From Bankruptcy to a Million-Dollar Exit with Entrepreneur Brecht Palombo

No one becomes successful overnight. People around us simply seem to work and work. Eventually, they succeed. Consider Brecht Palombo, the man behind the investing weekly #AltReports. In business, he has achieved great success. But his life wasn't a smooth ascent into a trajectory of achievement; rather, it was marked by many twists and turns. Brecht always worked three jobs but was never good with money. He got to the point where he got eviction notices for not paying rent and had a car repossessed when he was 21. He was good at making money but had no idea how to manage it. Brecht then decided to get into real estate. In 2008, his traditional real estate sales went down from $220,000 to $19,000, doing the same amount of work. He had all different kinds of expenses and had tons of debts with no revenue at all for a couple of years. After a year and a half, he had nothing.

Quotes:

“Instead of just getting up and grinding away the computer every day, I have to be much more deliberate in what I was doing. I would have to only do the things that mattered. That allowed other people to do what they could to run the business, which was a major letting go period for me.”

"I haven't been able to get over the feeling that now I have more money than I've ever had before, it could all disappear in a moment. It has never left me.”

Books and Resources

The 4-Hour Workweek by Timothy Ferriss

Turnaround Management Association: TMA

American Bankruptcy Institute

Connect with Brecht

LinkedIn: https://www.linkedin.com/in/brecht/

Twitter: