MILLIONAIRE Goes BROKE Overnight, What Happens Next Is Shocking | Dhar Mann

will that be all for you um you know what maybe I'll take another lap around the store [Music] your wife sure loves to shop huh um would you mind turning that up a little bit sure thank you Lehman Brothers is going bankrupt the financial markets from Asia to Europe are doing their utmost to prevent Monday from turning from dark to Black employees of America's fourth largest Investment Bank saw the writing on the wall late Sunday after talks to pull them back from the abyss collapse you really need to get all of them well I thought you just closed a big deal I mean yeah I don't get paid for like another week maybe we should just like it'll be fine you know what maybe you could just use your credit card okay all right okay gotta do it now [Music] so so what do you think it's perfect I know I love this house I've had my eye on this for a while it's it's a dream home hey don't try to outbid us now all right hey I couldn't even if I wanted to this is way out of my income bracket so Can I submit an offer for you let's offer them 3.2 3.2 million but the asking is four yeah but you've seen the news the economy is the honest way down so might as well low ball see what they say right oh by the way have you heard from the bank yet about our loan not yet um but with your 800 credit and your 20 down should be a slam dunk I wouldn't have to worry about well looks like the bank's ears must be ringing let me take this okay Cal give me the good news what do you mean not approved what's what's going on [Music] got 1.7 percent here loss of 37 points or so Apple shares are just getting hammered this morning we're down by between three and four and a half percent generally across these markets let's talk about the speed with which we are watching this Market deteriorate we read everywhere essentially down by four five percent we're down over 16 percent down at the same time oh keep looking to me look I'm sure you're gonna find the right piece this one won't fit either I'm never gonna finish this puzzle hey you're gonna figure it out hey bud what do I always tell you if you stick with something long enough then it will eventually work out yeah that's right so [Music] yes I did it [Music] Stephanie is parking so we should go right now I want to get there early before the reservation so we can take some pictures out front I want to show off my new bag yeah I was thinking maybe we should just cancel the babysitter you know I mean we could stay in today I'll make it something Giovanni's is just so expensive I mean with this economy thing going on right now you just closed that big deal I did it just hasn't hit yet I talked to Escrow and they're saying at any minute now so so we'll be fine then [Music] dad we'll go I know I'm sorry bud look uh I'll play with you when I get back okay okay wow you guys look great thank you not bad for five months pregnant huh we're going on a lunch date oh I like get you go thank you Mr Reynolds aren't you gonna tip her yeah of course foreign [Music] do you my lady um delish I told you it'd be worth it we should stop by Masters on the way home for their butter cake I'll see if Stephanie can stay an extra hour no I think we should get going I promised him that I'd hang out with him so sir but your debit card didn't go through it's weird deposit was supposed to hit by now you take my credit card hi uh Kathy it's Alex yeah um any update on the wire it seems like it's still not in my account what do you mean the banks never funded everyone just signed the docs oh wow no I didn't I didn't know that I did not know okay all right thank you [Music] Washington Mutual the bank that was going to do the loan just shut down the deal's dead what I know I know I needed that to go through I I have no idea what we're gonna do now I have no idea well worst case scenario just a lot of equity in our house okay and is there any additional income such as your wife uh no she's stay-home mom with a another one on the way great okay uh let me talk to my manager and see what we can do thank you look I know um this is an ideal but When Corey arrives maybe we can have your mom move in with us so you can work and they've been talking about this Great Recession for years now I'm worried I have to live with us you've seen how I could barely handle her for a weekend you know once his second loan goes through in the house that should hold us over till everything goes back to normal I just spoke to my manager and unfortunately Mr Reynolds you were not approved but I've been with you for 15 years do you know how many clients I brought here for loans I mean there has to be something that you can do something if it's my income that's the no no it's not just that it's your home value [Music] you're underwater you see your current mortgage balance is higher than your home's worth that's not possible I just got out of Praise six months ago I have at least 200k in equity maybe six months ago not today [Music] everything's changing hello hi this is Brian from BMW financial your last payment of 568 dollars didn't go through and your account is now considered past due Alex is stressed but what he doesn't know is things are about to get a whole lot worse for him more banks close as the real estate industry tanks before long Alex starts falling behind on bills eventually he can't keep up and ends up losing his home [Music] he moves into a small apartment for his family of three soon to before [Music] his baby boy Corey arrives even though it's supposed to be one of the happiest days of his life Alex feels something he's never felt before a panic attack it's so bad that he has to rush out of the room his heart races he finds himself having a hard time breathing he can't believe his financial problems are now turning into health problems pressure mounts Alex now has to rely on prescription medication to help him with his anxiety just to make it through the day a few years go by and Alex is to come next hey Dad since you close a new deal do you think we can go to Universal Studio sometime oh yeah please please please please well guys you know it