Hate my life and my choices. Want to end it.

Will keep it brief

Laid off as an associate despite strong reviews more than a year ago (NYC MM)

Didn’t enjoy banking at all but appreciated the money and was willing to sacrifice for it

At the time, I had a very solid nest of savings ($600k after tax liquid) I was extremely frugal), so while I was upset, I was not panicked and figured why not try a chill corporate job as I thought perhaps the work could be more fulfilling. I got such a role but realized after some time that even though I hated banking, the extreme pay cut and slow promotion path was too much for me to bear

Couldn’t find an alternative job and didn’t know what alternatives there were outside of IB PE and was frustrated seeing all my peers from my analyst class/college get so ahead and long story short made some very bad investment choices and lost everything I noted above. It’s still difficult for me to process and am in shock that this is real life.

I feel everything I have sacrificed for and delayed gratification by being so frugal was for nothing. I now hardly can survive. Missed out on so much for nothing. At least if I was IB PE I would have future comp growth to bank on but I am in a dead end place so far behind where I should be. Don’t have any friends or money or relationships and I don’t want to live anymore. I hate all my decisions that led me to this point. I worked hard I really did but it wasn’t enough. Now I want the pain to end God help me in what comes after this world.
 

69 Comments
 

Really brutal but nothing is worth ending your life over. You say you have no friends/relationships but you would leave hundreds distraught and scarred for life. It’s never all over. Possibly go into debt and get your MBA and do it all over again. Network your fucking ass off, you did it once, did it again. You have a resume which I’m sure is solid. It’s never the end of the world, even when it seems like it.

 
  • Can you lay out your career? MBA to Associate to Corporate or what?
  • Stop treating yourself like a victim. You are in a self-fulfilling prophecy. "I'm such a loser, I am missing out on so much, fuck my life, I have nothing."
  • What do you do outside of work? I'm sure you have free time to do something that will either provide meaning to your life or assist in the path of finding meaning in your life. If you're too depressed to do anything on the weekend, we can work on that. I've been there.
  • You realize whether you work in IB/PE/whatever 2,3,4,5,6 years later than your peers - it does not matter at all when you are 60 and your peers are 55. Stop comparing yourself to others. I see the same thing with kids that don't graduate with an IB offer. They work some stepping stone job for 2 years after graduation then go to IB. Yet, they cry as if these 2 years will mean anything in the grand scheme of their career.
  • Also, how are you so broke? Are you in debt?
  • When you say you "have no money" do you actually have no money or are just so disillusioned that making low six figures is "no money"? 
 

Straight from undergrad to banking to the corporate role no MBA

I said I had lost everything due to very bad investment decisions over the last year (recent volatility was nail in coffin) but no debt or savings now. The current comp I have in NYC is not enough for me to save just covers rent as before I was using a portion of investment gains for other living expenses. Either way, my shock is more from losing my life savings now and I have no choice but to go back into banking

 

You have so much left in this life to enjoy and so many fulfilling life experiences yet to live through. None of which are contingent upon you having a massive nest egg or getting "ahead" of .001% of earth's 8 billion people that you consider your peers. I'm sorry for your losses and for the grief you feel right now. Try to take a step back. You got this

 

Before you do it, sponsor a random kid from Africa to come to the US, transfer everything else you have to that persons name and I mean everything. And when you do it think of your mom, dad, brothers, sisters, cousins, grandparents, old friends, etc. You're in the US, have elite work experience, with optionality to get back on track via an MBA or something. People would kill to get your seat and you don't think its enough. The universe is 5 billion years old, and there's another few billions more to and between all that you get a little 80 year blip to do something. Its already not enough time why are you tapping out like you go something better to do in the next stage? This is what I tell myself at least.

 

The cost is around 200k, average first year salary is 180-210k with sign on. Please, if you have decent work experience, a decent undergrad/gpa, and solid GMAT, M7 to 200k starting salary is almost laughably easy. I beg you, please consider this option before following through. I think many of us on this forum have also been through some heavy stuff, but please, it's not over yet. If you have family willing to support you, rely on them as much as you can while you recoup yourself. It's okay to rely on others when you're picking yourself back up. You got this. 

 

Go volunteer at a senior center and do me a favor tell every single one your plan and find a single one who would think its a good idea like they wouldn't do anything to be 28 again. Again, people would kill to be 28 years old with an elite background and you again don't think its enough. Like fuck the hotlines and centers there is no bravery or commendability in offing yourself over this bullshit its actually pissing me off. Slap yourself in the face, watch some mcgregor motivational instagram reels and stop feeling sorry for yourself. Nothing worth anything ever came easy. Your lack of commitment to this life is an insult to everyone who believed in you.

 
Funniest

Also guy to guy if you're looking for a wife wtf are you doing looking in NYC? You're competing with the army of 6'4 trust fund WASPs for a handful of girls who are ran through and egotistical. When you save a penny go to Charleston SC it's heaven on earth I've never seen a citywide ratio that good with no major pockets of hoodlums. The ugliest mfers I met be getting luck down there.

 

The universe is 5 billion years old, and there's another few billions more to and between all that you get a little 80 year blip to do something.

Beautiful message to put things in perspective 

 

There are hundreds of millions if not billions of people who actively live happy lives. The vast, vast majority of these people never got a shot to make over 60k, much less join banking. There are a ton of ways to be happy in this life that you haven’t even experienced yet. 


