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 Anyone went from rich to poor?

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TStaga
post Sep 4 2025, 02:37 PM, updated 3 months ago

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Share some stories please, im sick of everyone sharing poor to rich success stories.
Hobbez
post Sep 4 2025, 02:39 PM

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Got plenty. You go Genting, can see all the time. Those who kalah the judi and lost all their shit, and then 14th floor.
kons
post Sep 4 2025, 02:41 PM

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plenty.. u see people lost money to scammer.

probably have to start from 0 again.


EncikSejati
post Sep 4 2025, 02:41 PM

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QUOTE(Hobbez @ Sep 3 2025, 10:39 PM)
Got plenty. You go Genting, can see all the time. Those who kalah the judi and lost all their shit, and then 14th floor.
*
14th floor mean suicide ka? aiyoo hmm.gif
DarkAeon
post Sep 4 2025, 02:42 PM

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u can do it too

sell everything u got, go genting big small

either u come back laughing or begging on the street. then u can tell your story here
keyibukeyi
post Sep 4 2025, 02:44 PM

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Rich to poor is normally cucu stories, 3rd generation, Kedai pawnshop ahma very rich, cucu spoon feed until kelapa wotak tarak pandai cari makan
dickybird
post Sep 4 2025, 02:45 PM

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All Malaysians since 1997/98. After we bail out atuk
Starbucki
post Sep 4 2025, 02:49 PM

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getting poor each time eated chapfun which easily above 10bux
amboi_asamboi
post Sep 4 2025, 02:50 PM

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Got

user posted image
prozfromhell
post Sep 4 2025, 02:51 PM

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ayam just lost RM 30k for trading the wrong stocks in bursa and didnt cut loss earlier

sad.gif
Starbucki
post Sep 4 2025, 02:55 PM

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QUOTE(prozfromhell @ Sep 4 2025, 02:51 PM)
ayam just lost RM 30k for trading the wrong stocks in bursa and didnt cut loss earlier

sad.gif
*
wad stocks?
SUSSihambodoh
post Sep 4 2025, 02:58 PM

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Ayam from T20 become B40, counted?
NinG
post Sep 4 2025, 02:58 PM

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Never rich. Duno how it feels
amboi_asamboi
post Sep 4 2025, 03:11 PM

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QUOTE(Sihambodoh @ Sep 4 2025, 02:58 PM)
Ayam from T20 become B40, counted?
*
Story a bit
Rusty Nail
post Sep 4 2025, 03:13 PM

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yes, every month

gaji masuk, rich
pay bills, CC, makan, poor
MegaCanonF
post Sep 4 2025, 03:16 PM

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Ayam dulu rich in love, now poor in love..
drmundo
post Sep 4 2025, 03:18 PM

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its happened to me every months.
max_cavalera
post Sep 4 2025, 03:19 PM

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QUOTE(keyibukeyi @ Sep 4 2025, 03:44 PM)
Rich to poor is normally cucu stories, 3rd generation, Kedai pawnshop ahma very rich, cucu spoon feed until kelapa wotak tarak pandai cari makan
*
Klang besi buruk bos usually verli lich… 👀
prozfromhell
post Sep 4 2025, 03:20 PM

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QUOTE(Starbucki @ Sep 4 2025, 02:55 PM)
wad stocks?
*
hartalega puke.gif puke.gif puke.gif
Randomization
post Sep 4 2025, 03:21 PM

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Poor to poorer can?
Bkboy
post Sep 4 2025, 03:29 PM

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This type of thing , only say inside toilet or bedroom. Not in internet, tambah more wound. Sudah sedih, mari sini tambah sedih. Sohai.
i7xQTi
post Sep 4 2025, 03:36 PM

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rich to poor is more common than the other way around, you just dont see it because of survivorship bias.

one of my uncles inherited a rice factory in the 80s and because he's a moron, spent almost everything on maintaining a lavish lifestyle. no investment or emergency allocations whatsover. went bankrupt in around 15 years.

lucky fart had things work out in the end though. he managed to secure top tier education for his son, who became a successful businessman and now he lives comfortably again.
pisces88
post Sep 4 2025, 03:37 PM

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QUOTE(prozfromhell @ Sep 4 2025, 02:51 PM)
ayam just lost RM 30k for trading the wrong stocks in bursa and didnt cut loss earlier

sad.gif
*
My advice is don't trade bursa lol
FappyBird
post Sep 4 2025, 03:37 PM

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QUOTE(Hobbez @ Sep 4 2025, 02:39 PM)
Got plenty. You go Genting, can see all the time. Those who kalah the judi and lost all their shit, and then 14th floor.
*
Bro he asking for from rich to poor

Not from rich to afterlife
bigwolf
post Sep 4 2025, 03:41 PM

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Ayam not rich or poor. After so many years struggling, ayam now not rich or poor. Like that kira or not?
Capt. Marble
post Sep 4 2025, 03:42 PM

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For every successful business there will be 10 unsuccessful ones but no one wants to listen to stories that break their heart.
A lot only want to listen to success stories... no one wants to listen to failure stories.

