A first-person personal reflection from a speaker (economics student) who recounts being in college during the 2008 financial crisis while starting their first business. They describe being scared by media voices predicting prolonged collapse, which led them to freeze—avoiding investment of business profits and not scaling the business—and consequently missing many growth opportunities for years.
I was in College during the 2008 financial crisis, and I was an economics student during that time, and I was scared, and a lot of people around me were scared, and I was listening to a lot of voices out there who were warning about how bad the collapse was going to be and how long we would be in it. And I also happened to be starting my first business at the same time. So I was making money from my college dorm room and also really scared about the state of the world, and I didn't know what to do. And. And so I sort of froze. I didn't bet on my business getting bigger because I was afraid of what was gonna happen in the world. I didn't invest the profits that I was making in my business because I was afraid that the economy could melt at any time. And so as a result, I missed out on so many opportunities for years because I was afraid because of the voices that I was listening to in the media.
