How I am going bankrupt
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- Опубликовано: 17 окт 2024
- My income took a big hit in March. Unless I reverse the situation, I'll run out of money.
I decided to share the experience to decimate my anxiety.
Is this a good decision?
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I am Jim Makos, a professional gambler, web publisher, and work-from-home dad documenting a healthy family life.
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⚖️ DISCLAIMER
The above links may include affiliate links to marketplaces, such as Amazon or to product/services pages. By clicking on the affiliate links, you not only help me keep this channel going, but you also show your appreciation towards any helpful tip you find on my channel. Besides, you don’t have to use the links if you don’t like. The price is the same whether you use the link or not!
Nothing I say in the video is financial, legal, or business advice.
Thank you for watching!
Jim
© 2024 Jim Makos
#entrepreneur #broke #onlinebusiness
Hi Jim, very sorry to hear of your plight. I actually had an email conversation with you about 20 years ago when you were doing betfair. I had a similar experience - made it pay for 4 or 5 years then lost my edge. You have proven before you can make a comeback, so you can do it again. There is always a way. Sometimes when one door closes another door opens. I hadn't watched any of your videos for a while and I was surprised when youtube suggested this one. You have a diverse skill set and I believe you can make your next venture another success. Remember, we come into this world with nothing and we leave with nothing. All the best.
Thank you so much for writing this encouraging comment and for staying in touch all this time! This time feels different due to obligations and age, though. I'll do my best but I'm not as optimistic as before and I feel tired for yet another comeback. But I do think you are right; when one door closes, another opens. 👊
Best of luck Jim! I'm glad you shared your story with us.
Thank you! I'm doing everything I can for the story to have a happy end!
That´s life, up and down. Nothing lasts forever.
You was and you are inspiration for me as Greek investor and many online traders/sports bettors. For all sharp players there are difficult times- win and loose too but can rise again and again.' Eagles never hunt flys'.
Ha, didn't know that eagle quote! Very happy to hear people get inspired. I will do my best to continue on that path. Thank you for your kind words!
I don't know why I have been recommended this video, but I filed for bankruptcy in my mid-20s and have been trading on Betfair for the past two years. However, going bankrupt turned out to be a blessing in disguise. I speak from personal experience when I say that the weight of the world was lifted off my shoulders immediately. Time flies by and the most challenging times often lead to the best outcomes. I subscribed to your channel to follow your journey
Although I'm sorry to hear you filed for bankruptcy, I am happy to hear you overcame the hurdles and met success. Cheers to better outcomes, and welcome along!
Jim, you got this. Been a follower since the Betfair days. You've always been intellegent, humble and generous with your time. Those are the exact qualities which will see you build back better than ever. All the best from the UK!
It's always a blast from the past to connect with friends from the good old gambling days! Thanks for the kind words and the support! 👊
Like the other guys said, I also believe you will find a comeback soon. I remember your brightness since junior high, when you were in the freaking hospital for months and still made the highest grades in class.
Another story to be told, I guess! You brought back memories that I seem to have forgotten, like how tough that summer was for me, studying for three months while everyone was at the beach. Oh, the things we have all pushed through to accomplish our dreams. Thanks for the support!
Hello Jim, im following your journey since i was 30. Made all the same mistakes, didnt make all same successes. But still fighting, waking up everyday and working on dream for my children. Who but who, but you are a winner. People like you dont give up, just place another bet - and come on top again.
The family puts a lot more pressure on placing another bet. As I get older, I tend to play it much safer. I won't give up, but I am tired and stressed. Thank you for the encouragement and I wish the best for you and your family. 🥰
@@JimMakosCom i know, there is pressure and regrets about past years, and thats all mounting up. I hope it doesnt affect your family life too much. I wish you best in your endeavours! I know you will succeed again.
@@strzelba8254 Thank you for your support, means a lot!
Sorry to hear that. I started one website in September 2023 and second one in January 2024. Traffic is almost zero, even though both of them have in total about 120 published articles.
