Not Doing Any Productive Work When You’re Worried
3:46 – Conclusion
Seeking further guidance on how you can bounce back from bankruptcy? Speak with me about private coaching where I can offer executive leadership, entrepreneurship, and strategic mentoring.
