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Financial Calamities: Blessing or Curse for Domainers?

Posted on 11 April 2019 by Andrei

I don’t particularly enjoy sharing personal experiences… but I’ll do it in this case. The Great Recession was a life-altering phenomenon in my case, first in a traumatically awful way but ultimately in a game-changing good one.

I was (very) young and sitting on a decent pile of profits that I earned online through various small businesses. Nothing Earth-shattering but decent profits that added up and since I was a cheap bastard who almost never spent anything, it was a pretty impressive nest egg, especially for someone my age.

Unfortunately… life happened and the proverbial you-know-what hit the fan in two ways:

  1. My mom got sick and since the medical system was anything but stellar in my country, I took her to get very good treatment abroad… on the one hand, it was awesome that I could afford it but on the other hand, this made my entire net worth evaporate
  2. To make matters worse, the Great Recession was unfolding as all of this was happening… which took its toll on my client/service-oriented businesses (development-related services)

As you’ve probably realized, this was the “curse” part.

Many excruciatingly painful months later, I got back on my feet and noticed the silver lining in all of this: everything was on sale. EVERYTHING.

Including… yes, domains.

From the ashes of the Great Recession, I built a pretty darn impressive portfolio. A combination between living like a hermit, working like a maniac and investing *everything* in domains enabled me to not only re-build my nest egg but take things to the next level.

While I currently don’t own ten mansions and a dozen luxury cars, I’m financially secure enough to live the proverbial dream by working on stuff I love… from running One Minute Economics to writing books, I had the luxury of doing all this without caring whether or not the projects would turn into something insanely profitable.

I really don’t want this post to turn into a novel.

The only thing I want to do is make it clear just how life and career-defining financial calamities may be.

Can fortunes be lost? Yes.

Can fortunes be made? Yes.

In my case, both things happened… fortunately, in the right order 🙂

Even a random dude from Eastern Europe like myself who lost everything was able to turn things around thanks to the abundance of opportunities that comes with the territory after a financial calamity. Of course, there’s no way to make that happen without hustling, without putting in the work and making tons of sacrifices.

You might end up working and living like a hermit.

You won’t be able to brag to your friends on Instagram about your kick-ass lifestyle, because… remember, you live like a hermit.

But if you do things right, the sacrifices you make when things get tough can enable you to exit the proverbial rat race. To realize that this Internet thing truly can make dreams come true.

From taking a break from college because I was too broke to going after my PhD.

From accepting the most excruciatingly frustrating low-paying client work to organizing my time as I see fit and finding more and more of it to work on stuff that gives my (professional) life meaning.

I kind of hate motivational stuff and this post is beginning to sound like just that, so I’ll put an end to it here by trying to make it clear there’s absolutely nothing glamorous about the entire experience. The smell of success is the smell of sweat and the journey can be lonely as fuck, depressingly hard and with zero guarantees that your work will ultimately pay off. Which is why most people don’t try and I don’t judge them for that.

I’m just grateful that with the right combination between hustle and luck, what started out as a nightmare I wouldn’t wish on my worst enemy ultimately had a happy ending… and with that awkward, sexually-charged as well as anticlimactic reference, I’m hitting the “Publish” button and wishing you the best of luck!

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