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"Bankruptcy," says Bob Marsh, CEO of LevelEleven, one of Detroit’s new startups, “gives me hope in what’s going to happen next. For decades, those of us living here have seen mismanagement and corruption and the same pattern: a new mayor comes in with plans on how to fix things and yet they keep getting worse. A lot of people here have wanted this to happen. It’s time to take drastic measures so the city can correct itself. Someone’s finally willing to take a pivot here.”
Here’s why filing for bankruptcy may actually signify a positive turning point for Detroit.
And here is more on Detroit:
How A Young Community Of Entrepreneurs Is Rebuilding Detroit
Detroiters On How To Make It In Detroit
Detroit Is Going Bankrupt—But Its Tech Community Is Going Strong
Remaking Detroit: Can Creative Companies Save An American City On The Brink?
A Haunting Look At Detroit, Its Inhabitants, And Its Attempts At Revival
Meet The Makers: Rebuilding Detroit By Hand
Beautifully Mashed-Up Photos Show The Glory And Wreckage Of Detroit

"Bankruptcy," says Bob Marsh, CEO of LevelEleven, one of Detroit’s new startups, “gives me hope in what’s going to happen next. For decades, those of us living here have seen mismanagement and corruption and the same pattern: a new mayor comes in with plans on how to fix things and yet they keep getting worse. A lot of people here have wanted this to happen. It’s time to take drastic measures so the city can correct itself. Someone’s finally willing to take a pivot here.”

Here’s why filing for bankruptcy may actually signify a positive turning point for Detroit.

And here is more on Detroit:

I think one of the things that most 21-year-old people should do is to recognize now that you can make life choices which control your expenses, and that controlling your expenses is one of the most crucial steps toward the kind of financial independence that you need in order to follow your dreams in the future. Whether it is a change of job, or an entrepreneurial dream, the less you NEED to spend each month, the easier it is to follow those dreams.

Jimmy Wales, the founder of Wikipedia, would have told his younger self to save up.