——The following are my personal experiences
I hope I can give you, my fellow practitioners, some strength and some inspiration
Together with you, take heart
Why would someone who does value investing come to the crypto world?
Because I found that the crypto market is a very good cash-flow withdrawal machine
I’ll explain the specifics in a moment
First, let me introduce myself briefly.
I am Da Chui, the 79th generation disciple of Confucius
Born in the 1990s, and these days I’m also one at CDR
I originally studied the arts, majoring in piano
Haha…
When I was in school, I never imagined that one day I would专门 make investments
My hometown is in Henan—a poor rural place
How broke was I?
Hehe, I always say one thing
My life started with debt
Since childhood, the most they told me was
Our family doesn’t have money…
That’s also the case
Even my college was financed by loans
So before I even started making money, I’d already started accumulating debt 😂
When graduating, watching classmates—parents would directly gift them a car
Then he insisted on making me sit in his car and drive me to the bus station
I couldn’t have been more miserable inside
With no connections, no support, and no money… me
I’m destined to rely only on myself…
But later I found that these were actually good things
It was here to make me successful
On the day of graduation, I ran to Shenzhen alone with just one bag on my back
Because I knew that going back to my hometown had no future
After I got to Shenzhen
I’ve got to go to work the next day
Because even the mere 1,000 yuan I had on me was borrowed from classmates
I went into the education industry
Those who learn piano can only do education, or be a teacher 😅
A year later, I was transferred to Jiangsu to become a regional section director
Seems like I’m also something of a talent, huh
Three years later, I started my own business and opened a school
In two years, I opened 2 shops
Now that I think about it, that was the most enjoyable time
No pressure, no dreams
Every day, besides work, it was all kinds of eating, drinking, and having fun…
It was exciting, but honestly, I was also quite lost
It’s meaningless…
Live day by day
Until a phone call came in
The business school invited me to go out and study
After listening to a course
I set my very first life goal
I wanted to be a lecturer
Damn, lecturers make way too much money
In two days, I saw others swipe their cards for hundreds of millions
Start investing in yourself, and invest in learning
It was my first time ever learning while paying with my own card
So I spent 180,000 yuan—and it was borrowed
Why?
Back then I had no concept of money
Earn how much, spend how much
Either you spend it all, or you invest it away
And it hurts to pay the money too
Think again: it’s basically debt anyway—bet on it; turn a bicycle into a motorcycle
So I slapped my thigh and decided
Swipe!!!
Later
The fact proved that 180,000 really was worth far more than the money
Honestly, I really do have talent for this
Three months later, I earned my first 1 million in my life
At the time, my first feeling was: this money is really TM easy to make
I made a bold statement: the next goal is 100 million
Now that I think back, I was so naive back then
Luckily I didn’t earn that much
Otherwise, maybe I wouldn’t be able to get back up again now 😂
After making money, the first thing I did was buy a house in Suzhou
In the blink of an eye, I became: someone from Suzhou
For me, 2017 was a very important year
Because we were blessed with three children in one generation
Bought a house, married a wife, had children
Back then, I was really a bit overconfident…
Thinking that being a lecturer and doing training would always be this easy to profit
I sold all the schools I had built my way up from, purely on impulse
But then fate slapped me in the face pretty quickly
Training institutions are fiercely competitive
The 1 million I thought of was only the beginning
Didn’t expect it to be the peak 😂
Later, performance kept sliding straight down
And the school was gone too
Cash flow also got cut off
And it only added a lot more pressure
Family, kids, mortgage, and my ever-increasing spending…
Before long, I ended up with a pile of debts…
It’s not easy being the family’s pillar
How did it end up in debt?
Mortgage on the house, credit cards, online loans, all kinds of loans…
When you always feel like you can make money
It’s actually the most dangerous time
Because I didn’t have any understanding of wealth, and had no concept of debt
So I couldn’t walk anymore pretty soon
When it was at its worst, I remember the total loan repayment for one month was over 50,000
In the end, there was really no other way
I think I still need to go back to my old line of work and run schools
But I had no money, no people, no company—and still had a whole pile of debt
Can’t I just keep working for someone else, clocking in?
You can’t be an employee forever—you just can’t 🤭
So I had to drag my family along, move everything, and decided to go back to my hometown to open a school
Borrowed from relatives and friends
I opened a new one again
I didn’t expect that…
In 2019, I made more than a million in total again
Within a year, I opened 2 more
In one month, I built the biggest local organization
Now that I think about it, it seems pretty awesome
If you have money in your pocket—can you really keep it?
The answer is: not possible
I don’t want to mess with houses anymore—let’s get a car instead
I switched to a Mercedes
At the time, nobody had ever thought about it—it’s still debt?
Actually, I ran a training organization
Why do you need a nice car?
Now that I think about it, it was just to show off
It was all to satisfy my vanity
But at the end of 2019, it became an important turning point in my life
Why?
