She Once Had A Net Worth Of 600 Million Yuan; Now, She Is Bankrupt And 300 Million Yuan In Debt

She Once Had A Net Worth Of 600 Million Yuan; Now, She Is Bankrupt And 300 Million Yuan In Debt

She once had a net worth of 600 million yuan; now, she is bankrupt and 300 million yuan in debt. This video tells the true story of her journey from wealth to bankruptcy, uncovering the reasons behind it—blind investments and excessive ambition. Through this personal story of financial collapse, we see the loss not only of wealth but also of stability in life. The video discusses topics like "how entrepreneurs manage debt," "the financial pressures of business failure," and "how debt impacts personal life." Her story serves as a valuable warning for those considering entrepreneurship, reminding us of the risks in business that cannot be ignored.

This video also shares lessons on the determination to rise from financial hardship, showing the consequences of "failed investments and financial crisis" and how one can rebuild in the face of adversity. If you're interested in "the reality of debt for entrepreneurs" or "financial collapse due to ambition," this video will take you deeper into understanding these challenges and lessons.

[tigerlee]

I have $300, 000 in the bank, own my own home, and work a regular 9-5 office job in my 40s. I'm very grateful in life and feel all my needs are met. I do not need the headache of managing a multi-millionaire dollar business and not being able to sleep at night worrying about it. Keep life simple. Enjoy it. Don't complicate life and make it too stressful.

[TellthetruthaboutChina]

Bankruptcy isn’t the worst; the worst is how people start looking at you, like you’re the embodiment of failure.

[boratlion]

The rich die from trusts, the Middle class from investments and the lower class from credit cards, damn, so true.

[NightmareManX]

Men shoulder all the financial pressure and responsibilities, yet no one seems to understand that men can break down too.

[HussainSyed-vsvx]

Good lady. Speak up so others can learn from her experience. Honest.

[NaturalDisasterObserver]

needed help the most, I realized my so-called friends were only there for the good times.

[johnelst]

The man born in the 70’s said it best, how can anyone move forward or even trying to repay debts with everything being frozen..

[Twinsal]

Rule #1 : Never think you are special regardless your background or how well you do in life.
Rule# 2: Remember rule # 1.

[englishpedant]

It looks like the guy at 6:10 is going through hell, and I hope he gets through it, but stories like this should be shown to all young potential investors as a warning as to what can happen if you invest too much too soon. I guess guys like this saw the success stories of others during the boom and assumed the same was going to happen to them, and now they'll have to learn the hard way.

[erinjk]

People shouldn't feel bad. It is their current economy. I wish that lady quit while she was ahead before the downturn.

[cttommy]

Personally, didn't much cared about her past achievements, but then again, stopped and thought properly about it. When she said she let the fame and praise get to her head, this is what she is talking about.

Rather then be more prudent, she went all in and made mistakes. Still more likeable than most as she is at least able to see where here issues were. Hope she successfully gets out of debt.

[walterkreuzman]

I have no tears. It wasn't ambition but greed that lost all the money. You play you pay.

[MCC]

The lady at the beginning is a scammer IMO. She will never be able to repay her debt although she says she will.

[RayMak]

Their social credits boiling in their veins 😢

[evertrue]

This video, is quite frightening to anyone who watches it through but, what it left out is the fact that, most banks and other financial institutions in China are publicly owned and not privately owned. Debts by people to public owned financial institutions are forgivable over time, but debts owned to private financial institutions like in the western countries, not so much. Its only a matter of time for everything to change for the better..😒

[parttimethinker]

Wanting more is good, but greed has no limits. Therefore we need to distinguish the differences between advancements and greed. Greed is never satisfied. Advancement often satisfies us.

[loneranger]

I suspect excessive debt caused her downfall.

[jupiterapollo]

600, 000, 000 yuan? If she could accumulate that amount of net worth in such a short amount of time it means she's a very ambitious person. There's hope that she can overcome her debts and recoup herself.

[tonytea]

Regrets stem from passionate ambitions reevaluated in hindsight. By applying foresight and logical consequence consideration, she could have reduced or avoided regrets.

Regrets are the result of ambition base on emotions in hindsight. She could have avoided or limited her regrets if she had foresight and anticipate the consequence of her choices using logic.

[harrycook]

what is the app that chinese use to post these videos?