My house was taken over by people who thought their help came with a lifetime of repayment from me, and was being mortgaged to fund their lifestyle. They even managed to get their name added to the title (Yes, I was so naive and totally manipulated!). Their bills were also seriously delinquent…. tens of thousands of dollars delinquent.
Every time I dug them out, we went right back in and soon my stellar credit took a hit and this continued to happen through most of my adult life, despite never paying my bills late. I continued to push towards achieving my dream of real estate ownership, but finally gave up after an incident that could have been tragic.
That small business I was partner in was also sold at a profit, and I never saw a dollar of my investment back.
We had built up a nice portfolio in the investment club, however, when the great recession hit, a majority vote was cast to terminate the investment club partnership. That was a devastating blow. I had only recently bought out the shares of another partner. I lost about 70% of what I invested, because of some riskier investment strategies which we had introduced into the portfolio along with the massive losses in the stock market.