This high finance zeitgeist gets so sucked into what’s top 5 vs top 10, counting numbers on paychecks that honestly don’t effect our lives that much unless we are extremely materialistic. Being in this line of work is such an accomplishment as is and the resume bump is real. 

There is nothing wrong with achievement later in life, the only way you’re a loser or a failure is if you stop trying. You clearly have a high aptitude - you built that bag of money up incredibly quickly. 

You will do it again. If you want, lots of ways to be happy. 

Just try to divorce your happiness and wellbeing from the prestige comparison rat race. Bounce back from this, tough lesson to learn and those are often the most guiding.

 

SoftLandingIsReal

There is nothing wrong with achievement later in life, the only way you’re a loser or a failure is if you stop trying.

Not if I want to one day have a family. Running out of time and no woman is going to take me seriously in NYC broke. 

I don't feel any resume bump. Outside of PE/IB/HF/ER/ST, what roles even pay well in finance at all?

 

How old are you? It sounds like you're barely late 20s if even, since you were laid off as an ASO. If you're in NYC, you should also know that women date men with 10-15 year age gaps all the time lol. I even know family members with age gaps 10 yr+. On the note about finance roles that pay well, there are plenty. AM is a huge one that I know of. Could also go into SWF, Family Office, Corporate Banking (you can laugh now, but they make really decent money). Also look into non-finance roles. I know plenty that have gone from IB to strategy, tech, startups, etc. all making good money with amazing WLB. 

 

All of that is completely attainable, I think I was 30 when I started dating - still reached the family level. 

There are so many roles out there man, in addition to what the other guy said - rx consulting pays great and is lower hours than banking usually, sales roles can be excellent cash, trading, debt negotiator roles for firms like Google can be 400k+ all in and remote, strategy…there are just so many options and hiring people have hard ons for seasoned ex bankers.


You at least owe it to yourself to try, recognize that what you did was anomalous and you can do it again. Likely with less effort since you’ve been through the grind. Frankly, in this market, founding something can cash you out. 

Everything you want is still ahead of you, need to recognize that this is just a stumble. There are so many bounce back stories in finance, you are far from the first to do this. The real asset is your brain and character - you will definitely generate returns with that. Got to give yourself a chance.


Or at least go try stuff, like jobs that are easy on the beach, commercial banking in a cool area, etc. gives you time to go try sides of life you’ve never had time to experience. There’s so much left to do and experience. 

 

hatemylife25

SoftLandingIsReal

There is nothing wrong with achievement later in life, the only way you’re a loser or a failure is if you stop trying.

Not if I want to one day have a family. Running out of time and no woman is going to take me seriously in NYC broke. 

I don't feel any resume bump. Outside of PE/IB/HF/ER/ST, what roles even pay well in finance at all?

I had my first kid at 36 and my second at 41 (same wife!). You seem to care deeply about family so reach out to any you can trust. The things you are saying are disturbing but also resonate with many of us. We all hit dark places. 

You’ve got plenty of life to live before kids become urgent. Also, once you have kids, life is so much better! My daughters are my life. P.S. Except for the first 6 months


View your future kids as an opportunity!

 
Most Helpful

Hey man. I'm sorry to hear that you are struggling - let me know if you'd like to PM, and I can shoot you a message to chat.

I've also struggled with depression, anxiety, and a myriad of other acronyms under those umbrella terms. It sounds like you may be experiencing a depressive episode triggered by some life stressors, and from first-hand experience, I would recommend that you seek professional help to provide support while you rebuild. Having experienced it myself, I would liken suicidal thoughts to a warning signal that your brain creates when you find yourself in deep emotional pain. You've been through some shit recently, between your financial loss and job loss, so your brain is poking you, saying, "hey, there's some bad shit happening to me - I'm in a lot of pain right now and I can't see an immediate solution, so here's a really extreme solution that resolves the pain."

The important thing to remember when you're having those types of thoughts is that you can't see a solution to these problems right now, but that doesn't mean a solution doesn't exist. A depressed brain is very adept at creating all kinds of reasons as to why your current circumstances are permanent - this type of thinking often manifests in the form of "all or nothing" statements (e.g., I'll never find a new position, my career is irreparably damaged, a woman will never want to be with me if I'm unstable financially, etc.). However, if you were to share these black-and-white thoughts with others, like you've done here on WSO, we will all tell you that they are irrational. Contrary to the illusions that your brain is creating right now, you are capable of resetting and rebuilding back to a position of strength.

My advice to anyone grappling with depression or suicidal thoughts is to immediately start working with a psychiatrist and a clinical psychologist (i.e., PhD trained in cognitive behavioral therapy), in that order. Psychiatrists will most likely prescribe medication, and that could be helpful in your situation; however, medication isn't for everyone, and sometimes all you need is a good regimen of CBT to get you back on your feet - so chat with the docs and see what they recommend.

For psychiatrists in NYC - particularly if you have Aetna - the folks at Mount Sinai have an outpatient psychiatry program that is very cheap and accessible, and it helped stabilize me when I was in the shit. Check that out if you're interested. Also check out ZocDoc for providers if you prefer private practice.

