COPIED
I (M 25) am in 800k debt, no house, + have a kid.
Have always been quite ambitious. So when i left campo 2 years ago, i knew an office job wasn’t for me, so i went into freelancing. Dream was to pivot this into a venture in a year or two. Did well for a while, was lucky to get the chance to help my parents, rent an apartment etc. During the pandemic my gf and I had a boy (amazing kid). I could comfortably take care of them. Life was good. I was 24.
Now both my parents are teachers so i wouldn’t say i grew up in money. So when i needed to shift from self employed into a full venture (data analytics) i had to take a loan. Took out 300k at 10% interest (ouch). I knew i could pay it back in 3 months so the interest rate didn’t bother me. Mistake.
Paid interest for three months before work downturned. Most of my clients left. I spend my own money to make payroll (5 guys) before i went broke. I still owe them wages.
I’ll be turning 26 in 3 months. In total i’m closing 900k in debt. It could be 1 million by my birthday. My gf had to take the baby upcountry (hers, we aren’t married) so she can get a job. Thinking of him there kills me. I have just one client now. I received a notice of eviction three days ago, 3 months rent arrears. Plus they get to keep all my stuff. And I’m losing friends i owe money to.
Remembering a time when paying 3 months advance rent was easy. Now im losing everything. Used to go to any restaurant in town. Now getting a simple meal requires meticulous planning. I don’t feel very sad though. I actually chuckle at the whole thing sometimes - it’s just … surreal, unbelievable. All this happened in just two years? My mom thinks i’m bewitched that someone did that ‘evil eye’ thing.
I discovered tobacco a few months ago it helps kick the edge off in my darker days. My mom found tobacco in my bedroom and she freaked out; honestly i’m more worried for her than for myself. Also started taking vodka occasionally; it isn’t bad yet but i know it’s a matter of time. I’m scared.
To my 24 yo self: don’t rush, everything that’s meant for you will eventually find you.
I really want to start over, but i don’t know how or where to begin. Advice will be appreciated.