Last week, someone borrowed 15k from me. She's my friend when I was in grade 4 up until now, that's why I trusted her so much. She said it was for her tuition and I believe her. But guess what happened? I didn't get my money back. She just disappeared, and when I ask her neighbors they said they already moved into another province. I can't even contact her, nor search her name. I can't find her account everywhere. What a nice experience. I felt like I lost everything.
It is in our blood that when we see someone in need or need, we help more than a child, especially family or close friends, when you help them especially in times of need, you are the one they thank you for. But it is different when you have nothing or you have enough, you just have to create a budget and you still lend
In this blog we are going to talk about what you will need to know before you lend money and borrow money. This is important to know because it is one of the factors that can affect your future success or demise and your relationship. Let us talk about it.
This title is for those who have already borrowed and have just fled.
Check the fact, it really happens. And only those who intend to lend. It is also for those who act very sympathetically and easily in the drama of others. And those who are not told to be stingy. Before withdrawing your remaining funds, answer these questions first.
(When a creature is indebted to you, ask them first).
Borrow or not?
There is a saying that "most of the money owed never returns to the previous owner." You haven't heard it yet because I will, but it's a real thing. Before I beg you, suck everyone's intellect and think, analyze it carefully and at that moment if you lend it, it will come back to you or not. First, it is good to know if the person has at least one job or is able to pay. If someone can't repay it, they won't take a loan from you, but there is always a discount. All you can say is that you will borrow, but it is not going to come back.
So straight to the point where you are. Ask him face to face. "What? Are you in debt or are you asking for it?" Because if it is DEBT and it will not return to you, especially if the amount is large. Without a doubt, your long-term relationship or friendship will suddenly disappear and you will no longer notice it. But if you know how to ASK, it will be delicious inside and nothing will happen because they asked for it.
There is no waiting with a return. You will know immediately if it is. It is DEBT or DEMAND because I will not lend a money if they do not approach. Diba?
This is another question you have to ask:
how do you spend your money?
Borrowers usually tell you where to use it. But as before, collect all his explanations to see if his reason is correct or if he is honest with what he says about why he borrows.
For example, if you know you just want to roam Boracay, you just want to date. I need a new bag and a new phone model. To make matters worse, because of his vices ... a friend or someone near you gave it to you, he is unhappy, he is approaching a real friend.
But if you know it's really urgent and he needs it. Well, I'm going to help, but first listen to Mommy. Read the number 3 first, before you withdraw money.
It is good to know whether the borrower is using it because he runs a business or buys an asset, which gives him more resources to briefly develop. When you hear this, it is easy to help. However, you should be clear where he uses what you hit.
(You need to ask another thing, but yourself)
Can you live if you lend money?
There are no people that you can give your trust. Even in a difficult situations, you can still get a loan. Even if you are single and have no means of livelihood or if you do not need to give to your loved ones, why not go ahead and give as much as you can. You can't eat or fast for a few days, you can save even a little bit of water and food. Loan debt is fine.
But if all you have to do is buy food for your family or tuition, you'll have to pay less for electricity, water, building or your family's needs. That was another conversation. Make them a priority and hey you! And not the other person. Remember, other people are not your billing! I repeat this, you are not their duty .. feed yourself! Don't say yes to it first and it will hurt you. Check out my blog post and you will always know the bad consequences of saying yes.
You can lend as much as you want, but first you need to be financially wealthy so that you do not affect the needs of your people.
If your investment is at risk, you may have a profit or loss. Debt worsens. First, because there is no profit (unless you become a loan company or 5/6). Second, you can lose 100% of it. My only point is that there is no guarantee that someone will come back to you after you have given the loan. So ask yourself and answer. If you lend, will you survive? If not, I think he can lend it instead of lending it first, so bring him closer instead. This is not for you right now.
Last question for yourself:
Can you tell them to pay?
There are people who are good at borrowing when they need, but when you go upstairs it seems like the former is slowly disappearing. But you are a good borrower, but you don't let them pay back everything you have. But maybe you did something wrong, maybe you're not getting close. This seems to be a weak point for lenders, especially non-contradictory ones. Fees. The reason I see it is that you don't want to be fair, greedy or tamper with. First of all, you talked about when he was going to pay. If it has a due date, you need to return the money for which you worked, right? So respect Dude, don't get me wrong.
If you are an animal that feels bad when billing enters your brain, then this debt is not for you. Do not do this. Sharing or borrowing with them on how to get moral help or extra money advises him/her to allocate his emergency fund so that it does not happen again.
MY THOUGHTS ABOUT LOANS
We all know that this may not be the case with funding. So we are open to withdrawing money to help our neighbors because we went through that one day. I hope, however, that you also remember your own well-being and your family. Yung for survival and want. If you have too much of it, you can come forward, but it has to be against your will so that, in the worst case, the temporary one you have lost cannot return. When you're ready to lose it forever. It really is a risk.
Before you start your mortgage career, you may want to first get rich to achieve financial stability or increase your chances of helping others. We have the idea of millionaires and millionaires. It's not necessarily money to get rich here first and give it to others. Because if we just lend money, they won't know and I'm sure they will always borrow.
very difficult situation :(