He was a middle-level manager of a foreign company with a stable income. His wife worked in finance at a Fortune 500 company. His family was well-off and he bought two houses early on, leading a comfortable life.
However, his wife yearned for a higher standard of living and envied her classmates' husbands for making a lot of money, which made him feel more stressed. In order to prove himself, he impulsively resigned and started a business, and opened a restaurant with his uncle and brother. However, due to lack of experience, the restaurant was unable to make ends meet from the beginning. He borrowed a lot of debt to maintain the business, but he got deeper and deeper into trouble. When he proposed to close the store, his uncle and brother asked for repayment of the investment principal. Although this is a debatable issue, his strong character made him choose to sell a house to pay off the debt. At that time, the house price doubled, and he paid off the investment of his uncle and brother, the loans of some friends, and 100,000 yuan in usury.
The debt problem could have been solved, but his bad friend suggested that he invest the 100,000 yuan in the stock market to "make a fortune". In 2015, the stock market was hot, and he entered the market with a try-it mentality, and he did make some money at first. However, his bad friends persuaded him to leverage stocks, but he was hit by a stock market crash and his account was liquidated. Not only did he not make any money, but he also owed more debts. A year later, his total debt had reached more than 600,000 yuan.
At the end of last year, he told me that he could only sell the last house to pay off his debts and use the remaining 400,000 or 500,000 yuan to pay the down payment for a small house. However, he died of a heart attack on the second day of the Chinese New Year at the age of less than 40. His father was old and had dementia, his mother was in poor health, his wife had resigned for many years, and his daughter was only 3 years old.
If he had not impulsively resigned to start a business and continued to work steadily, even if his family was under great pressure, he would not have fallen into a debt quagmire and finally lost his life due to excessive pressure.
Be rational when starting a business. Don't easily enter unfamiliar industries, let alone projects with unknown risks. Especially those games that "can't afford to lose", it's best not to touch them forever. The essence of life lies in stability, not in all-out efforts.