was a small deal so it's just enough to hold us over so I think we should Alex hey uh Timmy can you watch your little brother for me hi hey um you know how I've been feeling really nauseous lately I finally figured out what it was we're pregnant did you believe it I was like totally shocked I'm like this can't be right this has got to be a false positive I always can't make sure maybe I need to go to the drugstore and get a couple more years Alex are you okay ah I mean we we talked about trying for a girl right now I am I'm happy just don't know how I'm Gonna Keep Up like a horrible a father and a husband oh no don't ever say that I know you've been so stressed out lately in the past few years but you know what I'm going to be by your side no matter what and I know I said no to this before but my friend Maggie works at a marketing company and she told me they're hiring so I'm thinking about applying thank you yeah I really appreciate that but even if you worked you know the cost of the nanny would be your salary alone so I mean what what's the point I need to go through this I need to get through this by myself okay I need my meds [Music] okay [Music] are you okay everything's all right bud it's fine Tad I'm old enough to know that something's wrong can you just please tell me it's just that these past few years has been really really ever since the real estate industry crashed with my friends and my co-workers even told me just move on another field a long time ago give up dad you can't give up that goes against everything that you stand for the things you always told me when I was young or hit a ball or ride a bike if you stick to something long enough then it will eventually work out and alas if you were just saying that and you didn't mean it no I meant it really did then you can't give up I believe in you you're the smartest and hardest working person I know you figure this out I promise I love you bud friends love you too Dad look now what why don't we go over there right [Music] with the little boost from his son Alex decides to keep on fighting and never give up on his career even though he continues to struggle with self-doubt and anxiety he pushes himself through it and keeps on working [Music] several months later he welcomes his first baby girl Bridget he's excited but more kids means more expenses the pressure keeps building up for Alex even though his family does everything they can to support him several years passed and Alex continues to struggle but little did he know things were about to change hey I'm sorry I'm late the lines were insane like everybody's fighting over toilet paper and cleaning products like people are preparing for the Apocalypse oh kids could you go in the other room you want to talk to your dad about something you saw the notice on the door yeah I did okay I'm closing in on a deal and that should hold us off for a while I just can't help but thinking that it's only going to get worse I mean everything is closing down restaurants are completely shut down I mean I don't see a future in real estate I don't way we're going to figure it out have you guys seen the news dozens of Industries but when it comes to real estate Southern California houses are moving like never before in December the Statewide median home prize was more than 717 thousand dollars up nearly 17 percent from December of 2019. but the high sale prices aren't dry pandemic is actually helping real estate reality I I would have never imagined that this would happen well it makes sense because everybody's being forced to work from home now and interest rates are low so yeah hi this is Alex yeah you want to list your house in Bakersfield [Music] oh yeah absolutely oh oh hold on for a second hey Chris yeah it's been a while like on Sunset of course after over 10 years of barely scraping by Alex's real estate business is about to turn around over the next couple years he closes more deals than ever he makes more in a month than he used to in an entire year but out of all the deals he closes he could have never imagined this next one would be his own so what do you think it's incredible new listing Dad no it's not my new listing well it's our new home [Applause] this is the best I know Alex long time huh I heard this house was on the market hey if you have any qualified buyers I'd love to help you with the loan he doesn't need a qualified buyer he is the buyer oh well if you're looking to get in I can Finance you the banks are really eager to loan right now so I just uh closed on escrow yesterday it's all cash but thanks Nate I appreciate it all cash wow hey congratulations if you ever need to pull any cash out or you know anyone looking for a loan don't hesitate to reach out okay well it was good seeing you yeah yeah I'm sorry I can't help but wonder I mean how'd you do it last time I saw you you were in a pretty bad spot honestly I thought you'd give up on this real estate stuff just like so many other people have yeah I was then my son he reminded me that if you stick with something long enough then eventually work out I still can't believe I mean after all those years of struggling now we're here right now it's crazy it's God's blessing well again congrats Alex I'm happy for you guys [Music] so guys I have one more surprise for you all right tickets to Universal Studios [Applause] so we're gonna go and do a little tour of the house and then uh we'll head out all right I am so proud of you since we're going to Universal I know there's not going to be a lot of crowds there do you need your I don't need them I don't I've been working out I've been meditating I feel better now than I ever have I feel so good that I think that we should talk maybe about having baby number four well that my dear might require a different kind of pill honestly three is more than I can handle [Music]

Channel: Dhar Mann Studios

Views: 5,489,538

Keywords: Dhar Mann, motivation, motivational video, inspirational video, self improvement, self help, self development, personal development, short film, inspirational, life lessons

Id: UxWJzV6G6Q0

Length: 21min 4sec (1264 seconds)

Published: Tue Aug 22 2023