Meaning: to lose everything, especially financially. Use examples.
Rewrite 1: have a financial enema
Rewrite 2: fed my cash to the trash
Rewrite 3: my wallet’s been turned inside out
Rewrite 4: lost everything but my mind

Comment: As pedestrian as this cliché is, almost anything else will seem creative, which is where you want to go with this rewrite.

More reading about clichés
What I found when I googled “clichés”:
• Blogging with Bryan C. Hanks: “Sports clichés. Best prep softball facilities.”