You have just started out essentially! Create great content, pick one social medium to promote them and be consistent. That's what I'd do if I started now. In fact, that's exactly what I'm doing right now! Good luck and play the long game.
I feel you brother..
You can absolutely do this my man!
Cheers for believing in me! Appreciate that. 👊
Hi Jim. I told you before that I follow your endeavours for more than 15y when I started my Betfair voyage. You not only inspire people when succeeding but also when struggling , that makes most of us relate. I understand how having someone's lives depending on you feels like, it is like playing with scared money, because we are always scared, goes with the territory. I am sure you will thrive and get over this bump on the road, just keep trusting on yourself, served you well before and will do again. Jim, breathe. Keep an open mind, sometimes struggles direct us in the direction we need to go instead of the one we think we want to go, time will make it clearer and surely you and your family will thrive. Stick together. In a couple years you will remember these times as just another building block of yourself. Kind regards, keep us posted, we will be here for you. All the best.
Thank you for your support, encouragement, and kind words! It means a lot. Also, I myself wanted to change direction but I was overthinking it too much. Maybe this is just a nudge to take action at last.
Hahaha hey man, not to laugh at you but same here, I'm bangkrupt at age 26 after running 15 people company. And yes that severed anxiety waking you up at night and and gave you chills right? Maybe I'm not as old as you, but from commerade to commerade who are stuck in the same situation, let it rip, eventually guys like us will get the upperhand. It maybe confusion at some point in our life why this happened to me? But maybe this is god path to tap in to our true potential! See you on top buddy! (P.s just dont gamble again it's not wise)
Oh yeah i forgot, if this is maybe could help, you don't need anxiety coaching you need to win and exercise. And you already did one of them, just half way through my friend
Thanks for the encouragement and support. I'm very pessimistic though, I wish I could share your high spirits and enthusiasm 🥺
@@JimMakosCom come on man you got this, i i know there's still spirit in you. Even tho the path is dark there will be light at the end of the tunnel. I know everything will work for you but rn accept the lost as it is. You got this my man! (Age is just number)
We fall, only to rise once more. As it seems, you know it better than us. Another cycle will begin again. Just don't let your motive slip away. 💪
The family is making sure I don't lose the motive.😏 Sure been there done that, but at 45 it feels harder. Thanks for the support! ✌️
So sorry to hear this i hope you will be successfull again just tr my to find a good business model
I’ve got some ideas going forward for not relying so much on Google traffic or display ads for monetization. I’ll keep you posted!
I have so many things to write, but I will probably keep some of them for a private conversation. I am sure you will get through it as you did it multiple times in the past. I am also 100% sure this will lead to a better future. Of course, now you are in the storm, so you can't see the bright side. I believe this is an opportunity for you to start using your skills again. You will be forced to leave your comfort zone, but as always, you will become better.
All I needed was a gentle push, but I guess I wouldn't budge with that. Everyone is betting on me as if I'm the favorite. If only I were that optimistic-and for once, I hope I am not right! You nailed it with the storm comment. That's EXACTLY how it feels.
By this time next year you will make a video on how you made your first million and how you will continue to save a make more🇿🇼🇿🇼🇿🇼🇿🇼🇿🇼🇿🇼
@@dumolwenkosimhlope1908 Haha, I appreciate the positivity and the encouragement! That would feel like winning the lottery, but even better when accomplished with hard work. ✌
I’m negative in my bank account! Is that why this video showed up?!
I did it, and you will too Jim.
Clear your head from all the distractions, and feed your focus.
Sound advice! How long did it take for you?
Seems you had some e-commerce websites, do they still operate?
They are content-based websites, still operating.
Don't know how I got this into my youtube suggestions, but I believe part of the problem is "working only 4 hours a week in pajamas" is not an actual work.
Same as betting. So, have you ever tried and actual work? A regular 9-5 job? That would probably work.
Turns out my wife had the same feeling. "This was pretty much expected. You can't make serious money with just 4 hours of weekly work."
