Presidents’ Day – Lincoln’s Failures

Posted on February 20, 2012 at 10:48am by

George Washington’s birthday, also known as Presidents’ Day is a federal holiday held on the third Monday of February. Of course we honor George Washington as our nation’s first president, but we also honor past presidents as well. Some states choose to focus on Abraham Lincoln, a great American president as his birthday was also in mid-February.

You may or may not be aware of the fact that Lincoln filed for bankruptcy, along with may other great historical figures. So today, as a bit of encouragement, we wanted to provide you with some additional detail on Lincoln’s life and outline many of the hurdles he had to overcome before becoming President of the United States.

If you’ve tried and tried and you’re facing financial difficulties, considering Chapter 7 or Chapter 13 bankruptcy as a failure, take solace in the fact that anything worthwhile takes time. Bankruptcy can provide you a fresh start and can help you achieve your dream of financial freedom. We’re amazed at all the failure (personal, financial, political) Lincoln went through before being elected as President.

So without further ado, here was Lincoln’s long journey to the White House:

Event Year
He had to work to support his family after they were forced out of their home. 1816
His mother died. 1818
Failed in business. 1831
Was defeated for legislature. 1832
Lost his job and couldn’t get into law school. 1832
Declared bankruptcy, and spent the next 17 years of his life paying off the money
he borrowed from friends to start his business.
Was defeated for legislature again. 1834
Was engaged to be married, but his sweetheart died and his heart was broken. 1835
Had a nervous breakdown and spent the next six months in bed. 1836
Was defeated in becoming the speaker of the state legislature. 1838
Was defeated in becoming elector. 1840
Was defeated for Congress 1843
Was defeated for Congress. 1846
Was defeated for Congress again. 1848
Was rejected for the job of Land Officer in his home state. 1849
Was defeated for Senate. 1854
Was defeated for Vice-President — got less than 100 votes. 1856
Was defeated for Senate for the third time. 1858
Was elected President of the United States. 1860


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