By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
What's The JamWhat's The Jam
  • Home
  • Latest News
    • UK News
    • World News
  • Super ViralHot
  • Lifestyle
    • Health and Fitness
    • Photography
    • Property
  • Humor
  • Celebrity
  • Weird
  • Videos
  • All Topics
    • Babies and Kids
    • Celebrity
    • Comedy and Humor
    • Documentary and Reportage
    • Fails
    • Health and Fitness
    • Holidays and Travel
    • Influencers and Models
    • Latest Videos
    • Life Hacks
    • Lifestyle
    • Nature and Wildlife
    • Pets and Animals
    • Photography
    • Property
    • Real Life
    • Sport
    • Strange and Bizarre
    • Super Viral
    • UK News
    • World News
Search
  • Health and Fitness
  • Holidays and Travel
  • Nature and Wildlife
  • Pets and Animals
  • Photography
  • Babies and Kids
  • Comedy and Humor
  • Fails
  • Real Life
  • Strange and Bizarre
  • Submit News
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Who Are We
  • Privacy
  • Terms
  • Write For Us
  • Advertise
  • Contact
© 2023 What's The Jam. All Rights Reserved.
Reading: ‘I blew £60,000 on luxury clothes, high roller gambling and a £230 PEN to impress colleagues – so I went on a debt diet’
Share
Notification Show More
Aa
What's The JamWhat's The Jam
Aa
  • News
  • World
  • Viral
  • Funny
  • Weird
  • Celebrity
  • DIY
  • Lifestyle
  • Sport
  • Videos
Search
  • Home
    • News
    • World
    • Super Viral
    • Videos
  • All Topics
    • Babies and Kids
    • Celebrity
    • Comedy and Humor
    • Documentary and Reportage
    • Fails
    • Health and Fitness
    • Holidays and Travel
    • Influencers and Models
    • Life Hacks
    • Lifestyle
    • Nature and Wildlife
    • Pets and Animals
    • Photography
    • Property
    • Real Life
    • Sport
    • Strange and Bizarre
  • Quick Links
    • Customize Interests
    • Bookmarks
    • Privacy Policy
    • Terms of use
    • Write For Us
    • Advertise
    • Contact
Have an existing account? Sign In
Follow US
  • Privacy
  • Terms
  • Write For Us
  • Advertise
  • Contact
© 2023 What's The Jam. All Rights Reserved.
Shallum Mas blew £60k on luxury goods and gambling before spiralling into £58k debt – but turned his life around with strict budgeting, sacrifices and a debt diet.
Real Life

‘I blew £60,000 on luxury clothes, high roller gambling and a £230 PEN to impress colleagues – so I went on a debt diet’

Paige Oldfield
Last updated: 2025/09/12 at 3:32 PM
Paige Oldfield
Share
7 Min Read
Shallum Mas. (Jam Press/Shallum Mas)
SHARE

A man who blew a whopping £60,000 on luxury clothes, high stakes gambling and a £230 pen to impress his colleagues has revealed how he went on a ‘debt diet’.

Shallum Mas had to claw his way back from the brink of financial ruin.

His life may have looked luxurious from the outside, but behind the scenes, the 40-year-old’s addiction to gambling and keeping up a facade almost ruined him.

READ MORE: Single woman is bridesmaid nine times… but never the bride

- Advertisement -

He would often splash a stomach-churning £5,800 per bet while with his high-rolling friends, and once lost £17,300 in one go.

Shallum found himself living paycheque to paycheque, with every dollar already spoken for before it even landed in his account.

“By the time payday came around, most of it was already gone,” he told What’s The Jam.

Shallum Mas blew £60k on luxury goods and gambling before spiralling into £58k debt – but turned his life around with strict budgeting, sacrifices and a debt diet.
Shallum Mas. (Jam Press/Shallum Mas)

“It felt like I was trapped in a loop.

“Nights were restless and days were anxious.

- Advertisement -

“Every small expense felt like a mountain I wasn’t able to climb.

“I was working tirelessly so that I could pay the minimum on my credit card debt.

“And hoped I wouldn’t fall further behind because there was no room for anything else.”

- Advertisement -

It all started when Shallum began his career in banking at 26, earning around 0,000 (SGD) (£40,000) per year.

