Sometimes I wonder – what if I lost everything? If all of my belongings were gone, with zero dollars in my bank account, and no place to live. What if all I had were the clothes on my back, could I make a comeback? I think that would be the ultimate challenge in life.
A man by the name of Chris Sacca, who’s somewhat of a legend in Silicon Valley, basically did just that. His lifestory is really one of a kind, and if you want to learn more about him, I highly encourage you to listen to this podcast with Jason Calacanis – https://www.youtube.com/watch?v=6VOQnK7O2To. There are links below the video that categorize each topic, but if you want to hear more about the story I’m referring to, fast-forward to the 21:10 mark.
To give you the cliffnotes, he worked at Google in the early 2000’s when the company was just a start-up, and he would later invest in “unicorn” companies like Twitter, Instagram, and Uber. But in the Spring of 2000, he was flat broke. Actually he wasn’t broke – he was $4 million in the hole. I imagine most people in this situation would declare bankruptcy, wipe out the debt, and really never recover. But he didn’t. Not only did he not declare bankrupcy, but based on his attitude during this interview, he really didn’t even seem worried about making the money back. As if his success was a foregone conclusion. Today, his net worth is estimated at $1.2 billion.
If you’re interested in Chris Sacca after listening to this podcast, then I encourage you to keep doing research and you’ll find even more interesting stories about him. One being that during his days at Georgetown Law School, he rarely attended class, threw parties and required people to bring their class notes to come into those parties.
I don’t have real aspirations of becoming a billionaire, and you probably don’t either. But what I envy more than the money is the self-belief to recover from a massive setback. Whenever I’m feeling a little down about my finances, or discouraged in life, I think about that story and it makes me feel little better. A billionaire who at 30 years old was negative $4 million bucks, and not only got back on his feet but amassed a billion dollar fortune. The explanation I can think of, is that he has a superior mind. I think it goes to show the power of your own initiative and intellect. That whatever circumstances you find yourself in, maybe you could figure a way out. So that’s my inspiration for today. And maybe, if you imagine yourself with no money, no possessions, and living in a cardboard box, you probably realize that your life isn’t so bad after all.