For therapy, there are some great resources at the universities, although insurance coverage varies and you may have to wait a month or two to be seen (again, that's why I recommend seeing a psych first - you can get in immediately vs. the 1-6 month waits for good psychologists). I know Columbia has a number of options, and I believe NYU does as well. Columbia takes Aetna, and I think NYU is mostly out-of-pocket unless you work at BlackRock or AmEx. You can also find therapists through Psychology Today, Alma, or ZocDoc. With those platforms, you should be able to filter for docs that accept your insurance, although a lot of providers do not accept insurance. These providers will probably bill $300-$500 an hour, which I thought was extortionate, so I switched to an in-network psychologist and reduced my out-of-pocket cost to $40 a session. The cost differential between in-network and providers that don't take insurance is something to keep in mind as you explore options.

Lastly, on the career and financial losses point, it sounds like comparison to your peer group is making things worse. I suggest you unplug from social media and focus inward. When I was fired from my PE job in 2022, LinkedIn was my worst enemy. I was so ashamed to post my "downgrade" role on LinkedIn that I didn't update it for six months after I joined. I didn't want my network to see that I'd taken a clear backstep career-wise, and I even avoided seeing one of my closest friends for months because I was too ashamed to tell them what happened. Looking back, this type of thinking is really sad and misguided, and would only ever happen in the prestige-driven environment we've chosen to immerse ourselves in.

A partial solution is to begin detaching your identity from your career, while simultaneously acknowledging that you are someone who places a lot of value on having a good career (and therefore need to work to get back into a career path / track that excites you). This is not an overnight process and will take effort on your part. You're not going to find your dream new job immediately, so you need to invest in things that give you joy outside of your job while you rebuild your career and finances (fitness, food, relationships - whatever makes you happy). I'm 2.5 years out from being fired and only just now resetting in terms of comp trajectory, mental state, and stability, but I'm really grateful for the lessons I've learned over the past two years and the tough skin I've developed. I'm now preparing to apply to business school to explore other career paths outside of finance, so I'm optimistic about the future.

The last thing I will say is that I am learning that you can reset from literally anything in this life other than death. To illustrate, my dad dropped out of college one semester before graduation. By his account, he was failing most of his classes and didn't see himself finishing his degree. As any rational human would do, he bought a one-way bus ticket to Wyoming, where he decided to be a ski instructor for the next five years. His parents effectively disowned him and he worked construction in the summers to make ends meet (all the while allowing interest to accrue on his $50k+ student loan balance). After five years in WY, he followed a woman he met while teaching skiing to Southeast Asia to backpack, where he bumped into my mom who was backpacking around the region. A lot of shit happens - they get married. My mom, a college graduate herself, recognized that he was bright and convinced him to go back to school. Through a combination of brilliance, tenacity, and my mom's support, he worked his way up through the community college system (four-year colleges initially would not admit him because of his undergrad transcript), to a four-year state school, and then was admitted to CalTech as a doctoral candidate, where he completed his PhD in his late 30s. Today, he works in senior leadership for a government defense contractor specializing in cybersecurity.

If you had met my dad in his 20s, you'd probably think he was a washed-up loser by the standards of any Manhattanite finishing their 2+2 program. But he pulled an insane 180 in his 30s and has had some pretty incredible life experiences as a result of his non-linear path. Similar to what my dad encouraged me to do when I felt my life was collapsing, I'd encourage you to adopt a longer-term and more balanced perspective when thinking about your career and life. You have a long road ahead and plenty of opportunities to course correct.

 

Others have chimed in with some helpful advice. My suggestion ontop of that is to look into therapy. Betterhelp is great. I'm confident you're a few sessions with a therapist away from at least being able to stabilize yourself mentally right now. It's far from over for you.

 

All the other comments on here are great. Only thing I can personally recommend is to watch the movie It's a Wonderful Life. Whatever you're feeling right now will go away.

 

Don’t have much to add here, but there’s a reason why billionaires in their 60s/70s+ say they would give up all their money just to be back in their 20s. Dont give up yet, you have so much more life ahead of you

 

As others mentioned, while it feels like the walls are closing in, you're going to come out on top. You have plenty of time to rebuild and get back on track. I've made plenty of stupid decisions as well but each has taught me something important along the way. 

I'm currently unemployed with years of IB experience and can somewhat relate to what you're going through. It's been over six months and I still have not landed anything, largely due to the hiring market. It has been the toughest mental battle I've ever gone through, and definitely have had some rough days. For the first few months, I was really hard on myself as it feels like the career I worked so hard to get into is slowly slipping away. Another post made a good point about not comparing yourself to others and understand that your own path is unique.

The best part about being at the bottom, with your back against the wall, is that you've got nothing more to lose and everything to gain. Don't quit, keep the faith, and understand that things WILL get better.

Stay strong brother - happy to chat if you need someone to talk to.

 

Thank you for sharing this. I'm really sorry you're going through something so painful. Please talk to someone. A friend, a family member, a therapist. You don’t have to carry all of this alone. I know it might not mean much right now, but your life has value. One of the hardest lessons I’ve learned is that comparison truly is the thief of joy. I deleted LinkedIn too, because it became toxic for my mental health. Life can feel brutally unfair. My family had to start over from scratch in a new country with almost nothing. It was hell. But we kept going. Not because it was easy, but because we didn’t give up. You’ve worked hard. That effort isn’t meaningless, even if it doesn’t feel like it right now. There’s still time. Things will change, I promise you. Please give yourself the chance to see what’s on the other side. You matter. 