Shallum Mas blew £60k on luxury goods and gambling before spiralling into £58k debt – but turned his life around with strict budgeting, sacrifices and a debt diet.
Shallum Mas. (Jam Press/Shallum Mas)

Surrounded by colleagues flashing luxury goods, he felt the pressure to keep up.

He bought pricey items, such as a 00 (SGD) (£230) Montblanc pen and a 4,000 (SGD) (£13,900) Ducati motorbike.

The parties, clubbing and thrill of showing off quickly turned dark.

He said: “Everyone around me had the flashy stuff.

“The moment I bought something new, I felt a rush.

“But it only lasted until my colleagues had the next thing.

“I thought having these luxury items would make people accept me, but the happiness vanished as soon as I showed them off, and I was back to square one.

Shallum Mas blew £60k on luxury goods and gambling before spiralling into £58k debt – but turned his life around with strict budgeting, sacrifices and a debt diet.
Shallum Mas on a shopping spree. (Jam Press/Shallum Mas)

“It wasn’t even about enjoying the stuff anymore – it was about proving I could afford it, even when I really couldn’t.”

His debts quickly spiralled to an amount 00,000 (SGD) (£58,000), leaving him with maxed-out credit cards, sleepless nights, constant stress and even high blood pressure.

In a desperate attempt to claw some of his money back, he turned to gambling up to four times a week.

Shallum said: “The more I lost, the more I thought I had to keep playing to win it back.

“It became a vicious circle.

“I thought if I just played a little more, I could make some of the money back.

“Gambling became a habit – I did it almost without thinking, just because it was there.

(Jam Press/Shallum Mas)

“Sometimes I won a bit, sometimes I lost, but I kept going, hoping the next game would change everything.”

Unlike many who end up in the grip of debt, Shallum, who now works as a broker, pulled himself back by restructuring his life.

He took out a three-year bank loan at just two per cent interest to pay off his “crippling” financial turmoil.

A 00,000 (SGD) (£290,000) flat he wanted to purchase became his focus, and he cut back on every luxury; quitting gambling, designer splurges and even cigarettes.

Shallum, from Singapore, sold his beloved motorbike for 8,000 (SGD) (£16,200), borrowed cash from a close friend and started bringing food from home for lunch instead of spending 50 (SGD) (£145) a week.

Shallum Mas blew £60k on luxury goods and gambling before spiralling into £58k debt – but turned his life around with strict budgeting, sacrifices and a debt diet.
Shallum Mas. (Jam Press/Shallum Mas)

He said: “It wasn’t easy, but I knew I had to take control.

“Every dollar I saved brought me one step closer to freedom.

“Selling the bike and cutting back hurt at first, but it was worth it to finally feel like I was winning back my life.

“I had to be strict with myself.

“It was all about priorities – pay off the debt first, then everything else could follow.

“For the first time in years, I felt like I had a plan, and I wasn’t living paycheque-to-paycheque anymore.”

With his £3,000 per month salary, he used half to chip away at the debt.

And within three years, it was completely cleared.

Now he owns a .8m (SGD) (£1.03m) property.

Shallum Mas blew £60k on luxury goods and gambling before spiralling into £58k debt – but turned his life around with strict budgeting, sacrifices and a debt diet.
Shallum Mas. (Jam Press/Shallum Mas)

He added: “It was such a relief to go back to having a normal life.

“I could finally breathe and think about the future again.

“Clearing the debt wasn’t just about money – it was about taking my life back.

“I learned that no problem is too big if you face it head-on and stick to a plan.

“There’s always a solution, and it’s never the end of the world.

“The urge to gamble is still there once in a while, but I resist and tell myself it’s not worth it and find something more valuable to do.

“You just have to take a step back, face it and start again.

“That’s what I did, and it can be done.”

