His family Went Bankrupt And Remained 40 Million in Debt, so He Became the Youngest Billionaire
Summary
TLDRTobe, a schoolboy addicted to video games, wins money through gaming and buys a car, much to his parents' dismay. Despite warnings to focus on studies, he continues his reckless spending, eventually investing in a chestnut business. His venture faces numerous obstacles, including rejection and debt, but through perseverance, he overcomes the odds. With the help of his butler and mother, Tobe grows his business, repays his family's debt, and becomes a successful entrepreneur. Ultimately, he transforms from a careless gamer to the youngest billionaire in the world.
Takeaways
- 🎮 Tobe, a schoolboy addicted to gaming, often plays video games during class and uses winnings from games to buy himself a new car.
- 🚗 Tobe's reckless spending and disregard for his education lead to tension with his parents, who are concerned about his future.
- 💸 Tobe's obsession with gaming continues into adulthood, and he struggles to get into a university, eventually paying his way into a private institution.
- 😡 After a series of bad financial decisions, including purchasing faulty DVDs, Tobe's father tries to teach him that business and life are serious.
- 🌰 Tobe becomes interested in the chestnut business, learns the techniques, and starts selling roasted chestnuts at a local mall.
- 📉 Tobe faces challenges in his chestnut business, including competition and logistical issues, but his determination leads him to expand the venture.
- 🖌️ Despite financial difficulties, Tobe tries to fix problems with his business, even going so far as to paint the ceiling of the mall after hours.
- 💔 Tobe's personal life suffers as his girlfriend breaks up with him, citing his lack of focus and hidden business activities.
- 🥢 After failing in the chestnut business, Tobe decides to try selling seaweed snacks, learning new techniques and improving his product.
- 💼 After persistence and setbacks, Tobe's seaweed business is approved by a major company, leading to financial success and eventually making him a billionaire.
Q & A
What is Tobe's initial relationship with studying and video games?
-Tobe is not good at studying and is addicted to video games, often playing them during class with his friends.
How does Tobe initially acquire money, and what does he do with it?
-Tobe wins money from playing video games and uses it to buy a brand-new car, which he brings to school, causing a commotion.
What happens when Tobe's parents find out about his gaming habits and new car?
-Tobe's father scolds him for wasting money and warns that they could go bankrupt. Tobe claims the money was his own from gaming, but his father insists he focus on his studies.
How does Tobe's addiction to gaming affect his university admission?
-Tobe doesn't get accepted into most public universities due to his poor academic performance but manages to get into a private university.
What business does Tobe start, and how does it begin?
-Tobe starts a chestnut business after learning about the process and techniques from different sources. He sets up a stall in a mall and works with his butler, Tuang.
What challenges does Tobe face in his chestnut business, and how does he handle them?
-Tobe faces competition and low sales. He struggles with promoting the stall, deals with location issues, and paints the ceiling himself to avoid cancellation of his contract.
How does Tobe transition from the chestnut business to his next venture?
-After facing setbacks with the chestnut business, Tobe decides to try selling fried seaweed, inspired by his girlfriend's homemade seaweed.
What obstacles does Tobe encounter when trying to get his seaweed product approved?
-Tobe struggles to get his seaweed product approved by the 7-Eleven director due to quality and pricing issues. After redesigning his product, he eventually succeeds in getting it approved.
How does Tobe overcome the financial challenges in scaling his seaweed business?
-Tobe sells his car and other assets to gather funds but still faces shortages. He rents a shop and works diligently to meet the GMP inspection requirements.
What is the ultimate outcome of Tobe's entrepreneurial efforts?
-Tobe pays off his family's debt and becomes a successful businessman. He expands his seaweed business globally and becomes the youngest billionaire in the world.
Outlines
🎮 Tobe’s Gaming Addiction and Reckless Spending
Tobe, an average student addicted to video games, wins money from gaming and uses a butler’s credit card to buy a new car. His teacher scolds him for his irresponsible behavior, worrying about his future. Despite the reprimand, Tobe flaunts his wealth, taking his girlfriend out in his new car. At home, his father warns him about the dangers of wasting money and insists Tobe focus on his studies, fearing bankruptcy if his behavior continues.
🎓 University Struggles and Failed Ventures
As Tobe grows older, his gaming addiction persists, and he fails to get accepted into most universities. He buys a PlayStation instead of taking education seriously. After a failed attempt to sell DVDs, Tobe resorts to desperate measures like pawning his father's amulet. He continues to skip classes and focuses more on finding quick money-making schemes, such as buying an expensive chestnut-making machine. Despite learning the chestnut trade, his father remains skeptical of Tobe’s business ventures.