 

Hey man you're going to pull through this. You're not alone, I've been unemployed a year now, so much to do to get to my dream job and it's been a difficult ride. Moving back in with parents, leaving nyc was super hard for me. Unemployment is hard and it pushes people to the extremes of their mental state, but do not make a permanent solution to a very temporary problem. You aren't alone in this. 

 

 Reminds me when I blew all my liquid savings as well in my 20’s. I went from 500k to like 20k in 6 months gambling high stakes poker and pit games.

Thoughts of suicide floated in my head daily. But I just couldn’t do it, even though I kinda made a few half hearted attempts. I just couldn’t deliver such pain to my family. If killing myself only impacted me, I would have done it. But the pain I would have wrought upon my family would have been selfish.

So I encourage you to think about your family and the pain they would feel if you hurt yourself.

I lost it all and I was much older than you, meaning I was kind of in a worse spot. You still have your youth and options, like getting an mba and breaking in again as an associate.

And I’ll be honest, for a couple year after I went broke, life sucked hard. But over the next ten years, I slowly came back. I met a great girl, had a million dollar wedding and recently just bought a 4mm home upstate.

And I am the laziest person in nyc, so if I can climb back so can you. Just keep trying to break in. Also, work in regular exercise into your routine.

I won’t tell you to try to forget you lost the money, because you never will. I think about that 500k and what it would be worth today almost every month and it’s been a decade. Just embrace your mistake and use it as fuel to come back stronger.

 

I’m unfortunately 28 so I don’t think you were much older than me. I just think about the money now every second and all the wrong decisions that led me there. 

Would you say you were able to make it back because of banking or are there other comparable career options? I was miserable in banking but pushed through because I knew the value of the pay and I would have stayed if I wasn’t let go. Now I don’t know if I should try and go back in just for the sake of building my savings again. Just wish I could redo so much

 

We alll live with regret. The girl before my wife was a billionaires daughter. I could have literally inherited 9 figures and lived a life of luxury.

I wasted 4 years in college doing nothing and will always be 4 years behind my peers.

I could have worked harder and been an MD at an elite bank making millions as opposed to being a mediocre director making mediocre six figures.

And yes, you will think about the money constantly for the next couple of years. It will take time for it to stop dominating your thoughts.

So just embrace the pain and disgust you feel, because it is so recent and raw.

Tips for moving on include exercise, video games, reading, and avoiding liquor and junk food.

If you’re still feeling awful in a few months, then you can reach out to medical professionals, but I prefer trying to handle this stuff naturally and on your own, but everyone is different.

I am also cognizant we are in different situations. Meaning, I still had my job and a dad I knew I could go crawling back to if needed. Not sure what your family financial situation is, but if your dad isn’t rich I can only imagine how that must exacerbate the situation.

Just remember that this is the low point since it just happened. It gets better from here, the more time that passes.

Also, what did you invest in? Did you gamble like me?

 

Life is a gift. Cherish everything that is around you. The sun is still shining, the birds are still chirping, and everything can change in a blink of an eye.

 

Hey, I just wanted to say I really feel what you’re going through. I’m in a similar spot—did everything “right,” sacrificed so much, and still ended up lost, and behind. That pain of watching others move forward while you're stuck? I know it too.

I haven’t done anything productive since last year myself. I’ve been feeling paralyzed and hopeless. But I’m about to begin my MBA soon, and even though I still feel uncertain, I’m just trying to take one step at a time.

I don’t have answers, but what’s helped me a little is talking to a couple of people who’ve been through it too—just knowing I’m not alone made things a bit more bearable. You don’t need to solve it all today. Just enough to hang on a little longer

 

OP, have you considered AM at a BB? Way more chill and low stakes below the PM level, less pay than IB but way more chill hours, you have some freedom to choose what you want to cover based on what teams you recruit for (pure equities, alts, etc) so it could be more interesting than just plain corp fin or development. 

You could also try to go for an MBA to re-recruit for IB or something like private credit. It also gives you a couple of years to stall and think about what you really want to do while giving you so many opportunities to engage with all these professionals from different finance industries who will show up to your class every week to speak and enjoy answering your questions. For instance, my school got speakers from KKR, Blackstone, Apollo, all the BBs, Bridgewater, Elliot, OakTree, etc. to come to our classes all the time and they will be frank about telling you why you should and shouldn't consider a career in X. 

I've seen plenty of people at lower M7s go from IB back to IB or PE back to PE, IB to PE, etc. Your work experience would easily qualify you for CBS, Booth, Wharton, etc. as long as your undergrad GPA was a 3.5 or above. Don't bother going to any other school below top 10 unless it's Stern or something since they are finance-focused and in NYC. I've seen people with way shittier and boring background experience (like Big 4, gov't work, teachers lmao) get into CBS and Wharton. You're also around the average age of MBAs, so the timing would be perfect.

EDIT: I misread your post and originally missed that you mentioned you lost all the $600k you saved up, so now I'd caution against getting an MBA unless you can get a decent scholarship or parents to support you. Not worth going into debt for IMO. 