This post has been edited by Capt. Marble: Sep 4 2025, 03:43 PM
Autocountstick
post Sep 4 2025, 03:43 PM

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true stori, my fren org atas become org bawah cause judi,bookie,Ah long,AKPK,high commitment,business closed down,wife divorce,health issue. cannot overcome
jojolicia
post Sep 4 2025, 03:47 PM

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QUOTE(amboi_asamboi @ Sep 4 2025, 02:50 PM)
Got

user posted image
*
What happen? Invested?
backspace66
post Sep 4 2025, 03:48 PM

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Define poor and define rich
Phoenix_KL
post Sep 4 2025, 03:53 PM

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‘Cassette King’ David Chan faces bankruptcy as 4 creditors pursue HK$80 million debt
https://www.dimsumdaily.hk/cassette-king-da...0-million-debt/

One of Hong Kong’s best-known real estate investors has put another luxury home up for sale at a discount, as the city’s property glut and elevated interest rates weigh on highly leveraged entrepreneurs.

David Chan Ping-chi, dubbed the “Cassette King” for his fortunes made from producing audiovisual cassettes and compact discs, plans to sell a three-storey mansion at 51 Mount Davis Road on Hong Kong Island to repay debt, he said in a phone interview with the Post.
https://www.scmp.com/business/article/33241...y-sale-pay-debt


machomama
post Sep 4 2025, 03:55 PM

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QUOTE(jojolicia @ Sep 4 2025, 03:47 PM)
What happen? Invested?
*
this one the hubby was operating a cleaning machine at the airport
some thief, stole a taxi and rammed into him

wife dapat 1M (2.5M our money)
bad investments (lori transport) drained all away
sos
amboi_asamboi
post Sep 4 2025, 03:57 PM

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QUOTE(jojolicia @ Sep 4 2025, 03:47 PM)
What happen? Invested?
*
https://www.malaymail.com/amp/news/malaysia...-in-year/684225
supsupsui
post Sep 4 2025, 03:58 PM

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all people I have known from rich to poor: gambling.

friends who lose money in business somehow manage to regroup and fight again, and again.


amboi_asamboi
post Sep 4 2025, 04:00 PM

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I went into partnership with 2 other high school friends in 2011, and signed a partnership agreement. Lets call them Ah Beng & Muthu

user posted image

We thought that 3 persons will be safe because there will be check and balance, no 1 person can make all the decisions. Must need 3 parties to decide on something.

And we added this in the agreement:

user posted image

Forgive the grammar coz he was from SRJKC.

The first year was ok. We took out our saving and put into the company. We did some trading, then earn some money. We promised not to touch the profit first, and keep it to grow the company. We still have our own job and did this as part of our side business.

That time we just wanted to have a little bit of side income, every year december can go memancing kat Tg Sepat, eat seafood and enjoy some time together like we did in school last time. We were very close friends.

To cut the story short, kalau tak menipu bukan
_______________
A) businessman
B) kawan baik
C) scammer
D) lalabeng

So when we made money on third year, Ah Beng said we can buy a cheap car to deliver the stuff. Just buy a small kancil will do, but finally he bought a proton FLX. At first i objected, but Muthu agreed. 2 against 1. They win.

Then this so-called company car was mainly used by Ah Beng even for his personal things, but the petrol, maintenance, upkeep etc. charge to company expenses. I felt unfair la, u get the benefit but we pay from the operation cost and diluted our net profit.

Muthu said nevermind coz Ah Beng did all the work, delivery and getting the stock from suppliers. Ah Beng put the key on table and pushed to me and said “ok, u do la this delivery. Take it. U do, Im ok one, u take the car”

Of course i can’t do coz i was busy with my day job. So again Muthu said nevermind la, we all work for the company.

Year 5, we really grew the business, and Muthu resigned to focus on the operation of the company while Ah Beng did the sales & marketing, sourcing etc. They both withdraw a higher salary from the business while I end up like a sleeping partner. We have our meeting every month to see what to improve the business.

