Really sorry to hear that. I didn't wind up homeless (thankfully) when I did it, but I burned through a good portion of my life savings (20+ years worth.) I'm g

Really sorry to hear that. I didn't wind up homeless (thankfully) when I did it, but I burned through a good portion of my life savings (20+ years worth.) I'm going to write about it at some point, but the short version is that if you don't have any family or anything similar to fall back on other than your savings, you'd better be very sure your idea is a winner in advance (not exactly trivial.) We all know about the magical exceptions, but most of us aren't in a position to take risks like that without losing most or all of what we have, and that fact sucks. People (especially younger ones) are more risk averse for good reason: http://fivethirtyeight.com/features/the-slow-death-of-american-entrepreneurship/ http://fivethirtyeight.com/features/the-slow-death-of-americ... http://blogs.wsj.com/moneybeat/2014/05/29/chart-of-the-day-millennials-are-really-risk-averse/ http://blogs.wsj.com/moneybeat/2014/05/29/chart-of-the-day-m...