Cathy Hughes On Losing Her Home As A Young Entrepreneur

Cathy Hughes

While building her empire early on, media mogul Cathy Hughes lost her house and her car after taking out a loan with a 28% interest rate to purchase a Washington D.C. radio station.

In an interview with The Root, Cathy Hughes said the following about losing her house and her car in the earlier 80s: “I was like Nikki Giovanni in her poem- she didn’t know she was poor until she got money. She was happy. Me too. I remember I was somewhere in Detroit and they introduced me and they talked about when I was homeless. I was offended. Afterwards I said, ‘Excuse me, I was never homeless.’ The lady was so apologetic, she was like, ‘I’m so sorry. I thought you had lost your house and your car and lived in the station.’ I said, ‘Yes.’ She said, ‘I think that qualifies you as being homeless.’

I have never dealt with the fact that I was homeless. I never called it that…I didn’t see it as me being homeless or impoverished because I was working on a goal, which was to build this media company, to build this radio station.”

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Formerly Homeless: Suze Orman

Suze Orman

Well-renowned financial guru, Suze Orman went through a period of homelessness during her young adulthood.

In her book, “The Money Book For The Young, Fabulous, and Broke,” she recounts: “As I write this section, I am sitting in my south Florida home, staring out at the Atlantic Ocean. yet what keeps popping into my mind is the Ford Ecoline van I lived in when I first arrived in Berkeley, California, in the mid-1970s. Yes, yours truly lived in a van because I couldn’t afford to rent an apartment, or even a room. I couldn’t even afford the van; my brother loaned me the money for it.”

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Steve Harvey On Being Homeless

steve-harvey

“I sat down and started crying, but a voice said, ‘If you keep going, I’m going to take you places you’ve never been. It was like God said, ‘Don’t quit, you’re almost there.’…I’m running from homelessness. I can’t ever be in that position again…In every single moment of adversity in your life, two things are going to happen: There’s going to be a lesson and there’s going to be a blessing. If you let the adversity crumble you, you will lay there and wallow in the failure, but life is 10 percent what happened and 90 percent what you’re going to do about it.” -Steve Harvey

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Halle Berry On Her Stint As A Homeless Shelter Resident

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“It taught me how to take care of myself and that I could live through any situation, even if it meant going to a shelter for a small stint, or living within my means, which were meager. I became a person who knows that I will always make my own way.” -Halle Berry

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