🍲 Chestnut Business and Early Struggles
Tobe and his butler, Tuang, set up a chestnut stand in a mall but face slow business. Tobe learns from competitors and strives to improve sales by being more vocal and persistent. Despite his girlfriend’s concerns about his future, Tobe remains determined to expand the chestnut business. However, his over-ambition causes issues, including smoke damage in the mall, and he faces setbacks as his girlfriend leaves him, worried about his lack of direction.
Mindmap
Keywords
💡Gaming Addiction
💡Merits
💡Business Ventures
💡Family Expectations
💡Debt
💡School Failure
💡Entrepreneurship
💡Girlfriend
💡Seaweed Business
💡Rejection
Highlights
Tobe, an average school boy, is addicted to video games and even plays during class.
Tobe wins money from gaming and uses a stolen credit card to buy a brand new car.
Tobe tries to bribe his school by offering to pay for a new neon sign, but the teacher refuses.
Tobe's father scolds him for buying a car and warns him that they could go bankrupt due to his spending.
Tobe struggles with university admissions but remains focused on gaming, even buying a PlayStation after not being accepted.
Tobe's gaming account gets deleted, leading him to a failed business venture involving DVDs, causing further frustration.
He impulsively buys an expensive chestnut machine from Japan, thinking it will help him start a business.
Tobe researches chestnut roasting techniques and impresses his family with his chestnut skills.
Despite his initial business struggles, Tobe opens a chestnut stall in a mall, but struggles with low sales.
Tobe’s girlfriend breaks up with him because she feels he’s too focused on business and not their relationship.
Tobe gets into trouble with the mall due to smoke damage from his chestnut stall, but he manages to repaint the ceiling.
Tobe's family plans to move to China due to debt, but he decides to stay and continue his business.
Tobe starts a new business frying and selling seaweed, but struggles to secure funding and resources.
Despite many setbacks, Tobe finally gets approval to sell his seaweed product in 7-Eleven stores across 3000 branches.
Two years later, Tobe has paid off his family’s debt and is now a young billionaire with a successful global business.
Transcripts
tobe is an average school boy who is not good at studying but is addicted to computer games
he and his friends even keep playing video games in the middle of the class
He wins money from games and helps himself with it
he takes a credit card from their old butler and connects it with his game
when he wins a lot of money.
he takes this money and goes to buy
himself a brand new car
when he brings the car to a school he
gets called to the office
his teacher wants to call his parents
but he says that instead of calling his
parents they can cut his merits to which
his teacher says that he doesn't even
have enough merits he doesn't accept his
defeat and says that he will pay for the
new neon sign school but his teacher
says that he cannot bribe the school and
he gets very upset with tobe saying that
why can't he be like his siblings and
graduate like a good student
his teacher says that he is worried
about how he is going to make a living
for himself and lets him go after a
little more scolding when he comes back
outside all the students are gathered
around his car looking at it in
amazement
he ignores them and takes his girlfriend
with him and buys her food while they
drive around the town in a new car
he comes home very late parks the car
outside and asks his butler to bring it
inside while he tries to sneak in
without waking his parents
butler doesn't know much about cars and
accidentally set the alarm startling him
when he goes inside his parents are
waiting for him near the stairs
his dad scolds him for coming home this
late and also for buying a car
he says that if tobe continues to waste
money like that they will go bankrupt
soon
tobe says that it was his money that he
earned from online gaming but his dad
says that he should study seriously or
be ready for consequences and goes away
his mother says to him that they only
want him to study properly and says that
he should not worry them too much
she also goes away
his gaming addiction didn't stop over
the years and it is time for him to go
to university
he doesn't get accepted in most public
universities
he still doesn't get serious and goes to
buy a playstation and a dvd player to
continue gaming
when he gets back home after buying it
his parents are there they ask him about
his university admission he says that he
got accepted into a private university
and it is not even that expensive
his father says that he should go to
community college because he is not
going to study and they will not waste
money on him
tobe says that he has money and he will
pay for himself
his mother goes after his father and
tries to convince him to let tobe go to
a private university while his parents
argue he goes to his room to play video
games only to discover that his account
has been deleted
he goes to the electronic shop again and
buys many dvds at a discount when he
goes home and tries to show dvd players
to his parents one of them breaks before
he even sells one or uses it the
shopkeeper says that the dvds have no
warranty or exchange policy that's why
they are so cheap and tope should have
known it as it is common knowledge and
he asks him to throw it all away
in his anger he breaks a mirror table in
the shop the shopkeeper slaps him but he
runs away before he gets more beaten up
on his way back home he offers his
father a ride home
his father tells him that doing business
is no joke he says that it is how life
works
he gives some money to tobe so he can
study anywhere he wants but when tob
says that he is not one of his employees
his father takes the money back
he takes his dad's amulet from his house
puts it on pawn in a shop and takes a
hundred thousand as a return
he goes to school with that money
in school he doesn't get very serious
again and keeps skipping classes
he goes to the auditorium and sees his
girlfriend and other people practicing
