Quote:
Originally Posted by pocketkangaroo
I don't get how a measly night club would send you to a big bankruptcy. I mean you were pulling over 1.2 million a year at your peak. You've been online for a long time. You should have a huge cushion to fall back on. Unless you were spending on things with no value, you should have massive assets piled up.
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I can't speak for sleazy but I was pulling in numbers like that for a couple years in a row. But when people through out numbers like that it is usually gross, so subtract your expenses, and then take out a huge chunk for taxes and I even more if you have partners to split it up with... etc... it's amazing how 1.2 can but chopped down so much by the time the money hits your wallet.
Personally I never blew money on bullshit, I invested a lot of mine into failed offline deals, online mainstream projects that never took off, and a good bit into realestate. Which made me paper rich until the realestate market crashed and all of the equity disapeared. I'm not bankrupt, but not worth nearly as much as I was just 3 years ago. On top of all of that if you have someone who buys expensive cars, lots of expensive toys, and does a lot of traveling, I can easily see how that much money vanishes.