The difference here Jose is that you TRIED to do the right thing... and I commend you for that. If a guy tries -- and it doesn't work out... then that's the way it goes sometimes - but you made an honest attempt to do your best.
People don't start businesses because they're afraid they might fail. If you're young and have time to recover from the failure -- I always say go for it... failing is not strike against a guy in my book -- it's a plus because it tells me he was willing to take the risk to raise himself up. That takes guts - and most come out of the failure a better businessman. Most of the guys I know that are successful have failed at least once.. and it's also why we have LLC's and Corporations - because people know things can and do go wrong - and they protect their personal assets thru these.
I will also tell you - the only money I've ever lost - was investments in sure fire 100% the coolest ideas in the Universe... If I didn't think that way - I wouldn't have invested in the first place.
The Investing 102 school says -- that's okay -- as long as you keep those investments to a very small percentage of your investable dollars.
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