Some people are wondering why I lost 3 billion, so I'm going to tell you my stor

Some people are wondering why I lost 3 billion, so I'm going to tell you my story.

We started investing in overseas stocks in 2016, and our assets increased significantly in 2020 due to the COVID-19 pandemic. The investment, which was 100 million won, doubled from 100 million won → 200 million won → 400 million won.

Unfortunately, this was when my health began to deteriorate. After three years of extreme stress, my body was ruined. I worked for a long time and had a retirement guarantee, but after consultation with my wife, I decided to leave because my health was my top priority. Recovery was an urgent priority and I wanted to spend more time with my family, so I decided to take a break.

But once I did, it didn't make me happier. Being together all day put me under stress and put off work and often ended up arguing. I have had many conversations with my wife, but the same situation has repeated, and our disagreements have not been narrowed.

She wanted me to be more faithful to her family, but I thought I should make more money. I think I had assets of about 1.5 billion at the time. The more I argued with her, the stronger my obsession with money became. I believed it would improve my relationship with her if I made more money, which was ridiculous.

I was thinking about how to make more money, and I found out about a stock mortgage. I started out with a small amount, but the problem was that when I invested in stocks with the loan, the profit got bigger. It was like there was a vending machine that printed money.

And the amount grew, and later we borrowed in billions. And as the scale of the loan grew, the assets continued to grow. And the net worth became two billion, and the net worth from the loan exceeded one billion. So we have a total net worth of over three billion.

Ironically, I had a net worth of over 3 billion, but I wasn't happy. Every time the stock price went up, the adrenaline rushes up, but that was only for a short time. My fight with my wife continued, and I thought 3 billion was not enough. So I set a goal of 10 billion.

Confidence in money has increased my spending. When my family needed any help, I stepped up and gave them money. Loans snowballed, but I thought I could earn more.

But when assets disappear, it's really fleeting. There have always been bad news in the market, but really unexpected bad news has begun to overlap. The stock price and the exchange rate fell at the same time, and we went through an unprecedented decline.

The decline was 1.5 times steeper than others because they grew their assets on loans. After months, they faced a counter-trading crisis. I had so much money that I didn't have to work for the rest of my life, but now I'm in a position to worry about counter-trading.

Net assets, which were 3 billion, reached 2 billion, and eventually fell to 500 million. I had never stayed up all night investing in US stocks, but I couldn't really sleep at this time. I stayed up all night in fear that my fortune might be zero won when I woke up.

DEAR ABBY: I discussed with my wife when my net worth was 500 million won. If we sell them all now, we can save 500 million won, but if it goes wrong, it could end up as zero won. My husband and I decided that if we sell them all now, we will never be able to raise as much money as we did before. So we decided to stick it out. It was the worst decision of my life.

The stock price continued to go down, and when I had about 100 million net worth left, I thought I'd just keep the principal. I sold most of my remaining shares and paid them off pretty much the entire loan. Paying off the loan made me feel at ease, but as soon as I sold it, the stock price magically began to rebound. It was a bloody moment.

So, 3 billion became 100 million again. What could never happen without loans becomes a reality with loans. It was like the movie "Butterfly Effect," where small mistakes and decisions come together to create a huge typhoon, which swept away my property. Looking back now, it feels like a dream. A lot of that money disappeared without a trace.

What I'm trying to say is how risky it is to invest in stocks on a loan. I was lucky enough to get the principal, but for those in worse situations, there are cases where only the loan, let alone the principal, is left. So I'm grateful for what's left of the principal.

DEAR ABBY: My relationship with my wife is much better now than it was with 3 billion won. So I am happier now without money. Money makes us comfortable, but at the same time, it makes us greedy. And if we don't control it, we lose things more important than money.

I learned a lot of life lessons from this experience. In particular, I became acutely aware of the dangers of money. Perhaps if I had made 10 billion right away without these lessons, I would have lost everything far more important than money. Probably.

If anyone wants to become rich, it's important to make a lot of money, but also think deeply about how to treat it. Thank you for reading this long story.