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The 100% loss of income

Discussion in 'BlackHat Lounge' started by mqsss, May 4, 2016.

  1. mqsss

    mqsss Regular Member

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    I've put all my money on a single horse metaphorically speaking and lost a main source of income a few days ago (about 95% of it). I took it quite well, but the whole situation will put me back for at least 6 months and this summer is going to be filled with 12-hour work days.

    As said, I took it quite well and I still got a chunk of money saved (a change for some people, but a chunk for me), so I can easily live a normal life for at least a year. That's the reason why I am taking it so well. I was told that a SEO company near me is looking to hire a new head of their SEO team. I am definitely qualified to get a job there, but that would mean my surrender and that's why I'm saying fuck that.

    I watched a movie some time ago. A war movie I think. When the bombs were exploding and the bullets were flying everywhere, the whole army was panicking. But there was an old man that never got nervous, even when the bomb exploded 10 meters away from him. The soldiers asked him a few times "Why are you not panicking mate?" and he asked them back "will it help?". That's the spirit of a warrior.

    The question is: Were you in a similar situation any time in your life? Have you succeeded in your way back? Although I took it very well, some nice words would still help a little bit. :D

    I have a day off today when I got the final word that my source of income is finished, but tomorrow I'll become a working machine again.
     
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  2. sashablack

    sashablack Elite Member

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    I had a similar situation last year with my software for Facebook. Not sure if you remember Social Lead Gold. So long story short after a successful 1 year run, Facebook decided to completely change their coding and algorithm and because of this I took a hit. After this update my software became useless and therefore lost my 80% income :(

    Unlike you I took it pretty hard, since at the time I was also out of country :( But as you stated " Spirit of warrior ". I bounced back and started venturing into other projects, which now cover that 80% :)

    good luck to you in all your venture buddy!

    -Sasha
     
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  3. Conor

    Conor Elite Member

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    So was it 95% or 100%?

    In any case, it always helps to have a backup plan. Or any sort of plan. You only truly fail if you give up.
     
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  4. mqsss

    mqsss Regular Member

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    Let's say 95%, but the gambling affiliate can get into the negative balance often. :)
     
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  5. ChanzGrande

    ChanzGrande Elite Member

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    Are you sure we are talking about income at all? It sounds like you are a gambler, day trader, forex investor, or otherwise engaged in an activity of speculation.

    When you WIN it would be unwise to consider this income, particularly if that little bug in you that makes you speculate is literally a part of who you are. If you are a gambler, then without help you will always be a gambler. I know, because I'm a gambler.

    I agree though that the way forward is to keep plugging away. It's a hard row to hoe if you know you are likely to later meltdown and put everything on the line again, so if it's speculation that lay at the heart of your problem I recommend seeking a solution to that before trying to build a real business. On the other hand, if you really just made the mistake of not opening enough revenue lines, then you can probably rise above this by just trudging forward.

    Stop speculating, or at least learn discipline and ensure you don't risk more capital than you can afford to lose, and NEVER bet everything no matter how much of a "sure thing" you're looking at.

    ** Yeah, I've been there more than once. Set goals. Do work. Achieve goals. It solves itself as long as you stay out of the way, i.e. think about your cashflow no matter what you do.
     
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  6. tziahs

    tziahs Jr. VIP Jr. VIP

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    Never put all your eggs in one basket - that's something you need to remember

    You'll need to bounce back together and give your best this time. Hard work, persistence and diversification. Try to diversify your income streams as much as possible.
    $100 from X, $150 from Y, and $220 from Z add up to a nice figure.

    And, a Churchill quote that always helps me when I'm down:
    If you're going through hell, keep going.
     
  7. mqsss

    mqsss Regular Member

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    Really mate? You are hunting me down for my misuse of words? I don't speculate, I don't invest into forex, never had a Bitcoin and never will.

    Gambling affiliate. Once the referral loses 1000$, you have +300$ in your balance. Once the referral wins 1000$, your balance is minus -300$. Of course you don't have to cover that negative balance with your money, but you don't get paid until the referral gets into the negative balance himself. Just trying to say that this 5% of my income is never guaranteed, that's all.
     
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  8. vitarank

    vitarank Jr. VIP Jr. VIP

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    That's the spirit! Keep on keeping on! :)

    On a side note, it would be worth a try to work with that SEO company and learn their secret. But if you feel you are going to make them all the monies, then yeah, fuck that!