Cancer and Bankruptcy

Cancer and Bankruptcy

Cancer and Bankruptcy

I return there sometimes in my dreams.  Plodding down the streets of my childhood, I turn sharply to the right and push through the door as the bell clangs announcing my presence.  A middle-aged man is bent over rummaging, he peers past the display case and calls to me in acknowledgment.  The air is warm and humid inviting me to peel off my jacket, hat, and gloves.  I throw them on top of an antique credenza.  The price tag is the only spoiler that this aged piece of furniture is one of the shops offerings and not an overpriced coat hanger.  I pull up to the counter and stare down into the display case to see if the new Dwight Gooden rookie card has arrived.  The year is 1985.   My eyes feast on the delicious morsels laid out on the counter in front of me.  A twelve-year-old not able to read the tea leaves or grasp what the future will hold.  A few years later Dwight Gooden will become the victim of a vicious cocaine addiction.  My mom will remarry and we will leave my beloved childhood home.  And the man in front of me, the shop owner, will face his own battle with cancer and bankruptcy.

Baseball Cards

There was no greater love, in childhood, than baseball and baseball cards.  I spent countless afternoons glued to WGN watching my beloved Cubs blow it on a regular basis.  Ryne Sanberg, Leon Durham, Ron Cey, Rick Sutcliffe.  The names pop in and out of my mind like it was yesterday.

This worship took physical form in the collection and deification of those little square pieces of stock paper packaged in wax and cellophane, and besmirched by a rotten piece of chewing gum.  You could not take a single step into my room without your foot crumpling into a stack of cards strewn on the already busy floor.

The center of my worship was an antique store a mile down Central Street.  The proprietor stumbled into the card business when a former customer swindled him out of a Ricky Henderson rookie card for next to nothing.  That former customer, now employee, taught him the ins and outs of the business.  Before long, local kids swarmed into the store to buy and sell.

Antiques were now an afterthought.  Business was booming.

Booming, that is, till cancer and bankruptcy changed everything.

 

Cancer and Bankruptcy

Product vs Personality

It would be a mistake to say that the store’s success was solely do to selling the right product, to the right customer, at the right time.  The owner was smarter than that.  What really sold the store was neither the hobby nor the price, it was the owner.  The kindest of men, he created a place for the misfits, the friendless, the geeks and dorks.  And we came.  In droves.  To ooh and ah at each others clever trades.  To be a part of a community that we so longed for.

It was all so dreamy.  So perfect.  So calm.  Till cancer.

I remember the day he sat us all down and introduced his replacement that would fill in over the next few months as he underwent surgery and chemotherapy.  Self centered as kids are, we worried not only about his wellbeing but our own.  We feared that our gathering place, our place off safety, would wiggle out of our immature clumsy hands.

Sales Sputtered

His replacement neither had the personal flare nor the business savvy to create that community that once flourished.  Sales dropped every month as the proprietor recovered and became stronger, his financial status worsened.

Stretched between medical bills, a flagging business, and the fatigue of chemotherapy, he finally returned to a business on the brink of bankruptcy.

And then the baseball card market crashed.  My generation of customers was now in high school and was more concerned with girls than batting averages and RBI’s.

I remember seeing him one last time before the store closed.  I had long lost the joy of collecting and brought some of my best cards to sell.  The look in his eyes was carnivorous as he flipped through the pile of paper.  He separated out a few cards he knew that he could sell quickly for a bit of cash.

He survived his horrendous fight with cancer.

His business did not.

Lessons Learned

I learned a lot from that kind man who owned the baseball card shop.  He created a community for those of us lost and feeling left out.  He developed a sense of worthiness for every child who entered his shop. A  safe haven from the tumultuous winds of adolescence.

I also saw first hand the ravages of cancer and bankruptcy.

How, when you work for yourself, you become both your own greatest asset as well as liability.

When I began my own business, preparing for the worst case scenario was at the forefront of my planning process.

I’ll never forget.

Doc G

A doctor who discovered the FI community but still struggling with RE.

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6 Responses

  1. A poignant piece DocG. The financial life of our parents really shape our view of money. My parents hustled and that has rubbed off on me. One of their businesses was a nut and candy store which only lasted a few years. My fondest childhood memories came from that time period.

  2. Doc G says:

    Nut and candy store. I bet!

  3. So we were both collectors! I have that Dwight Gooden rookie in my basement as we speak, along with a bajillion other cards. I also had a great shop nearby that me and my brother rode our bikes to. A large portion of my childhood revolved around collecting cards, and I’m still considering selling them. But it would hurt from a nostalgic point of view. They never made me rich.

    Great story, glad the guy survived.

  4. That’s sad and nostalgic. I wonder if he has some great baseball cards to remember that time by. Those cards bring back those past days. I have a Carl Yastrzemski that my brother traded me. And a Rickey Henderson from 1989 when he returned to Oakland. And Ryne Sandberg, now that’s a name I picked nearly every week for my 2nd baseman in fantasy baseball. I’d like to think the man started another business after that. Hmm.

    • Doc G says:

      I loved those baseball cards. Sad, that I no longer follow baseball. I know that he survived his cancer. Never caught up with him after that.

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