Midweek Midnight Musing.
In the last few years, I have been privileged to get interest free loans from family and friends (F&F), at the times when I needed it- for most I document, and pay back in due time or plead for an extension when I know I cant meet the refund timeline.
On the flip side, I have equally loaned to some other F&F, and the experience is best described as- The Good🙂, The bad😎 and The downright ugly experience😵
The Good🙂, paid back as promised.
The Bad😎 have not paid back, nor do they even call to ask or plead for extending time to pay back - but are quick to make emotional excuses and promise to pay only when you remind them
As for "The downright Ugly" 😵 - at least two persons so far have disappeared with money loaned them, - they have changed phone numbers and gone completely incommunicado and one has even left Nigeria "Nicodemusly"
Some say regardless of the amount requested or the person "don't loan anyone money, above that you can conveniently gift them or afford to lose"should they never pay back,CAUTION🚧 makes perfect sense ?- saves you from the bad and the ugly? though this philosophy colors you to see every borrower as " a potential bad & ugly "-maybe, just maybe - if you were the one on the borrowing side,you just might be a " bad & ugly" borrower ,hence you find safety in lending only what you can forgo aka "dash"? Am just asking not judging🤷♀!
The Truth.
Nobody gives you money for nothing, everyone that gives out money does so on the basis of an exchange of value, - This is true for a purchase, for an investment, or even for employment and certainly true for an interest free loan from or to family and friends (F&F).
If you are loaned money by family or friends,see it for what it truly is; an exchange of value: on the basis that they value and trust you to be true to your intentions to pay back and you equally value that relationship well enough to pay back what was loaned you (interest-free).
To those who have loaned and forgiven nor requested for pay back - indeed Blessed are you 🙏🏿
Psalm 37:21 ESV
The wicked borrows but does not pay back,but the righteous is generous & gives
Proverbs 22:7 says, “The rich rule over the poor, & the borrower is slave to the lender
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