for a drama
she comes to him after rehearsal but
refuses to go out with him as she has
her classes and later rehearsal for her
drama
he goes to a market where there are
different kinds of machines being sold
and there is free food to try the food
the machines are making
he interestingly listens to a person
explaining the qualities of chestnut
making machines he says that it is the
first one in the whole country and they
have imported it from japan
tobe takes great interest in it and buys
it even though it was expensive saying
that as he will be the first one to have
it it will be great for him
when he comes back home his father gets
angry and says that he can buy it much
cheaper at weekend markets than the
money tobe just rented it for the next
day after school he goes to an old man
selling chestnuts and asks him about the
process and all the techniques for
chestnuts he continues his research and
goes to different people to gather
information
he applies all these techniques at home
trying to make the best chestnuts when
he makes his first badge he makes his
butler try it then he goes to his mother
who says that it is very delicious
when his father is in the meeting with a
friend they keep eating chestnuts
his friend asks where he gets them from
because they are delicious and he says
that tobe is roasting them and his
friend says that his son is very
hard-working
in a mall he buys a spot to set up his
chestnut stand
there are a lot of other shops near the
corner selling different kinds of
eatables
he and his butler tuang worked together
on the first day
tobe asks why they sell so little
the old man says that he cannot yell as
loudly as another seller because he is
not that energetic anymore tobe says
that they have to sell it and for that
they have been loud and repetitive
they kept their voices loud this time
calling people over with their voices
and hand signals he goes to a local
market for clothes and there he meets
his girlfriend and they talk for a while
when she tells him that she doesn't get
paid for her acting he gets pissed and
says that this is unfair
when he is talking to her he gets a
phone call from his butler
the old man tells him that business is
not good today and all the other shops
are packed around them when he comes
back she gets suspicious and asks him
whom he was talking to but he says that
it was only tuang and she doesn't have
to worry about anything
tobe sees people getting donations and
gets an idea from that
tobe comes back and asks to move his
stall but they refuse to say that he
cannot move it
he tries to say that he will leave it
but they say that he can leave but he
will get no refund because it was
written in the contract the manager says
that after the end of the month there
will be a free spot and if he wants to
move there he will have to sign the
contract now
the manager says that it is a prime
location and he will earn his rental
back in no time
tobe is in the class taking his exam
when his phone keeps ringing in his back
at first he doesn't pay it any mind but
after a while he stands up and takes out
his phone
his teacher says that if he picks up his
phone she will report him for cheating
he thinks for a while and then takes his
bag and phone and walks out of the
classroom
after listening to the call he quickly
comes to the mall with a bag of
chestnuts and is very happy to see a lot
of people in his stall on their first
day he says to the old man that they
should open more branches but he says to
slow down but tobe is determined and he
opens another stall soon
at his new branch his girlfriend meets
him and says that they aren't dating
anymore because she doesn't know
anything about him and someone else told
her about his business
she says that she is worried about his
future
he calls his friend who told her but his
friend says that she was thinking tobe
was cheating on her so that's why he has
to tell her at the mall the manager says
that his stall is causing damage because
the smoke is turning the ceiling yellow
and if he doesn't have any way to fix it
they will have to cancel his contract
tobe says that he will fix it
he with the help of old man tuang paints
the ceiling himself
they ask him to paint after the mall
closes so the customers are not
disturbed
at night he paints the ceiling with the
help of his mother
he is left with a little portion when
security comes and asks him to leave
because his time is over
tobe asks for little time but no use and
he gives little money to the security
guard but the officer returns his money
and asks his mother to discipline her
son by asking them to leave with all
their belongings his mother says that he
should apply for a passport tomorrow but
he is determined to fix the problem and
says that he has time and will fix this
in the morning but his mother says that
they are moving to china at the end for
his siblings because they are in a lot
of debt
he gets very angry and says that he
doesn't know anything about this when he
is part of the family he angrily asks
his mother about how much debt they are
in
he says that his chestnut business is
doing well and he can pay their debt
his mother just keeps crying and tells
him to come with them so they can be
together at least
when he is getting his pictures taken at
the passport office he gets out in the
middle and says to his parents that he
will live here and study
he says to his father that he is ready
to be his employee so he can give him
money now to study
his parents go to china without him at
the airport his father advises him to
leave chestnuts and go to school
he comes back to the mall the next
morning to complete painting the ceiling
but the manager says that they cannot
let him keep his stalls and he has to
take every branch out he is laying in
his house side when he sees some ladies
reading something on his door when he
goes out and sees what is it he is
disappointed to see that it is a
bankruptcy notice from the court
he takes it from the door and throws it
in the trash can
he meets his girlfriend when he is
roaming in the market he quickly hugs
her and starts crying
