I usually don't post much here. I am lazy when it comes to typing. I don't type unless my post has any significant value. Anyways, lets come to the topic. In March 2011 I was making $2k/month, which eventually increased to $3-4k in next couple of months. I had just turned 17, 3-4k$ was a lot of money as I didn't have anyone to support. I got too comfortable. Started spending carelessly, didn't save much. By September all my websites fell down due to panda. I was sad, but not afraid. I was over-confident at that point and thought "I would setup bunch of new sites". I bought a car on loan [$3k downpayment and $8.5k finance] before I was hit by panda. My biggest mistake: I didn't change my lifestyle. Soon I was staring at a $3k credit card debt with only $5 in my bank account. I was back to zero. I continued going to clubs every week. Increasing the debt to $4k. At this point, I was really disgusted with myself. I borrowed little money from my friend [$200 to be exact]. Bought 3 domains, annual hosting. I had sold off my new computer so that I could party at night. I worked my ass off on my Pentium 4 desktop. The only way I could cut competition was through content. I wrote articles, wrote and wrote. I wrote till my fingers hurt. I began to rise in SERPs only to be thrown down to 500+ position because I made shitty direct links to my site using AMR. Stupid mistake, I know. I kept working my ass off for good two months... and finally... My site is making $50/day. Hopefully I would buy a better desktop soon . What you can learn from my mistakes: Destroy you credit card, thats not your money. In this business if you are not scared you cannot survive. By the time you realize you fucked up, it too late. You never really need to buy the next shiny thing you see. Our lives are very simple, we don't have to chase the next big car or the latest gadgets. We don't really need half the shit we buy.