I played Texas Hold'em with my friends last night. I lost almost 20,000 yuan, but I won back 5,000 yuan. I was quite happy. I had nothing to do in the morning, so I told my brothers about my life experience! 😀 As usual, brothers who like it please follow me first, thank you!
I graduated from university in 2009. The thing that impressed me most was that there was a gambling arcade in front of the school. In the last month after graduation, I won about 15,000 yuan there. I bought a Shenzhou laptop and left more than 6,000 yuan when I left school. Now I often imagine how great it would be if I had bought all the 6,000 yuan in BTC. I guess I would have won by now...
After graduation, I didn’t even go home. My parents asked me to go to Beihai. I only found out when I got there that they were doing a 69,800 capital operation there. They took me to attend classes for half a month and met a lot of people. I also believed that this was really a secret project of the country, a project to build the middle class and drive employment. . I worked there for about a year. The longer I worked there, the more I felt that this was a pyramid scheme. In the end, my family lost more than 200,000 there and left that place in a daze. When I left, I was still skeptical and didn’t completely think it was a pyramid scheme. It wasn’t until a few years later that I was sure that it was a pyramid scheme. . .
Forget about keyboard warriors. Only when you are in the situation do you know what is going on. When I went there, I also went with the mentality of saving my parents. I listened for half a month and met many people, bosses and officials from all over the country. Forget about those from other places. The boss of the largest supermarket in our county, who has a net worth of nearly 10 million, is working there. There is also the deputy county magistrate of the neighboring county who comes out to give you a lecture. You might believe it in half a month. . . Anyway, at that time, I really believed that this was a secret project of the country. .
At the end of 2010, I left Beihai. Then I went to China Railway 19th Bureau Railway Company and worked in Kunming for several years. I have to say that working people are really miserable. The monthly salary is less than 5,000 yuan, and they often work night shifts. They are often owed wages. It is normal to owe wages for two or three months. Basically, they will only pay one or two months after four or five months. . . The longest owed was 8 months. . .
During the years in Kunming, I came into contact with credit cards and experienced my first fall in life. A salesperson from China Merchants Bank’s credit card came to our office to promote it. Only then did I know that there was such a thing as a credit card, which could be spent first and paid back later. At that time, everyone in the office applied for one, and the first credit card in my life was the Windsor Credit Card Ordinary Card of China Merchants Bank... By the way, I applied for a gold card at that time, but it was not approved for me. Instead, I was approved for an ordinary card... What’s even more infuriating is that they only gave me a credit limit of 5,000. The two people in the finance department both approved gold cards, one with a credit limit of 30,000 and the other with a credit limit of more than 20,000... If I could go back to the past now, I would shout to the sky, "Don’t bully the poor young man!" But by the way, a credit limit of 5,000 was really a lot for me at that time. It also made me know about credit cards, which opened Pandora's box for me.
From 2010 to 2013, Kunming was full of gambling arcades, which were very popular. Several people in my company would go there to play after work. When I finally resigned, I looked back and realized that after working for four years, I had lost all my salary of 200,000 or 300,000 yuan there, and even owed 80,000 or 90,000 yuan... All of it was credit card debt. At that time, I applied for credit cards from China Merchants Bank, Communications Bank, Industrial Bank, China Guangfa Bank, Industrial and Commercial Bank of China, China Everbright Bank, and CITIC Bank, about 7 or 8. It’s not that I only applied for these many cards, but I applied to all the banks, including many niche banks, including Hua Xia Bank, but I didn’t approve those. . . .
The highest credit limit seems to be from GF Bank, which gave more than 30,000 yuan. Anyway, the total credit limit is close to 100,000 yuan. I lost all of it. . . .
At this point, there are still brothers who overuse credit cards. Let me summarize it for you! China Merchants Bank, Industrial and Commercial Bank of China, Industrial and Commercial Bank of China, and Everbright Bank are all very easy to use. Basically, your credit limit will not be reduced. There may be other easy-to-use ones that I have not remembered. But I remember the bad ones clearly... The most difficult to use are Bank of Communications and CITIC Bank. Often when you are in the most difficult time, your credit limit will be reduced all at once... I remember that Bank of Communications reduced my credit limit twice. Once it was more than 20,000 and it was directly reduced to 2,000. I cancelled it, and later applied for another 30,000 credit limit. After using it for more than half a year, it was reduced to 2,000 again... I don’t know where this Bank of Communications got such magical powers. Knowing that I had money in the card, it approved a high credit limit for me, and seeing that I was down and out, it reduced it to 2,000? Anyway, the card of Bank of Communications is not used by dogs. Brothers who use it should be careful, beware of loan withdrawal at any time...
Anyway, that's about it. I made it to 2013, and I couldn't make ends meet. I had used up all the temporary credit limit on my credit card, and couldn't even pay off the minimum limit. . All the money I earned working in Kunming, including the more than 100,000 credit card debt, 50% was lost in gambling, and 50% was owed by uncontrolled and unplanned spending. So, it's not just gambling that loses money. If your income is not high, you must have a plan and spend in moderation. You must plan your spending, don't spend beyond your means, or overdraw money from the future. In summary, if you earn 5,000 a month, make a plan for yourself, even if you can't save some, but don't spend more than 5,000. Otherwise, your financial situation will only get worse as your debts increase. The few times I fell into the water afterwards, at least 30 to 40% were due to uncontrolled spending.
At this point, there was really no other way. As my old friends say, I had no choice but to confess. My parents’ situation wasn’t good, but it wasn’t bad either. They were basically well-off. I couldn’t afford the minimum credit limit of China Merchants Bank, so I had no choice but to confess. … Every family has its own experience. Anyway, my dad was very angry at the time, so he gave me 30,000 yuan and asked me to borrow the rest from my classmates. … Anyway, in the end, I paid off the card, and I made up my mind to cancel all my credit cards. … I decided not to use them again. …
The first fall, the first rise. Just like that, this rise and fall is the only one I rose and fell with the help of my parents. My parents sponsored me about 70% of the time. . . There are several more times to come, let me tell you slowly. I'm going to have a meal and will update another chapter later.
As usual, brothers, if you like it, please follow me.
