Very Nice post. I like it.

Damn.  I don't feel so bad about my finances after reading that... we have the same amount of money but my bills are way lower..

> Then the steem value tanked and I found myself not earning nearly enough.

No offense, because you get and will always get my upvote, but *dude*, this is why everyone says that people investing their lives into cryptocurrencies are idiots. (by "their lives", I mean assets having a value of a lifetime, like your fucking house, or loans or something)

> neglecting my other income, going “all-in” on steem, but without any savings as a back-up

As an emergency tip, I'd start by saying **don't fucking ever do it again!** Never put all the eggs into one basket.

We've all been there at some point or another.  Good luck to you man.

usefull brother

I genuinely hope you pull through, but take this as a lesson. Steemit will never provide long lasting financial security for you that you can trust. There are so many variables; the price can tank, the whales supporting you may power down, a hardfork can change the algorithms.. There are so many thing that can change. Never put all of your eggs in one basket. And you should never take out a loan, in my opinion, but that's just me. Especially if you don't have money. Because a loan has to be paid back. And if you have low income, all of the money you make will go into paying the loans, and you'll starve, which then drives you into loaning more. It's a vicious cycle. Stop it. There are always ways to pull through, you just need to use your imagination. You'll make it, if you want to.

Hope it works out for you! I'm 100% savings with steem and all crypto. It's fun because my day job gets me to 0 each month. Now I can have a bit of extra! And all those fancy beer I previously craved!

Great story.... Good luck and hope you make a lot on this posts... It's always appreciated when someone talks wide openly about their life, problems or economic situation. 

You have my upvote, comment, follow and resteem

Please follow me @jlopezamor

Im so glad you are back on this.  You'll get through it I'm sure.  It takes a lot of guts to put your personal finances online (Trump couldn't do it), so I take my hat off to you.

Initial suggestions:

1.  I agree with other posters, don't put all your eggs in one basket.  Especially when that basket is crypto.  Btc could crash to 10% of its former value (its happened before) and that would wipe out most alts.  Steem would be worth pennies.  I believe in crypto but this is still early days, initial adoption and the volatility will wipe people out.

2.  Go back to your previous money earning gigs.  Work out what generated the most income and start it up again.  Once your earning again, diversify.  I cant say this enough.... DIVERSIFY.  Your income generation is high risk and you need more security.

3.  Once you are out of the woods (initial woods anyway- likely to be next few weeks (say till Jan)), start planning slightly longer term.  I know debt is bad but you need to build a cash buffer.  Work out income V expenses (be honest), open a savings account (a proper one- crypto is too volatile at present) and start saving a little.  Make sure your debts are serviced but you need to store up a couple of months rent/ food etc expenses so if your income tanks again you'll be fine for a while while you sort it out.

4.  Hammer those debts.  Its not going to be pretty (unless you hit it big very soon, or win the lottery), but you need to start getting the debts down.  If those are your only debts, I would prob look at getting rid of the Steem debt as its achievable.  Then hammer the paypal one (I assume it has interest).  Talk to your Dad and explain you are trying to get on your feet etc.  As long as you are making progress I'm sure he will be supportive (obviously this is based on the fact that he loves you enough to lend you that much money in the first place and nothing else).  

5.  Don't give up.  Seriously, never give up.  You can do this.  You are in this situation because you are following your dreams and doing what you love (unlike the rest of us idiots who have proper jobs).  So remember that.  But don't give up.  I (and may others on here) will support you.  Never give up and you'll do it!  I believe in you.

Despite not really being into music, you are my favorite poster on Steemit!!  Keep it up.

I'm totally giving you an upvote and having the balls to keep it real, and I agree with everyone here about never putting all of your eggs in one basket. And personally, I never take out loans unless I really need it. But anywho, I suggest you look up how to make passive income with Bitcoin. 

A lot of companies out there automate bitcoin for you so you can make a passive income with them online without doing any of the technical stuff. I'll continue to watch your progression and hope for the best man. Since you're into crypto you might as well continue to research daily.

You are brave to put this info out there for all to see. My hat is off to you sir! The key to keep you accountable is to set goals. Zig Ziglar and Jim Rohn have a bunch of good info and videos online about make the changes and how to set and keep goals.

Damn, man... Let's all up-vote our fellow steemian more))

Welcome! You talking about such large amounts, write in your blog. Really in the community steem to earn that kind of money?. Good Luck To You!

Sounds like my life a little lol. Good luck Matt. You'll make it out alive and thriving. You seem intelligent and talented. More than many others can say. I look forward to following your journey since I am new.

Good luck to you man

Wow - being a pro Steemit blogger isn't all it's cracked up to be - big ups for being brave enough to post that, and I hope things start working out better

![](https://steemitimages.com/DQmeRB9q9DNaMy5hDRiisf1hCyamAQzT19p2qUYsZDKUDEo/image.png)