By now our profit is in the range of 5 close to 6 figures after 5 years of setting up this company. A lot of hard work. If u ask what I contributed, it was the initial capital and occasional introduction of new customers. Daily operation and running of the company were mostly Ah Beng & Muthu’s work.

In 2016, Ah Beng and Muthu decided to buy over my share because i didn’t really do anything and they felt is it unfair to share a third of the profit with me. They can afford to pay me off my 33% and then cut me off from then on. I couldnt disagree coz it was 2 against 1 again.

But something happened. There was a problem with one batch of our stock and this affected some customers. We got some issues and need to replace the goods, and the stock were as good as junk. This caused the company to suffer losses.

Now they change their story. We are in this together. We built this together. Now i have to bear the losses together. Ok, they can still buy my shares but now the value is reduced because of the losses in 2016 to be a fraction of what i put in. And they say if i want to continue, pump in more money to rescue the business.

I declined and cashed out. My initial investment of 80k became like 20k only when i cashed out.

2017-2019 they happy happy coz business was back to normal. Both changed cars, go holidays.

Then 2020-2021 covid. Padan muka they close shop coz no business. Tuhan bayar cash.




mabaw
post Sep 4 2025, 04:01 PM

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my old boss
remittance / money changer
held one of the biggest license in the industry (class a)
fintech destroyed him
Skylinestar
post Sep 4 2025, 04:03 PM

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lost a niche job since covid19. went from T20 to B40.
vhs
post Sep 4 2025, 04:07 PM

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Every month I went from rich to poor
POYOZER
post Sep 4 2025, 04:08 PM

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I used to earn more than 20k a month for a few years. Now I am M40.
ts1
post Sep 4 2025, 04:09 PM

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wealth is not permanent. u may have a lot money now but sudden mishap all your fortune can be gone. so while u afford now, do some good deeds
amboi_asamboi
post Sep 4 2025, 04:14 PM

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QUOTE(mabaw @ Sep 4 2025, 04:01 PM)
my old boss
remittance / money changer
held one of the biggest license in the industry (class a)
fintech destroyed him
*
Money changer is indian?
homicidal85
post Sep 4 2025, 04:14 PM

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QUOTE(taga @ Sep 4 2025, 02:37 PM)
Share some stories please, im sick of everyone sharing poor to rich success stories.
*
user posted image
jojolicia
post Sep 4 2025, 04:14 PM

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QUOTE(amboi_asamboi @ Sep 4 2025, 03:57 PM)
2 keywords there
bristlebb
post Sep 4 2025, 04:31 PM

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a lot

pipu who failed in bisnis, want to go back find white collar job no pipu want bikos strayed too long from workforce
zerorating
post Sep 4 2025, 04:44 PM

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got, some of my jiran.
before makan gaji, now makan sendiri, doing gig job.

makes me glad i did tons of saving yielding sizeable amount of dividend
ThirdSon
post Sep 4 2025, 04:44 PM

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keyibukeyi
post Sep 4 2025, 05:01 PM

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QUOTE(max_cavalera @ Sep 4 2025, 03:19 PM)
Klang besi buruk bos usually verli lich… 👀
*
Klang manyak ulat besi
max_cavalera
post Sep 4 2025, 05:27 PM

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QUOTE(keyibukeyi @ Sep 4 2025, 06:01 PM)
Klang manyak ulat besi
*
But gangster always come kaco woso ask tol moneh… 😓
MGM
post Sep 4 2025, 05:39 PM

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QUOTE(amboi_asamboi @ Sep 4 2025, 04:00 PM)
I went into partnership with 2 other high school friends in 2011, and signed a partnership agreement. Lets call them Ah Beng & Muthu

user posted image

We thought that 3 persons will be safe because there will be check and balance, no 1 person can make all the decisions. Must need 3 parties to decide on something.

And we added this in the agreement:

user posted image

Forgive the grammar coz he was from SRJKC.

The first year was ok. We took out our saving and put into the company. We did some trading, then earn some money. We promised not to touch the profit first, and keep it to grow the company. We still have our own job and did this as part of our side business.

That time we just wanted to have a little bit of side income, every year december can go memancing kat Tg Sepat, eat seafood and enjoy some time together like we did in school last time. We were very close friends.

To cut the story short, kalau tak menipu bukan
_______________
A) businessman
B) kawan baik
C) scammer
D) lalabeng

So when we made money on third year, Ah Beng said we can buy a cheap car to deliver the stuff. Just buy a small kancil will do, but finally he bought a proton FLX. At first i objected, but Muthu agreed. 2 against 1. They win.

