Bankruptcy vs debt consolidation, which one is right for your current debt problems?

Here’s an inspirational true life account about a former bankrupt who achieved financial success by trading in the US stock markets. Mr. Conrad Lim made his fortune in the markets by using investing strategies to create a monthly income of $5,000-US$7,000 a month for himself. Not only did he build his entire fortune purely through investing, but he used it as a tool to recover from financial bankruptcy.

He was a struggling middle-aged nobody with a wife and two small children to feed. Like so many others, his was a tired and often heard story of the under-qualified, over-experienced and hard-up forty something’s that we read about ever so often. In 2001, he took the biggest hit of his life when he became a bankrupt. Looking in the mirror, he asked himself this question of, “Who really cared the most?” The answer was right in front of him. The only person, who could help, was the person staring back at him. That’s right. Himself.

After more than a year of extremely hard work, he began consistently earning between US$5,000- US$7,000 a month in trading profits. And his earnings kept increasing as time went by with his experience accumulating. In fact, he made US$7,000 within the first six trading days of the year (2007). By the end of the month (January), he took back a total of US$15,000 in profits. He has posted all his trades (both wins and losses) on his BLOG and website.

After being a bankrupt for more than five years (since 2001), he has finally made enough money to pay off his debts and he went to apply to his official assignee to be discharged from bankruptcy. That moment was one of his sweetest memories he has. As of 29th March 2007, he was officially discharged from bankruptcy.

When news of his investment skills spread within the investing circles, other traders (both amateurs and professionals alike) urged him to teach them everything he knew. They were willing to pay him money, similar to that of a tuition fee for his effort. So every Saturday, he would conduct what became known as “The Pattern Trader Tutorial” where seven students would be cramped in a small room in my three-room HDB flat.

Today he is proud to say that many of them have gone on to experience a lot of success Are you ready to learn these investing secrets that will allow you to achieve your financial dreams as well? Well, with all the experience and success that Conrad has achieved, learning all the strategies and techniques you need in order to conquer the markets is now readily available for the individual seeking to create an income through investing in the stock market.

About the Author:

Adam Khoo is an entrepreneur, best-selling author and a self-made millionaire by the age of 26. Discover his millionaire investing secrets and claim your FREE bonus chapter of his latest bestselling book ‘Secrets Of Millionaire Investors’ at Secrets Of Millionaire Investors.

Adam Khoo | After Bankruptcy |

Tags: After Bankruptcy

A Free Gift For You!

As a way of saying "Thank You" for visiting this site here's a free gift for you. This money saving eBook is worth $17.

About this eBook: Are you wasting money? Chances are there are ways that you can easily cut back on your unnecessary spending and you won't even notice a difference. Simply learning about these techniques is the first step to making changes to your finances. We asked money experts what their best tips are for trimming the fat from the average person's budget and here are their suggestions. Click here to download this free eBook. This is a time limited offer and the download link can be taken away without notice. No sign-up form to fill-up, no email address to give, just plain free download!

You might also like to read these recommended articles

• Repairing Credit After Bankruptcy
  There are few situations that will cause as much as much devastation to your credit as claiming bankruptcy. If you unfortunately have to do so at some point, you are going to want to be aware of the many bankruptcy credit repair tips you can use to work towards gaining back a positive credit rating.
  
  
• Reestablishing Your Credit After Bankruptcy
  When it comes to reestablishing your credit after a bankruptcy, the first thing that you must consider is how long you should wait. Not everyone's circumstances are the same; some will not have the extra income to take on debt, some will still be repaying old debt based on their Chapter 13 bankruptcy repayment schedule, and they will all have a different credit score.
  
  
• Financing After Bankruptcy
  Bankruptcy can be the worst item to have on your credit report. No matter what the circumstance that led you to file, it doesn't make a difference. It shows lenders that you were unable to pay off your debt. This will stay there for ten years and it will take some time for you to get back to having a good credit score. It will take some work, but it is possible.
  
  
• Bancruptcy Doesn’t Have to Be the End
  So you had to file for bankruptcy. Unforeseen circumstances can cause this to be the only option. However, just because you were once bankrupt does not mean that your future is grim. Bankruptcy is not the end of the story. People can recover from it and develop a healthy financial picture. However, it takes time and patience.
  
  

Today's HOT Debt Consolidation News!