Because I found out—altogether, I earned more than 1 million
By the end of the year, I realized I had no money in my pocket again
Where did all the money go?
Where did all the money I earned go?
And I didn’t buy much, and I didn’t eat much either
So I started to reflect
I did one thing
Pull up the bank statements and lay out all three years of records
One transaction at a time, one thought at a time
I finally discovered a fact
From the first 1,000,000 in 2016 to the end of 2019
Just the interest on all the home loans, online loans, credit card fees, and so on
Added up, it’s more than 300k
The debt wasn’t cleared, then I changed cars—and the money was gone again
Finally, I realized a problem
I had the ability to make money, but I didn’t have the ability to manage it
I completely had zero financial IQ
So all the money just disappeared
So at the end of 2019, I made a decision
Drive back to Suzhou
I sold my house in Suzhou, cleared all my debts, and only a bit was left in my pocket
I thought, this is great—no debt, and I’ll be light as a feather
From now on, I’ll work hard to make money and save it well
And then, I never expected…
Then the pandemic came…
It caught me off guard
We can’t operate offline
I panicked
Starting to look for various ways out
So I tossed a few more investments in—nothing even made a splash
I’ve run organizations, done livestreaming, set up online stores, and done online education…
I went and did something big—I set up a full-time private school
In the end, one business after another turned out a loss
When people are anxious, any decision they make is wrong
Once again, I can’t walk anymore
God is just like that
When you can’t walk anymore, it will give you another chance
Later, led by a friend
Back on the lecturer’s stage
Within a year, I pulled off a turnaround and became somewhat known in the circle
Most importantly, I learned the most, most important lesson in life…
Asset allocation
I truly feel it’s a life skill you must learn
Because I’ve been in education for so many years—talking about family education, boosting grades, psychological counseling, psychological healing, and so on
Everything was really for one purpose
Making money—so my kids will have it later; making money so they can live a little better later
But if you haven’t learned asset allocation and financial IQ…
The better someone is at making money, the more likely they are to lose even more
So I believe financial IQ and asset allocation are must-learn lessons
After learning asset allocation, I became a strategic investor
It not only can solve education problems, but more importantly, it can solve asset problems
The question is about making money
Actually, making money isn’t that hard
If you don’t have money, create it
With money, the money goes to the right place
Make money work
Let money do its work; let people do theirs
Managing money is a kind of ability
And it’s also the most important kind of ability
So back then every day I was planning assets, managing assets, optimizing assets
How to buy property? How to optimize it? How to buy a house without spending money? How to allocate assets?
How do you buy stocks? What is a good company? Funds, bonds, insurance…
How do you make your money grow safely, effectively, and multiply for you?
How to do a good job in passing wealth on?
When we invest, let’s not even talk about making money—if we can at least avoid losing, that already beats a lot of people
My philosophy is:
Gradually getting richer—it wasn’t slow at all, really
So thanks to asset allocation—now I hold quality assets and can solve my worries about the future
You can choose your own life
When you’re no longer living in daily fear and worry about money, and not constantly running around exhausted…
Actually, it’s the happiest and most fulfilling
It’s not like I have so much money
But it wasn’t that I had money—it was that I felt steady in my heart: at least the money was in the right place
Legal and compliant realization of compound value appreciation
And it would be more year by year
So why did you end up in the coin world?
Because my good brother got into it early, and he’s basically a veteran
I got into it relatively early, I understand the tech and all that, so I’d say I’m an old hand
But there was no object that we focused on allocating
Before, I always felt it wasn’t safe and that the risk was relatively high
But later I realized that in this era
Owning cryptocurrency might also be a new direction
In today’s world, competition in financial markets is fierce
An era of global economic recovery
New things will emerge in their own time—full of opportunities and challenges
I can’t say that the future of cryptocurrency will definitely be great and valuable
But at least one thing is clear: in the coin world, it’s a very good place to obtain cash flow, do big things with small moves, and amplify your assets
The premise is that you can’t be greedy—you have to steady your mindset
Control your position size
Get risk control right
There are still plenty of opportunities
After doing value investing for so many years
My mindset was trained a lot. I think the coin world is mainly about getting cash flow
Better to go light and start small for big returns, control the risk, and cash out promptly
But once you have cash flow, how do you keep it? How do you reach a safer, more stable, and correct place?
This is also very important
But I’m pretty good at this—I have too many places I can go
Unknowingly, I ended up writing so much
Then I realized
It’s not written for other people
It’s written for myself
Actually, it was also a review of my first half of life
Where am I supposed to be heading in life—what do I really want?
You must think it through
In short
Nice to meet you all
To be able to come to this space
This space is pretty fun
I think there are a lot and a lot of opportunities in the coin world
In the future, focus on doing well yourself, and go forward with everyone—grow together, and witness a great era together