 

hey op. if it's helpful, here's how i deal with it. a bit about me: like you, i've had a lot of success (worked at elite boutique, top hedge funds, etc) and pretty much was making like $700K a year but now I've also lost everything by most people's standards (e.g., for a variety of reasons cannot work in industry again and lost much of my savings).

to make matters worse, my life already sucked emotionally. i already was on a fairly high dose of psychiatric meds, saw a therapist each week. what was tough about it was i didn't know what other "levers" I had. the thoughts of ending it had been present, not just recently but on and off for 5 years. i was already familiar with them. but this time they seemed worse, because the situation did seem objective quite a lot worse. 

in my case, what I found helped was sitting with the thought of ending it and appreciating why the thought is there rather than trying to push it out. i have had the same therapist for 10 years and i would say it helps. one way that it helps me is to observe my thoughts. when you observe anything from the outside, it can feel less threatening. in my case, one thing I noticed about the thought of ending it was that other than being scary the thought also did feel freeing. if I imagined my mind as having different parts, there was one part that wanted to assert agency by considering ending it. 

up until this point in my life I don't think i considered how i felt and ever sincerely considered taking an action because of how i feel. weird i know, but if I hated someone or something I still did it always if i feel like if it was what i was supposed to do. the path for me going from those thoughts to feeling better was trying an experiment: what if I just notice how I feel and let myself be guided by that for awhile? yes, ending it is an option, but if that option is on the table, then so is everything else, including caring about how I feel. you might as well try all the things you really want to do but you thought were unwise first and report back. because chances are you will find yourself feeling differently. in my case, i really wanted to study advanced math and do something innovative in the sciences. i always really admired solo scientists that made discoveries outside of academia and i decided that even though it was impractical, i didn't care. i puttered around for a while when i was unemployed but this is what i was drawn to. what i found was that these thoughts went away when i started to do something i enjoyed again. 

one other thing i would say is that one of the hardest parts about this is how it affects other people, not how it affects you. in my case, what was hard was i chose to not go back to making a lot of money again and instead to find a way to work for myself. it turns out this caused me to lose a lot of respect from my friends and family. what's hard is recognizing that they may no longer share similar values. this can feel really isolating but acting like this doesn't happen makes that worse. a lot of why people respect you likely is partly due to your success. it's something to acknowledge, sit with / accept and move on from over time. 

another thing that really helped was to consider the thought experiment the there is a higher power. i am an atheist, but i chose to read the bible during this period because why not. i would say this was a life changing experience that i would also say should be on your list of things to try. i still don't believe in a higher power, but I do find some of these questions helpful "what if this is all part of a greater plan from someone that loves me and humanity?" or "what if this is a gentle sign that my creator wants me to take a different direction?" I don't necessarily have an opinion on whether a higher power exists, but i do personally find these questions to be helpful and they make me feel better. 

what i noticed after I did this, is i'm the happiest i've been in my life. i hope it helps you. i also of course would encourage you to seek professional help if you need it. 

 

Hey man,

I'm sorry to hear that things have been so tough for you recently. Connect with some other people and talk about it, they will listen. I just want to say you should be proud of all you've accomplished (not just work). Also the prior negative events should be regarded as sunk costs and therefore be ignored on an accounting basis. But seriously, imagine the comeback when you've bounced back from this low. You have a good job, you like your team, you meet a new girl, you've built up some nice savings. You enjoy going to work and feel good about the future. That's a hell of a story and shows a lot more heart and resilience than a predictable cookie-cutter success story. I don't know you, but I have felt what you feel and it's demoralizing, but it is temporary. Head up champ. The only limits you have are the ones you place on yourself. 

I believe in you. Wouldn't have written this if I didn't.

Highly stimulated.
 

Do you want me to tell you to end it? Do you want me to tell you not to end it?


You‘re saying that you could’ve experienced more of life in the last couple of years. Then you’re thinking about ending your life although that will also take away from you the opportunity to experience life. Makes no sense.


So here‘s the deal. You go for a run. Eat a nice meal with the money you have left. Get some good sleep. Then sit down for a second and understand two things. Number one: those analysts you’re comparing yourself to that are „so far ahead“ have problems of their own and likely hate their lives as well. Number two: I can tell you’re young and likely care a lot about what people think about you. I‘m also young (mid 20s) and have not achieved any of the things you’ve achieved. The fact that you were in Banking at all is something many out there can only dream about and you should respect yourself for that. Not to mention the good reviews you claim you received. Things come and go. That‘s true for all things in life, including money, women, power, and life itself. Some people only ever learn about this when they’re much older so be thankful for this (painful) privilege that I believe will have an overall positive impact on your life long term.


Lastly, your post makes it sound like there‘s no way you‘ll make that money again. You did it once already, might as well do it again if that’s what you want. This could turn really ugly if you pursue the goal you’re thinking about or real good. Imagine sitting down at the dinner table with your wife and two kids and telling them this story. They will laugh and then the kids will secretly hate you for it and your wife will have passionate sexual intercourse with multiple oiled up men that are not you (much more attractive and never lost 600K; likely one of those analysts you spoke about earlier that are factually simply way ahead of you).

 

I love you man. We all love you. And Im sure if you message anyone here, especially people with comments that you find helpful, they'd be more than happy to meet up, buy you dinner, listen to your thoughts, and be a lifelong friend. 

I've always loved the quote "when you focus on you, you grow. When you focus on shit, shit grows."

If you're smart enough to work in banking, 100% no doubt you're smart enough to know that ending it does not solve shit. Don't do it. We love you. 

