Whenever I publish a new blog post, I first check what should be my focus keyword, and then check with my keyword tool if that keyword has a potential.
Today, I am writing outside my “standard operating procedure”, just writing random thoughts that come out of my tired mind.
I have spent the whole day traveling with my motorcycle, visiting friends and everyone I know who would possibly lend me money. I badly need cash for paying a bad loan that has come due.
Sad to say, nobody is willing to help.
Will you lend money to a friend if you know he’s just going to give the money to loan payment collectors?
I guess it would be easier for them to lend money if it is for hospitalization, but because they know it will just end in the hands of my loan sharks, my pleadings got into deaf ears.
But wait, how did I got into this trouble?
Pride Goeth Before Destruction
I am the poorest among our siblings, and even though I have a pharmacy business and an internet cafe on the adjacent side, all those businesses were established through borrowing.
How I wish I got started with a start-up capital that didn’t come from loans but rather from savings…
If only I knew right from the start that this will end up like this, I would have taken a job first and save enough money for my dream business.
But I got it wrong…
I started my business prematurely. I resigned from my job prematurely and started a business from borrowed money!
And as expected, if your seed money came from loans, you should be careful. You must make enough money to pay for the capital repayment plus the interest.
In a place like ours, the cost of acquiring capital is too high or expensive. Then the occasional problems I got, like my father’s recent stroke. As the only son living near my parents, I was tasked to tend to his needs while at the same time managing my business.
Sales are too low, and there were occasional misfortune with network marketing businesses that didn’t turn out well.
When you’re pinned down, sometimes you are tempted to venture in high potential but high in risk opportunities. I should not have taken them.
The Bulls And The Bills
Here’s a scenario…
A wandering man is about to cross a ranch when suddenly he was stopped by a sign saying, “If you want to cross this ranch, run fast as you can. You must cross this ranch in 9 seconds… because the bulls can do it in 10 seconds.”
There’s only a difference of 1 second if you fail to run that fast, you’ll be crushed. You’re finished.
That’s what happened to me. I got distracted and forgot to run fast.
No, it’s not the literal bulls that you see in Rodeo sports. The bulls that I am referring to are the Bills that I have to pay. They’re coming and whether you like it or not, you have to run fast as you can.
Electricity, water, utilities, phone bills, internet bills, credit card bills, etc.
The bills are piling up. You have to make money, not just money but big money, to cover all the payments.
And when you have loans to pay, bad loans specifically, you have to double your efforts or else, you’re dead.
The Bulls Have Overtaken Me!
The reality is, it’s more a sigh of relief to me than terror. Why?
They haven’t stepped on me yet. Instead, they have overtaken me.
I wasn’t crushed yet. A proof of that is, I’m still here blogging! (lol)
When we say overtake or overtook, they mean they went past me and are running fast ahead of me!
But the truth is, they will take the cue that they have missed their target and turn back 360 degrees to confront me. (Oh no!)
Like anyone who knows internet marketing, I operate an online business in my spare time while managing my traditional brick-and-mortar businesses. I have earnings with my online businesses, but unfortunately the earnings can’t be withdrawn yet.
I have to reach the payment thresholds before the money can be sent to me!
And now, the unthinkable happened. The bills have caught up with me, and I’m in danger now.
Failure I may seem, but I have not given up. I’m still fighting!
That’s life, sometimes you win, sometimes you learn (not lose).
Before all these disasters happen to me, I was already aware of what Robert Kiyosaki said as “financial literacy“. He said, you should invest more of your money in assets (things that put cash in your pocket), and less on liabilities (things that put money out of your pocket).
Although it may seem like an asset that I have put money in (businesses), but there are bad loans associated with them, all mixed up. That was an intentional deviation I have done just to show others that my pharmacy business has enough inventories. I borrowed at a very high interest rate just to show my business is still okay.
That’s probably the worst decision I’ve ever made, and until now I am still working my way to turn this tide for me.
Okay, that’s life. Sometimes you win, sometimes you learn. I learned the hard way that we should not disregard rules especially rules about money. Money is powerful, don’t let the power of money be used against you.