Never had a regular 9-5 job in my life. That was the whole point of taking risks in life.
@@JimMakosCom Don't play the "should have's" it won't help anything and only feeds the anxiety. Anyone with steady income would have been in pj's and working 4hrs a week, too! Just focus on problem solving and moving forward. You have something many other people don't - the experience of starting over & succeeding. You got this.
Don’t give up!!!!!!!!!! It’s a sign to move to a cabin and grow your own food. The entire system is about to collapse. We will make it through if we can avoid the cities and grow our own food.
Well, I’ve been hearing of that collapse and the great reset for many years now. In the meantime, the world keeps spinning. I’m definitely not giving up and my endgame is certainly moving to our summerhouse and growing our vegetables and fruits. Just not yet! If you can make money online, moving away from cities makes total sense to me.
Hi dude, life is never easy, but as long as we got good health and time, we can achieve whatever we want. Trust me
Health is going to take a hit, as my mental state is the worst it's been. But for sure, anything is possible as long as we are physically healthy. It sounds like you've been through a few setbacks in your life. Glad to hear you are optimistic!
@@JimMakosCom Yeah, only when you are in one's shoe you will understand why, anyway cheers to life and positivity!
@@san45myinttun So true, a problem isn't a problem until it becomes our problem. Stay strong!
You'll get back up Jim, you're an ace. Keep the BTC though.
I'll try my best but food is more important that btc. 😔
@@JimMakosCom farm your BTC :) Seriously, I have had my own "return to the mean" and "return to zero" moments a couple of times, and finally decided it's better to live destitute for a period with a couple of assets earning yield, rather than liquidate the assets to keep the lower middle class dream alive. In crypto terms, that would mean getting and spending some yield on BTC and ETH. Especially on ETH there is degen yield to be had almost every day of the year. And yes, I did hear you have kid(s) to feed, but degen dads have degen kids, first cosmic law!
Let me make a suggestion: why don't you try to get involved with one over three previous "trains" again? You know the ropes, so you don't have to start over from zero. You just need to adopt some elements of your game.
Running a business >> gambling. Scalable, creative, sustainable. Still, not as fun as gambling!
This is not just your story; it is the story of hundreds of thousands. Best of Luck to all warriors against google update battle.
Indeed, I suppose many web publishers are facing similar struggles currently and it feels nice to know we're not alone out there.
@@JimMakosCom Yes, exactly
i see a lazy man, always looking for an easy way to make money, and doesnt want to work hard, that is the root of the problem, not the google update. you deserve it
Yep, let me work hard for a change, and see what happens 😏
I mean, you can't expect that working 4 hours a week and creating absolutely 0 productive value compared to any normal job, like a brick layer working 40+ hours, would hold up forever. If that were a permanent thing, everyone would be doing just that and nothing real would ever be produced. Create something real.
As long as you fulfill a demand, why do you have to create something real? This is the internet last time I checked.
@@JimMakosCom but you're not. The demand is not real. That might work for you, as information is also a commodity, but at the end of the day you can't expect it to be as profitable as a company actually producing the product.
People are wisening up about the internet and starting to recognise the affiliate sites that are just bs'ing to them to desperately make that sale from the sites that actually sell that product or service.
@@stephenwolberius it isn't an affiliate site. It makes money with display advertising.
Why not sports trade and make money that way again
First, it's been more than ten years since I last traded, so I've fallen behind. And second, betting exchanges are prohibited in my country.
@@JimMakosCom betfair left my country too, thats why I am using Asian brokers now
Γεια σου φίλε δημήτρη όλα καλά ανησυχήσαμε λίγο
Δεν φαίνονται καλά τα πράγματα Γιώργο. Θα το παλεψω όμως.
@@JimMakosCom ότι και να είναι περαστικά και να έχετε δύναμη να το παλέψετε
an articulate degen.
Can I steal this for my profile bio? 🤓
@@JimMakosCom
I guess you can get a job
You wouldn't be wrong, but the plan has always been to never need to get a job in the first place.