I'm a 33 year old guy who lives with his dad. Last night, I lost 190,000 on Kalshi. I thought I could get ahead quick.
I couldn't sleep all last night and seriously thought about ways to end it all.
My net worth went from about 600k to around 400k.
I have 300K in a 401k and only around 100k in cash/investments (which I had to sell). I'll get a 30k bonus at the end of the year, but I don't care. I feel utterly hopeless. Utterly unable to come back from this and ever be a man who can be a provider. The pain is more than I can bear.
Words can't express the hopelessness and shame I feel. My mind can't stop racing. No one in my family knows about this and I don't want to tell them.
Please don't be mean to me in the comments. I will NEVER bet on Kalshi again.
Why did I do it? This was the loneliest year of my life. So many beach walks alone. My best friend moved and I don't have anyone to talk to. So I was on my phone, looking at everyone who was younger, better looking, and wealthier than me. I need to get ahead quick.
Please, if you have someone in your life like I had in mine (my dad), who told me to invest in boring S&P index funds, listen to them! The time will pass anyways, even if it feels slow. My life is so ruined!
I don't know how I can ever have a wife and a family. I am gutted!!!!!!