Then this so-called company car was mainly used by Ah Beng even for his personal things, but the petrol, maintenance, upkeep etc. charge to company expenses. I felt unfair la, u get the benefit but we pay from the operation cost and diluted our net profit.

Muthu said nevermind coz Ah Beng did all the work, delivery and getting the stock from suppliers. Ah Beng put the key on table and pushed to me and said “ok, u do la this delivery. Take it. U do, Im ok one, u take the car”

Of course i can’t do coz i was busy with my day job. So again Muthu said nevermind la, we all work for the company.

Year 5, we really grew the business, and Muthu resigned to focus on the operation of the company while Ah Beng did the sales & marketing, sourcing etc. They both withdraw a higher salary from the business while I end up like a sleeping partner. We have our meeting every month to see what to improve the business.

By now our profit is in the range of 5 close to 6 figures after 5 years of setting up this company. A lot of hard work. If u ask what I contributed, it was the initial capital and occasional introduction of new customers. Daily operation and running of the company were mostly Ah Beng & Muthu’s work.

In 2016, Ah Beng and Muthu decided to buy over my share because i didn’t really do anything and they felt is it unfair to share a third of the profit with me. They can afford to pay me off my 33% and then cut me off from then on. I couldnt disagree coz it was 2 against 1 again.

But something happened. There was a problem with one batch of our stock and this affected some customers. We got some issues and need to replace the goods, and the stock were as good as junk. This caused the company to suffer losses.

Now they change their story. We are in this together. We built this together. Now i have to bear the losses together. Ok, they can still buy my shares but now the value is reduced because of the losses in 2016 to be a fraction of what i put in. And they say if i want to continue, pump in more money to rescue the business.

I declined and cashed out. My initial investment of 80k became like 20k only when i cashed out.

2017-2019 they happy happy coz business was back to normal. Both changed cars, go holidays.

Then 2020-2021 covid. Padan muka they close shop coz no business. Tuhan bayar cash.
*
Covid over, they can restart the biz, no?

This post has been edited by MGM: Sep 4 2025, 05:39 PM
ListenToTheWind
post Sep 4 2025, 05:46 PM

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Back then when my old man was running the family, he can afford to bring us go have nice meal at atas place occasionally, as in whole family of 5 members, dine out at airconditioned restaurant when they label air suam as "sky juice" on their menu (so you can imagine how atas those places)

Fast forward 30 years later I took over the role to run the family. Can hardly afford to bring the family to foodcourt dai chow that cost RM12 / pax, didn't order drink. Never buy any new clothe for long long time.

So, I consider this lifestyle downgrade from T20 to B40 (even though techically I'm bringing in more $$$ as compare to my old man back then, but the $$$ never manage to keep up with inflation)
ukiya21
post Sep 4 2025, 05:47 PM

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hcmalaya
post Sep 4 2025, 06:20 PM

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Ayam supposedly born with golden spoon but somehow dad failed me..
But ayam now managed self consider ok kot
Ada houses ada money
Kekwa
Raddus
post Sep 4 2025, 06:23 PM

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QUOTE(taga @ Sep 4 2025, 02:37 PM)
Share some stories please, im sick of everyone sharing poor to rich success stories.
*
Grew up to t10 parents
Now working as b40 salary

But cukur i dont have to give money to parents
They say no need

This post has been edited by Raddus: Sep 4 2025, 06:24 PM
Emily Ratajkowski
post Sep 4 2025, 06:27 PM

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Phoenix_KL
post Sep 4 2025, 06:28 PM

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user posted image
amboi_asamboi
post Sep 4 2025, 06:32 PM

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QUOTE(MGM @ Sep 4 2025, 05:39 PM)
Covid over, they can restart the biz, no?
*
They got burned quite badly and suffered huge losses

Didn’t want to restart

Padan muka
smallcrab
post Sep 4 2025, 06:33 PM

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QUOTE(MegaCanonF @ Sep 4 2025, 03:16 PM)
Ayam dulu rich in love, now poor in love..
*
Inb4 tukar bini aje
Ramjade
post Sep 4 2025, 06:35 PM

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mabaw
post Sep 5 2025, 12:10 AM

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QUOTE(amboi_asamboi @ Sep 4 2025, 04:14 PM)
Money changer is indian?
*
indian muslim
the whole industry is farked
sunset by a storm
imagine one minute u are the king, suddenly poof, wise, digital banks eat your everything
KitZhai
post Sep 5 2025, 05:36 AM

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Congratulations Mr Lee for successfully becoming a millionaire. Do you mind sharing how and what is the secret of your success?

I become a millionaire due to to my wife.

