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How I Recovered from a Financial Setback

Reading Time: 4 minutes

Today is a gorgeous day and I feel so good.  I’m sitting on my patio watching my niece and her friends play in the pool as I reflect back over my life and the past 5 years. It wasn’t very long ago when I was very depressed, having thoughts of ending it all, and looking at my son thinking – I don’t deserve you; why did you choose me? As I thought about what his friends would think when they saw the foreclosure sign in the yard once we moved. Turns out the broker was nice enough to not do that, for me.

how-i-recovered-from-a-financial-setback

Imagine this, you’re 34 years old, you’ve been saving saving and investing your money and as of today you have +/- $227,000 in your savings account. Then 18 months from now it’s down to $11,000 because you’ve had no choice but to live off of it – and it’s slowly diminishing day by day.

How would that make you feel? Bad huh? I know… that was me in 2010. I had a thriving business for 13 years and all of a sudden out of nowhere, BOOM! The real estate market which held up the economy for so long just crashed seemingly overnight, and my empire crashed with it.

A setback is a set up for a comeback.

I lost my homes (investment properties and personal home), money, clients and to top it all off my marriage failed. I started praying for something different, something that would allow me to help people so that I could forget about all of my problems.  Something with a low investment because I didn’t have much to spare. More importantly, I needed to be around people that were committed to winning.

God is so good!

He sent me an angel in the form of a man who’s house I use to clean. He gave me 2 tickets to see Robert Kiyoski at a wealth building seminar and recommended a few books that I highly recommend you read. I’ll provide links to them at the bottom of this blog post, I added a couple in that list myself. After attending the seminar and connecting back with my client, I set a 3-year goal to be financially independent AND to have more time,  then went on my search.

HOW LOSING MY HOME MADE ME MORE APPRECIATIVE

One last picture of my personal home – a year after I lost it to foreclosure. It sold for less than 1/2 of what I was mortgaging it for.

After doing my research, looking at several franchises, independent contractor opportunities I realized that network marketing was the right vehicle for me to pursue.

If you look at whats out there in todays business world, you’ll see that network marketing has the lowest risk and it’s even one of the fastest ways for anyone to create financial independence – if they are committed to working it at least 8 – 10 hours a week. So I started looking for a company, it needed to be in health and wellness (learn why in the video below). 

I found it!

What I love most is that I get to help people improve their quality of life as well as help people build a successful business so that they can possibly avoid going through what I went through. I’m proud to say that I’ve recovered from all of my losses and created total financial independence in under seventeen months, and I’ve earned multiple six figures working part-time in the network marketing profession. What I love most is it helped me rebuild Elaine Thomas Interiors into a brand that I love more than ever.

I define financial independence as having recurring income that comes in and covers all of my liabilities with plenty left to save and or invest every month. That definitely takes time, just know that it’s possible, especially working with Well Paid Women.

Take a few minutes to watch this short video that explains why network marketing works:

If you lost your income, how many months would you survive off of your savings? I was able to live off mine for a little over 24 months when the economy crashed, but most people don’t have enough to carry them longer than 3 months.  Scary thought isn’t it? You know what’s even scarier? Knowing that you don’t have enough saved and doing noting about it.

If the economy crashed one time, it can crash again.  If someone lost a job once, they can lose another. So many things can happen to cause an income loss, but you can do something now to be prepared just in case.

Curious about what I’m doing? Click here to learn more about collaborating with me over at Well Paid Women and Partners for Prosperity (yes I work with men too 🙂 ). There’s no pressure, I only help people who want to help themselves. That means I will not try to convince you, I promise!

Below are the book recommendations a promised.

  1. Rich Dad’s CASHFLOW Quadrant: Rich Dad’s Guide to Financial Freedom
  2. Think and Grow Rich
  3. The Greatest Networker
  4. Your First Year in Network Marketing
  5. Get Over Your Damn Self: The No-BS Blueprint to Building a Life-Changing Business

Have you ever recovered from a bad financial setback? Let us know in the comments below. We’d love to learn from you!

More Resources for You: If you are building your network marketing or direct sales business using instagram, and want to attract people who you’d LOVE to be friends and work with, I can help!

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Click here to download your free 3 Step Attraction Marketing Guide. It’s what I do to attract some freaking awesome people into my life and business.

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Like my blog? Want to start your own?  You totally should.  Click here to learn how.

Thanks for reading; if you believe that someone else could benefit from my story, please share by clicking the social media buttons below.  It may give them hope too.

Live well,

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What I love about Mimi is she’s always committed to helping people succeed. Whenever a person can effortlessly without excuses match your efforts by 110%, that in itself speaks volume about one’s character.

Jermaine E.

Well Paid Women Academy
5
2016-05-03T18:24:44-04:00

Jermaine E.

What I love about Mimi is she’s always committed to helping people succeed. Whenever a person can effortlessly without excuses match your efforts by 110%, that in itself speaks volume about one’s character.
I have high respect and appreciation for Mimi Zackery. It has been a true blessing working with her. She has helped me build a strong business mindset and has the skills and knowledge to help anyone become a successful entrepreneur. I am confident if you partner with Mimi that you too will find great success!

Melissa K.

Well Paid Women Academy
5
2019-03-21T13:35:34-04:00

Melissa K.

I have high respect and appreciation for Mimi Zackery. It has been a true blessing working with her. She has helped me build a strong business mindset and has the skills and knowledge to help anyone become a successful entrepreneur. I am confident if you partner with Mimi that you too will find great success!
Mimi is someone who knows where she is going and has the skill set to get there. In partnering with Mimi, she has been able to mentor and help my husband and I go from near bankruptcy in just 14 months to a 6 figure income. If you have the opportunity to partner with Mimi, I recommend doing just that!

Delisa C.

Well Paid Women Academy
5
2018-08-22T21:06:36-04:00

Delisa C.

Mimi is someone who knows where she is going and has the skill set to get there. In partnering with Mimi, she has been able to mentor and help my husband and I go from near bankruptcy in just 14 months to a 6 figure income. If you have the opportunity to partner with Mimi, I recommend doing just that!
Mimi Zackery is one of the most positive influences in my life. She is intelligent and kind. I am stronger in my business as well as in my personal life because of her support and guidance. I am lucky to now call her my friend.

Karen K.

Well Paid Women Academy
5
2019-03-21T13:26:39-04:00

Karen K.

Mimi Zackery is one of the most positive influences in my life. She is intelligent and kind. I am stronger in my business as well as in my personal life because of her support and guidance. I am lucky to now call her my friend.
I refer to Mimi, who mentors me on marketing – Masterful Mimi. She is just that and so generous with her time and giving of her expertise and talents – all to help others. I am grateful for her!

Sara C.

Well Paid Women Academy
5
2019-03-21T13:23:32-04:00

Sara C.

I refer to Mimi, who mentors me on marketing – Masterful Mimi. She is just that and so generous with her time and giving of her expertise and talents – all to help others. I am grateful for her!
5
5
Well Paid Women Academy