she says that he should leave the
chestnut business and go to school and
she will help him
he agrees with her
they sit in the car and eat fried
seaweed that she had brought from her
house
from there he gets the idea to try
seaweeds as his next venture
he goes to the bank to apply for a loan
at first the person says that he cannot
get a loan because they already have a
lot of loan applications but when he
begs to hear a story the manager says
that he only has one chance to convince
him
tobe tells the man his whole story
he even shows the scar that he got from
trying to fry seaweed
he tells the man further that he brought
a lot of seaweed but unfortunately it
went stale he says that he went to a
food and nutrition university told his
story there and got some useful
information like vacuum packing to avoid
stalling from there after coming back
from the bank he buys a lot of seaweed
and he and tuong start frying it to find
the best condition
he continues his story further
tuong checks the seaweed and tries again
and again with different techniques to
get the perfect seaweed
tuang says that they need to buy more
seaweed as they are not quite there yet
tobe promises to buy more and sells his
computers and other old gadgets to do so
tuong is discouraged and says he doesn't
want to do it anymore because they've
already squandered so much money but
tobe says they can't give up and that
once they get it right they'll make the
money back in no time
he gets a call from his girlfriend
reminding him that it is their last day
of registration
as a result he arrives on time and
registers for his classes he comes back
at night with the boxes of seaweed when
it is raining outside
he calls tuang to ask him to fry more
seaweed but gets no response
when he goes back to search for tuang he
finds him lying there unconscious and
bleeding from the head tobe brings his
uncle to the hospital and sits in the
waiting area holding a packet and
waiting for any news
luckily tuong is fine and will be
discharged in a few days
he makes tuong check the seaweeds he
fried
luckily he says that this time they are
good enough and they can sell them they
started their business again and started
selling seaweed which surprisingly
started on a good note tobe's mother
calls him to say happy birthday to him
she says that his father wants to talk
to him
his father says that he should study
hard so they can call him to china next
semester
he says that he already bought his
tickets and will send them to him
tobe forces his father to tell him the
truth about debt
his father hesitates at first but
finally tells
on top of that they have to pay 40
million leaving him in total shock
when he comes back he finds another
notice on his house
he doesn't know what else to do and
keeps wandering in the neighborhood
sadly all the time he is listening to
different speakers on the radio but
doesn't get any useful information
finally he finds out about a company
called 711 that buys and sells products
all over the country
he goes there with his seaweed and waits
for his name to be called
he even practiced his speech in the
bathroom but he forgets to give his name
at reception
when the director comes she tells him to
leave his product as she will have to go
into the meeting in 10 minutes
he says that 10 minutes are fine but he
wants to present his product but
unfortunately the director doesn't like
his product saying that it has several
faults and is even expensive for them
but before she goes away she tells him
that most selling starts in urban areas
and then moves to big cities when he
gets back his girlfriend is waiting for
him
she asks why he doesn't say anything to
her and says she will help him with
anything
but he gets angry and fights with her
he leaves his girlfriend standing
outside and locks the door after going
inside
he goes inside and lays with tuang he
starts crying saying that he is a jerk
as he fights with his girlfriend while
she was just trying to help
tuong says that he should not get
disappointed and that everything will be
fine soon
in the morning he goes and gets his
packages redesigned
he goes to the 7-eleven again but can't
meet the director even after waiting for
a whole day
he gets very disappointed and gives all
his seaweed to a security guard on his
way back
outside the company he sits at a bus
stop and calls his mom
he says that nothing is working for him
and his product keeps getting rejected
in the company his seaweed is spread all
around the office and everyone likes it
very much
soon he gets called by the company he is
ecstatic to know that his product is
approved they said that he would have to
deliver his product to their 3000
branches
the director instructs him on how to
complete his delivery and says that his
product will be delivered after he
passes the gmp inspection
he needs a lot of money to complete his
first order
at the bank they still refuse to give
him a loan because he is so young
he sells his car and gets some money
from that but he couldn't get the
supplies because they wanted more money
soon
he is worried that they may not succeed
this time but tuong says nobody knows
what will happen next and they should
not lose hope they rent a shop and
prepare it to set up a seaweed shop
soon they will have a gmp inspection
his uncle says that he can bribe them
but tobs wants to do it properly this
time
they have some complaints about
cleanliness but they don't make any
decisions immediately and say that they
will fax in their decision later
he will fix all the problems in the
factory soon
when he gets the facts he is ecstatic to
know that they have passed the
inspection
when they deliver packages for the first
time tobe is very afraid but tuong
assures him that everything will be fine
even though they are an hour late after
so much begging they let him deliver his
packages
two years later he has paid his parents
debt and now lives with them in their
old house
his business is expanding all over the
world and he is now the youngest
billionaire in the world thanks for
watching
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