I see, she must be very helpful and cheerful to you. What are you doing before you become a millionaire?

A trillioaire....
KitZhai
post Sep 5 2025, 05:40 AM

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QUOTE(amboi_asamboi @ Sep 4 2025, 05:00 PM)
I went into partnership with 2 other high school friends in 2011, and signed a partnership agreement. Lets call them Ah Beng & Muthu

user posted image

We thought that 3 persons will be safe because there will be check and balance, no 1 person can make all the decisions. Must need 3 parties to decide on something.

And we added this in the agreement:

user posted image

Forgive the grammar coz he was from SRJKC.

The first year was ok. We took out our saving and put into the company. We did some trading, then earn some money. We promised not to touch the profit first, and keep it to grow the company. We still have our own job and did this as part of our side business.

That time we just wanted to have a little bit of side income, every year december can go memancing kat Tg Sepat, eat seafood and enjoy some time together like we did in school last time. We were very close friends.

To cut the story short, kalau tak menipu bukan
_______________
A) businessman
B) kawan baik
C) scammer
D) lalabeng

So when we made money on third year, Ah Beng said we can buy a cheap car to deliver the stuff. Just buy a small kancil will do, but finally he bought a proton FLX. At first i objected, but Muthu agreed. 2 against 1. They win.

Then this so-called company car was mainly used by Ah Beng even for his personal things, but the petrol, maintenance, upkeep etc. charge to company expenses. I felt unfair la, u get the benefit but we pay from the operation cost and diluted our net profit.

Muthu said nevermind coz Ah Beng did all the work, delivery and getting the stock from suppliers. Ah Beng put the key on table and pushed to me and said “ok, u do la this delivery. Take it. U do, Im ok one, u take the car”

Of course i can’t do coz i was busy with my day job. So again Muthu said nevermind la, we all work for the company.

Year 5, we really grew the business, and Muthu resigned to focus on the operation of the company while Ah Beng did the sales & marketing, sourcing etc. They both withdraw a higher salary from the business while I end up like a sleeping partner. We have our meeting every month to see what to improve the business.

By now our profit is in the range of 5 close to 6 figures after 5 years of setting up this company. A lot of hard work. If u ask what I contributed, it was the initial capital and occasional introduction of new customers. Daily operation and running of the company were mostly Ah Beng & Muthu’s work.

In 2016, Ah Beng and Muthu decided to buy over my share because i didn’t really do anything and they felt is it unfair to share a third of the profit with me. They can afford to pay me off my 33% and then cut me off from then on. I couldnt disagree coz it was 2 against 1 again.

But something happened. There was a problem with one batch of our stock and this affected some customers. We got some issues and need to replace the goods, and the stock were as good as junk. This caused the company to suffer losses.

Now they change their story. We are in this together. We built this together. Now i have to bear the losses together. Ok, they can still buy my shares but now the value is reduced because of the losses in 2016 to be a fraction of what i put in. And they say if i want to continue, pump in more money to rescue the business.

I declined and cashed out. My initial investment of 80k became like 20k only when i cashed out.

2017-2019 they happy happy coz business was back to normal. Both changed cars, go holidays.

Then 2020-2021 covid. Padan muka they close shop coz no business. Tuhan bayar cash.
*
What business ah
PaperClip224
post Sep 5 2025, 05:49 AM

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Jjptr ??
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post Sep 5 2025, 07:36 AM

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Rich to wealthy.
amboi_asamboi
post Sep 5 2025, 10:05 AM

Getting Started
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Junior Member
226 posts

Joined: Feb 2022
QUOTE(mabaw @ Sep 5 2025, 12:10 AM)
indian muslim
the whole industry is farked
sunset by a storm
imagine one minute u are the king, suddenly poof, wise, digital banks eat your everything
*
Yes dah agak dah. Either indian or Indian Muslims

I hate to go to money changer, im the customer and their muka masam mcm aku hutang toddy kat bapak dia

Now padan muka kena slowly wiped out by digital banking & ewallet & wise
poooky
post Sep 5 2025, 10:32 AM

Enthusiast
*****
Junior Member
829 posts

Joined: Sep 2011
Yes, young time all the time, energy and health in the world, plenty of paths and opportunity to take, but too naive and didn't use wisely. Too many opinions and advices, should have just followed heart.

Now unker time limited time, no energy, no health just focus make money everything doing things unker could care less about. No more opportunity and path, no chance to take risk anymore, one mess up and it is GG. Now full of ragret waiting to EOL as the days pass by.

 

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Time is now: 4th December 2025 - 04:26 AM