- Joined
- Aug 14, 2018
- Messages
- 8
- Points
- 3
Dear Bro/Sis,
Its has been a tough time for me after failing my business 3 years back and landing myself in about 300k debts from banks, suppliers, contractors and relatives.
Being your own boss is tough and often lonely. I started on my own when I'm 31 and had no proper coaches or mentor to guide me. Nobody really cares how tough your life is. Most people will just think that being a boss means time and financial freedom.
I couldn't described how tough it was back then, I didn't know what gave me that strength to move on. I pluck up the courage to cut losses and go back being a salaried worker and earn a regular pay to service my debts. It was really a lonely journey. Even the my closest love ones could not understand why my debts are so complicated and can't seem to lessen even though i concientiously service my debts regularly.
I'm often left with a few hundred dollars for food and transport. I can't go on tours and i can't bring my family for at least a decent meal at a zhi char stall.
When my parents asked me how much i still owe and when are you able to pay up this auntie or that uncle, I'm just lost with no answers.
Back in my mind i thought to myself, i did not splurge on anything luxurious, neither do i risk my monies on 4D or Toto, i just receive my regular pay and within a few days i transfer them to respective accounts of my creditors.
Although these tough times really carved me into a much more mature and intelligent being, (at least this is how i feel and my new employer and colleagues thought) i really do not know when i will be able to make that break and return to a normal life. Being only a regular salaried employee i have limitations, the numbers and sums are not on my side.
I just keep telling myself to keep my cool and not get affected by comments from my close loved ones. They probably thought i have kept some savings for myself and not return more monies to my relatives who had helped me financially. Similarly in our small industry, suppliers and contractors do talk about me letting go my pte lid company and not being responsible for the debts owed to them.
I got so many lawyer letters of demand, debt collectors coming to my doorsteps. So much so like it was already part of my life. It wasn't something that any normal person should get use to, shouldnt it? I dealt with it. Paid up a bit, delayed a bit, employed delay tactics, or whatever i could to evade payments just to keep the few hundred bucks for my food and regular household spendings.
I was writing this in this forum hoping that what i wrote now can at least helped me remove the negative energies that is lingering in me for the past weeks. I live as simple as i could for the past 8 years, including those days when my business gone downhill. And i really dont know when these could end. Not in the next few years basing on math.
And for those who have read to this point, thank you for your time and attention
Its has been a tough time for me after failing my business 3 years back and landing myself in about 300k debts from banks, suppliers, contractors and relatives.
Being your own boss is tough and often lonely. I started on my own when I'm 31 and had no proper coaches or mentor to guide me. Nobody really cares how tough your life is. Most people will just think that being a boss means time and financial freedom.
I couldn't described how tough it was back then, I didn't know what gave me that strength to move on. I pluck up the courage to cut losses and go back being a salaried worker and earn a regular pay to service my debts. It was really a lonely journey. Even the my closest love ones could not understand why my debts are so complicated and can't seem to lessen even though i concientiously service my debts regularly.
I'm often left with a few hundred dollars for food and transport. I can't go on tours and i can't bring my family for at least a decent meal at a zhi char stall.
When my parents asked me how much i still owe and when are you able to pay up this auntie or that uncle, I'm just lost with no answers.
Back in my mind i thought to myself, i did not splurge on anything luxurious, neither do i risk my monies on 4D or Toto, i just receive my regular pay and within a few days i transfer them to respective accounts of my creditors.
Although these tough times really carved me into a much more mature and intelligent being, (at least this is how i feel and my new employer and colleagues thought) i really do not know when i will be able to make that break and return to a normal life. Being only a regular salaried employee i have limitations, the numbers and sums are not on my side.
I just keep telling myself to keep my cool and not get affected by comments from my close loved ones. They probably thought i have kept some savings for myself and not return more monies to my relatives who had helped me financially. Similarly in our small industry, suppliers and contractors do talk about me letting go my pte lid company and not being responsible for the debts owed to them.
I got so many lawyer letters of demand, debt collectors coming to my doorsteps. So much so like it was already part of my life. It wasn't something that any normal person should get use to, shouldnt it? I dealt with it. Paid up a bit, delayed a bit, employed delay tactics, or whatever i could to evade payments just to keep the few hundred bucks for my food and regular household spendings.
I was writing this in this forum hoping that what i wrote now can at least helped me remove the negative energies that is lingering in me for the past weeks. I live as simple as i could for the past 8 years, including those days when my business gone downhill. And i really dont know when these could end. Not in the next few years basing on math.
And for those who have read to this point, thank you for your time and attention