 

This is a crazy coincidence since I am currently in class and randomly was thinking about young suicide and how it makes no sense to throw your whole life away over stuff you won't even think about when you're older. And when I was thinking this I felt the random urge to go on wso where I haven't been in ages and came across this post. If you're looking for a sign this is it. Everything is interconnected and there's no such thing as a coincidence. You're young and going through a hard time and not thinking straight. It's easy to feel suffocated like you have no options but you don't even realize you can live life in any way you want and there's so many options out there. I want you to force yourself to list things you're grateful for every day. Reach out to people who have been in same boat. Figure out what you don't like about your life and change it. Go somewhere sunny. You're simply not thinking straight lol. Yes I know it's hard but thousands are in the same boat as you rn. The more you deepen it the crazier you'll get. Stop deepening it lol. Not everything's final. You have to laugh at life sometimes and just push through. Again, don't deepen everything it'll work itself out.

And I was gonna comment watch the movie its a wonderfl life and someone already commented it. In fact the movie randomly popped into my mind and I was mindlessly scrolling thru comments and saw that comment same time. Again nothing's a coincidence. I advise watching it. It sounds cheesy cause of the title but it's not. Also

 

Pain comes from always wanting things…its the wanting (read what Buddah has to say)

You dont need much money to be happy. You had all that money, were you happy? You could be on a beach renting jet skis making jack shit and be happy. 

Dont harm yourself, you have the gift of life in a country where you can do fine. 

Bro listen to me, Im 40+, everything you are worried about right now, you wont care about several years from now. I have money, Im fine, i was happier being relatively broke in college not knowing what would happen. I have amassed some money, in comparison to others its nothing. 

Read the book 10% happier, meditate, read Buddah. 

Its the wanting…

 

Seek professional help immediately. Suicide is a permanent solution to a temporary problem. 

I’d advise a psychiatrist over a psychologist for the time being. I know a lot of people aren’t fond of them prescribing drugs like candy but I consider anyone considering suicide to be an emergency situation. It’s easier to find a more holistic approach when you aren’t thinking about offing yourself. 

Step 1: Don’t kill yourself even if you have to go to extraordinary measures to achieve that goal.


Step 2: Figure everything else out when you’re in a more stable state of mind. 

Not achieving step 1 takes all other options off the table. 

 

I’m really sorry you’re feeling this way. Please remember that your life and your worth are so much more than your career or financial situation. Many people go through unexpected setbacks, even after working extremely hard. It doesn’t define you. Please try to reach out to someone you trust or a mental health professional — you don’t have to carry this alone. There’s still a future for you, even if you can’t see it right now.

 

Hey man. I just registered to reply to this; I’m not a WSO regular, I was Googling info on a fund closure, wound up in the WSO HF section and saw the title of your post on the main page. It caught my eye to say the least.

You’ve gotten some good advice here, and having been in your exact shoes, I feel compelled to add some words that you really need to hear.

My background: graduated Lehigh in 2009 with a 2.9 GPA, got hired at a hedge fund (complete luck/backdoor), worked like a dog for four years, went to Columbia for MBA, worked at another fund, worked at Citadel, worked at Schonfeld, and then at age 32 went off to start my own fund. Born lucky, worked hard and had a ton of breaks go my way both in my career and financially. 

Here’s where our paths align. During the pandemic I broke discipline and traded horribly, going into a steep drawdown and spiraling out of control. My personal dollar losses, and I say this not to dick-size, were quite a bit higher than yours with the added kicker of losing a lot of other people’s money. Until you’ve experienced it yourself, I can only say that the pain of losing other people’s money makes the pain of your own losses feel like a boo-boo from scraping your knee at the playground.

Here’s what our paths (hopefully) diverge. Instead of giving up, I took out millions of dollars of fraudulent PPP loans, put them into the fund and went on operating as if nothing had happened. This action set me up for about a billion different felony charges – Federal charges for the loans, state/regulatory charges for getting the fund involved. I was arrested less than a year later – deservedly so – and went to jail, then a rehab clinic, then another jail, then spent two years in the Feds, and now I’m here today.

So, once again, I am not here to dick-size but let’s just say I have been to the level of hell you currently find yourself in, as well as many deeper levels.

Here’s what you need to hear.

RELATIONSHIPS: You say you have no relationships, which I doubt is entirely true, but either way it shows that you aren’t placing enough value on family and friends. 

When I got arrested and written up in the papers, the immediate aftermath was what you’d expect. Damaged relationships with family and friends. Damaged relationships with investors, with former coworkers and colleagues. The guys who were all over your dick yesterday, today they don't know you. Many others will quietly let you know, look, we’re still cool, but I have to protect my own reputation so I can’t be associated with you. It was a wake-up call in how shallow, transactional and disloyal many relationships really are, but there were also valuable lessons pertinent to your situation. 

For all the broken relationships, a lot of friends came flying out of the woodwork to support me, and straight up, very few of them did it from the goodness of their heart. I heard over and over “you were there for me, so now I’m here for you” or “if the tables were turned, I know you’d do the same for me.” Having these people show up was the difference between “I am so fucked and want to die” and “you know what, I’m actually going to be okay.” 

You never know when you will need a friend, and the hard truth is that if you want reliable friends, you have to be reliable first. It doesn’t appear to me that you are doing that. You reap what you sow, the bad of course, but also the good, and what I take away from your messages is that you have sown nothing. Tough times reveal the truth. You feeling like you’re all alone is the sum-total of your past actions. Use this experience as a sign that you need to devote more time to building and maintaining healthy relationships.

REGRET: This part is very important. You have regrets over your financial loss. Anyone would. What you need to realize is that it was going to happen no matter what – maybe a year from now, five years, ten years, twenty years, whenever, but IT WAS GOING TO HAPPEN. You had some defect of character, or mental weakness, or inability to control your emotions, that was going to express itself through poor financial decisions. 