READ MORE: Dishy Jesuit influencer dumps priesthood to wed Catholic social media star

Have a story to tell? Hello@whatsthejam.com
TAGGED: Gambling, Lifestyle, Luxury, Money, saving money, shocking, Video

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Food critic Carmie Sellitto compared Harrods’ £16 fried chicken to KFC’s £5 popcorn chicken – declaring Harrods the winner with a 9.5/10 score after a taste test. ‘I put £16 Harrods chicken to the test against KFC and couldn’t believe the result’
Next Article Circus performer Marylee Whitlock, 28, stunned cruise guests after slipping from a pole stunt and crashing to the floor – but escaped serious injury thanks to her training. Shocking moment circus performer lands on head during pole stunt
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
136k Subscribers Subscribe
4.4k Followers Follow
- Advertisement -
Ad imageAd image

Latest News

YouTuber Niko Omilana has laughed off being left out on Celebrity Traitors, turning his awkward castle experience into a comedy skit after being the second contestant banished.
‘Lonely’ Celebrity Traitors star laughs off being left out by co-stars as fans demand he receive ‘justice’
Celebrity 17 October 2025
Jack Grealish was spotted at McGettigan’s Irish bar in Dubai after being left out of England’s squad, relaxing with fans as the Three Lions secured their World Cup qualification.
Jack Grealish spotted in Irish bar in Dubai after England secure World Cup spot
Sport 17 October 2025
A couple who spent two years travelling Australia in a 1966 double-decker bus have listed their luxury mobile home for £62,000 after transforming it into a vintage masterpiece.
Scottish couple selling unique double-decker bus home after two years of travel
World News 17 October 2025
Influencer James Patrick Ellingworth nearly vomited after eating the world’s stinkiest tofu, calling it the “worst thing ever,” even worse than the infamous Surströmming fish.
Influencer nearly gags on camera trying TOFU that is ‘worst thing’ that’s ‘ever graced’ his mouth
Super Viral 17 October 2025

You Might also Like

YouTuber Niko Omilana has laughed off being left out on Celebrity Traitors, turning his awkward castle experience into a comedy skit after being the second contestant banished.
Celebrity

‘Lonely’ Celebrity Traitors star laughs off being left out by co-stars as fans demand he receive ‘justice’

17 October 2025
A couple who spent two years travelling Australia in a 1966 double-decker bus have listed their luxury mobile home for £62,000 after transforming it into a vintage masterpiece.
World News

Scottish couple selling unique double-decker bus home after two years of travel

17 October 2025
Influencer James Patrick Ellingworth nearly vomited after eating the world’s stinkiest tofu, calling it the “worst thing ever,” even worse than the infamous Surströmming fish.
Super Viral

Influencer nearly gags on camera trying TOFU that is ‘worst thing’ that’s ‘ever graced’ his mouth

17 October 2025
Teacher and travel lover Lucy shared a 99p hack using contact lens cases to store liquids, saving hundreds on flights by avoiding travel minis and checked luggage fees.
Life Hacks

Travel-loving teacher shares ‘genius’ 99p travel hack that has saved her hundreds of pounds on flights

17 October 2025
Simon Cowell has offered £1,000 and a business deal to anyone who can find Pizzaland’s lost margarita recipe, hoping to revive his favourite pizza from the defunct chain.
Celebrity

Simon Cowell partners with fan who unearthed Pizzaland recipe

17 October 2025
A ghostly figure believed to be the Grey Lady of Longleat House was caught on camera in Wiltshire’s Wolf Wood, sparking intrigue ahead of the estate’s autumn ghost tours.
Strange and Bizarre

Ghost who haunts ancient home caught on camera

17 October 2025
Ryder Cup legend Justin Rose has hinted at buying his beloved Aldershot Town and wants Luke Donald as manager after Tommy Widdrington’s sudden resignation from the club.
UK News

Ryder Cup hero Justin Rose ‘to buy’ non-league Aldershot Town…and bring in Luke Donald as manager

17 October 2025
Tourists were stunned when firefighters removed a 16ft anaconda hiding under pool steps at a Brazil resort, using tools to free and safely release the massive snake.
World News

Five people have to carry away huge 16ft anaconda at busy tourist spot

17 October 2025
//

What’s The Jam is your one stop website for the latest viral and weird news from around the world.

 
Have a story to tell? Hello@whatsthejam.com

Quick Link

  • Customize Interests
  • Bookmarks
  • Write for Us
  • Newsletter
  • About Us

Top Categories

  • UK News
  • World News
  • Latest Videos
  • Lifestyle
  • Super Viral

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

What's The JamWhat's The Jam
Follow US
© 2023 What's The Jam. All Rights Reserved.
Go to mobile version
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?