Listen to What Alex Mandossian Has To Say When He Answered the Heroes Question "When Was The Lowest Point In Your Life and How Did You Change Your Life Path To One Of Victory Over the Obstacles You Were Facing at That Time?"
Alex Mandossian: Well, I’m very lucky. I’ve only had one really low point and it happened early in my life. I was 25 and I had lost everything, which in this case was a little over a quarter million dollars. The way I overcame that was simple.
I read biographies of other self-made millionaires and billionaires and the one pattern that keeps reoccurring over and over again was, “They had it. They lost it. They got it back again.”
Usually, it happens two and three times. I have been very fortunate. It only has happened once. So, my low point, other than death in the family of people I absolutely loved, which is a natural thing to occur, I had one low point financially.
It happened in 1989 and I overcame it. It took about 3 years to overcome it emotionally and 6 years to overcome financially. I believe I’m a better business person as a result of it. If I see it happening to someone else, I’m usually one of the first to stick my hand out because I remember the pain and the humiliation of the whole process.