You are very lucky that it happened at such a young age. If this had happened when you were 50 – which it does to people, all the damn time – your wife would have left you and taken the kids, and you’d be not only dead broke but on the hook for all their costs forever. 

You cannot sit around pining about your bad choices. It was fated to happen, if not now, then later, and that’s just life. What matters is that you use this rock bottom as motivation for it to never happen again. I can tell from your pain that the lesson has sunk in, which is a good thing. Use the pain to remove the defect of character that caused this in the first place. It wasn’t the market, it wasn’t luck, it wasn’t a bad stock pick, it was YOU. Hold yourself accountable or you’ll never make any progress from where you are now. 

SUICIDE: This topic is why I felt compelled to reply in the first place. 

When I was 23, a close friend killed himself. What you need to realize with suicide is that for the next 40, 50 years, whatever it is, all your family and friends will wake up every single morning with an ice-cold dagger plunged into their chest. It never goes away. You think you are ending your own pain, yet you're creating a lifetime of pain for a much larger group of people. It sounds like you believe in the supernatural and in the afterlife but I don't see you thinking deeply enough about the consequences of your actions. 

That shit stays with a man, for real. It will leave him grasping for answers decades later. This isn’t why I'm here but I wrote and published a book with my full story, dedicated it to my friend and donated all the proceeds to the American Foundation for Suicide Prevention. If any of these words are resonating with you, something in there probably will as well; message me if you want and I'll mail you a copy since you're short on dough, or just Google me and you'll see it. Regardless, I am hoping and praying that cooler heads have prevailed by now, but always remember that there is nothing in life a man cannot bounce back from, and that the way you’re feeling is just a part of the ups and downs of life. As Herodotus wrote, “no person has existed who has not wished more than once that he had not to live through the following day.”

WORK ON YOURSELF: Here is what you need to do right now. Disappear for the next three to six months. They call it monk mode, I say just be an apparition, "lock in," whatever you want to call it – you have to retreat into yourself. Don’t completely disappear; go get a job, any job, which should be easy since you have investment banking on your resume. Doesn’t have to be perfect, it can be a stepping stone for 12 months. Just get a job. 

Next, go to bed at 8 PM and wake up at 4 AM seven days a week. Go right to the gym when you wake up and train as hard as you can. Afterwards, walk to where you can see the sunrise and say good morning to The Man. Go to work and be an apparition in the sense that physically, you’re there, but your mind and spirit are elsewhere. Get as much fresh air and sunshine as you can during the day, then after work, go home, read books, write, and go to bed early. Be ridiculously fanatical about sleep (eight hours), diet (eat clean) and exercise (daily) – this is how you gradually rebuild discipline.

I would strongly recommend getting sober. No more booze, no drugs, no pills. You’re not in college anymore. Grow up. There is nothing more sad and pathetic than a man in his thirties yelling “wooo I’m so drunk” while doing coke in a filthy West Village bathroom. Also, consider leaving NYC while you’re unencumbered. You’ve seen it, you’ve done it, it’s not going anywhere. Move somewhere sunny, move to a mountain, just move, it’ll do wonders to shake you out of the funk you are in.

I see you worrying about women. Listen: don’t worry about women right now. You are in no condition for that. Your energy, your aura, your mindset is all fucked up. The money doesn’t matter, it’s your attitude that ensures no high-quality woman will want to be with you right now.

Socially, you should do the bare minimum. Smile at work, be good to your family and your friends, but say no to everything else. You need to be demonic about fixing your own life right now. The guy in the comments who recommended seeing a therapist, that’s good advice – use this time to sort through all the skeletons from your past, your family history, et cetera.

All the rest of your free time should be spent reading books. For thousands of years men going through hard times have turned to the same texts, the Stoics, the Bible, Seneca, Plutarch. I can put together a list if you want one. History is littered with men who went through FAR WORSE SHIT than losing a few bucks, survived, thrived and then wrote about it. Read biographies of great men. Read history. Study how men not only dealt with setbacks but used them as catalysts to emerge even stronger. All of this will help keep your problems in perspective, because I can tell you are lacking perspective right now.

If you execute on this consistently for six months, you will emerge completely different. You will be jacked and tan and disciplined, radiating the aura and energy of a man who has been broken and rebuilt. This self-reliance and confidence is what will draw women towards you, and all your future relationships will be much healthier – husband, father, friend, son, etc – since you have wrung out all the self-pity and neediness and oh-poor-me and whatever else you have going on right now.

MAKE THIS THE BOTTOM: The next six to twelve months could set you up wonderfully for the rest of your life. When a man is broken, he either remains permanently broken or he emerges ten times stronger. Each day you have to decide which of those two you want to be. 

I believe that every man worth a shit will get completely broken once in his life. I say worth a shit because there are also lots of men who live life in fear, playing it safe, never taking risk, avoiding any path that comes with a 0.01% chance of them getting broken. Their regrets come much later, when they look back and realize that they forgot to live life.

You have to decide that you no longer want to be a boy and are ready to be a man. This has nothing to do with age. I know guys that are 40, 45, good job, wife, kids, house, all of that, but when I look in their eyes I see a boy. They’re soft, scared, never been tested, no backbone and no true principles or values that they’re willing to stand on. Use this time to figure out which you are and then start making changes. "Man cannot remake himself without suffering," wrote Alexis Carrel, "for he is both the marble and the sculptor."

