#11 - Clawing Back From $250K Debt at 20

So you take 5,000 bucks from textbooks, you invest it, you get a run up to 60,000. What happens from there. August the 16th, 2007 happened there. The stock market is now down 21%. 43%. What in the world is happening on Wall Street? In the blink of an eye, I have never seen a 600-point loss. Who knows where this is going to end up completely wiped out. The down traders are standing there watching in amazement. I don't blame them. Here's Apple's under pressure, Yahoo down 8.5%, Cisco 6.5%. Every day they're pounding it! What started in America last year has now spread to every part of the world. Man, I woke up that morning and everything was in the red and my account was down about 70, 80%. Something ridiculous. It was the worst day on Wall Street since the crash of 1987. And that means life. as most Americans know it is about to change in some cases dramatically.

Within four or five months I was about a quarter of a million in the hole. I just sat down with Alex Svetsky, or Angry Alex, as he's known, in the uh Bitcoin world, and we talked about a whole bunch of things ranging from Bitcoin itself uh his story trading stocks and ending up quarter million dollars in debt as well as how he you know got out of the hole built himself back up made his first million and uh what he's doing in the crypto space today. It's a pretty fun conversation. I think you'll enjoy it. Thanks for coming, man. I appreciate you came a you came a long way. I like to think you just came for this podcast, but I know I know there was also that other little conference, the Bitcoin twenty nineteen conference going on. No no no no, I just came for this. I I swear. So uh this is gonna be an interesting one.

Because So far. the people I've talked to are people that I know super well. Like we hang out on the weekends, we blah blah blah. I met you five minutes ago and you came highly recommended. So I said, Okay, let's do it. Let's t chat. And the thing that I find interesting is I know that You're pretty heavy in the bitcoin space. And so we'll talk about that, but I just want to know a little bit about you first. What's the TLDR on on on your life story? So what's give me the give me the Give me the one minute version first and then w I know we'll go. Unless the one minute's good and then we'll just end the podcast. That can also work. Done. Shortest podcast in history. The TLDR. Went to uni, really academically strong, dropped out, thought I was a genius on the stock market. I got taught a few lessons in the GFC.

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