Ever been dealt a big blow to your finances?

[Grant]

Have you ever been dealt a bit blow to your finances before? Like maybe something big came up, like a medical emergency and you had to take a bit of extra cash out to help you get through this event in your life. Has anything really done a number on your finances all at once? What did you do? How did you overcome it? Did you make your money back? How much did you end up losing from the emergency or whatever happened?

 

[Frank]

I had serious challenge with my finances last year May when my birds developed a serious coccidiosis that made me lose half of my investment on the farm. It was a pretty strange situation since I was trying to upscale then. I am happy that I didn't give up and kept on pushing to become a better person in the business.

 

[Kane]

Well, this has happened to me multiple times. Once, I started a business through a loan. My business did not perform well and I started defaulting on the loan, the bank even started threatening me to auction off my collateral. I had to sell my fixed assets to pay the loan. This came as a big blow.

 

[Good-Person]

I had serious challenge with my finances last year May when my birds developed a serious coccidiosis that made me lose half of my investment on the farm. It was a pretty strange situation since I was trying to upscale then. I am happy that I didn't give up and kept on pushing to become a better person in the business.

I am really sorry to hear about that. I really hope that your birds have recovered. It could be heartbreaking to experience this. In such kind of times, you must have a specific budget that could help you deal with such kind of conditions. No one wants to suffer like that.