Carve this out as the bottom, my friend. View life as two acts. The first act just ended and your second act is about to begin. 

Good luck, and remember: the floor is no place for a champion.

GB

 

Do you have that book list you recommended? And what book did you write, if you’re willing to share

 

Sure. Ten books that I got a ton out of:

  • Seneca: Letters from a Stoic (Gummere translation)
  • Montaigne's Essays (Cohen translation)
  • James Allen - As A Man Thinketh
  • Lord Chesterfield's Letters to his Son
  • La Rochefoucauld - Maxims
  • Plutarch's Moralia
  • Francis Bacon - Essays
  • Pascal - Pensees
  • Baltasar Gracian - The Art of Worldly Wisdom
  • Ruiz - Four Agreements

For history, anything by Will Durant is fantastic (start with Lessons of History), but really the more the merrier - I don't think there's a more productive use of time than reading history. 

For philosophy, you have to really commit - I think the first book that sucked me in was Schopenhauer's "The World as Will and Representation" - a lot of the metaphysics and proofs of God you can gloss over and come back to later, but the insights on human nature are worth reading him (and all philosophers) for. I highly recommend Bertrand Russell's "History of Western Philosophy" as a broad overview, and again, if you find yourself getting bogged down just turn to the next page, a lot of this stuff takes multiple re-readings - it took me at least three years of reading philosophy to reach beginner level. It's worth it. Cut out the useless crap in your life - all TV, Netflix, social media, sports, vapid people, empty calories, anything that is providing zero mental benefit - I promise, you can find the time. 

Read novels as well - some of the best insights on human nature are wrapped in fiction - if I had to pick ten that altered my worldview:

  • Hesse - Siddartha
  • War and Peace
  • Balzac - Lost Illusions
  • Thackery - Vanity Fair
  • Robinson Crusoe
  • Mann - Buddenbrooks
  • Hugo - Les Miserables
  • F. Scott Fitzgerald - The Beautiful and Damned
  • Dreiser - An American Tragedy
  • Hawthorne - Scarlet Letter

The book I wrote is on Amazon, it's not letting me post links since I'm new - search Blind Spots Blotnick and you'll see it. I also have a website (Gregory Blotnick / About ) and X (@gregoryblotnick) where I mostly post insights from shit I've read, including a lot of the names above, and try to make it useful to people - some of the quotes/excerpts might grab you and lead you to decide "that resonated with me - I'm going to start by reading xyz"

Hope this helps

GB 

 

Bravo! Gregory, what an amazing, heart-wrenching, gripping, genuine, inspirational life odyssey of decline/resurrection from someone who’s lived it. The raw, graphic description of your personal journey is stamped with the mark of authenticity. Great advice for the original poster. At age 72 I can say that I’ve seen this story play out among people I’ve known or read about many times. It’s timeless. ‘‘Twas ever thus.” It perfectly encapsulates what most of us have experienced—to one degree or another. It’s the story of human frailty and the timeless human condition. It reminds us that Life requires constant work to reimagine and rebuild ourselves. We weren’t born with all the answers. You wrote your story out of compassion and love for a fellow human but it is also a gift to all of us as a touchstone, a reminder, of the work we all need to do—throughout our lives. It reminds us that Life requires constant work to reimagine and rebuild ourselves to stay strong to meet the challenges of Life. We’ve all been there to some degree. Great reading list! Thank you for sharing your life story and profound advice. Shit’s Real.

Also, the comments are simply wonderful. So much compassion and love. Reading your story and the comments I felt like I was sitting in a pew hearing the restorative, solemn words of a pastor delivering his sermon from the pulpit.

Indeed, as others have said, Family and Friends are the most precious gifts in Life—if we are lucky to have them. 

You’ve read some of the Great Books of philosophy, literature, and psychological self-help. These are precious gifts from human history by generations of learned, great thinkers who came before us. They are required reading for us all. What you’ve learned from your experiences and reading comes through— and it’s powerful.

An accessible, small step recommendation I’d make to the original poster is to watch some videos or read a few books by the late John Bradshaw, a noted author and speaker, theologian, academic scholar and professor of the Great Books and Philosophers throughout history who taught metaphysics and religion and philosophy at Rice University and other institutions, a developmental psychologist and clinical practitioner of psychology who himself plunged to the depths of downfall and despair early in life, but rebounded to reach The Promised Land. I’d recommend starting by googling the last two episodes of his 8 part series entitled “The Eight Stages of Man,” entitled “The Middle-Age Crazies” and “In All Unwisdom Wise.” After that I’d recommend viewing the first six stages of the Eight Stages, in order. Then, perhaps his masterpiece, would be his series (or book) on “The Family,” which is perhaps his most popular series as it brings together all his sub-topics (from his other books and videos) into his main thesis. This is critically important information for all of us to learn. Mr. Bradshaw had the unique, wonderful ability to draw from different disciplines, including religion from his seminary days, to bring together disparate concepts and advice in a literate, holistic meaningful “sermon” of Inspiration and Hope. I think you’ll like his authentic, powerful talks; he was a gifted speaker who spoke from History—and Personal Experience. Good Luck to you.

“We are all just walking each other home.”

Ram Dass (Richard Alpert, former Harvard professor, spiritual advisor, author, et al)
 

 

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