Really sorry to hear that. I didn&#x27;t wind up homeless (thankfully) when I did it, but I burned through a good portion of my life savings (20+ years worth.) I&#x27;m going to write about it at some point, but the short version is that if you don&#x27;t have any family or anything similar to fall back on other than your savings, you&#x27;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&#x27;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:<p><a href="http:&#x2F;&#x2F;fivethirtyeight.com&#x2F;features&#x2F;the-slow-death-of-american-entrepreneurship&#x2F;" rel="nofollow">http:&#x2F;&#x2F;fivethirtyeight.com&#x2F;features&#x2F;the-slow-death-of-americ...</a><p><a href="http:&#x2F;&#x2F;blogs.wsj.com&#x2F;moneybeat&#x2F;2014&#x2F;05&#x2F;29&#x2F;chart-of-the-day-millennials-are-really-risk-averse&#x2F;" rel="nofollow">http:&#x2F;&#x2F;blogs.wsj.com&#x2F;moneybeat&#x2F;2014&#x2F;05&#x2F;29&#x2F;chart-of-the-day-m...</a>