This article was inspired by an unpleasant experience I had with a client recently. My job involves taking a few risks to ensure I meet (or at least attempt to meet) my target as a marketer (risks in this context refers to granting some credit to clients). This had to be one of the first issues I will be addressing as a blogger because it absolutely irks me when people don’t live up to their financial obligations. I have observed over time that many people have no regard for keeping their word, especially when it comes to money. You are quick to borrow and would almost swear on your mother’s life just to get some credit, yet when it comes to redeeming that pledge to pay, something suddenly happens to your phone, or you suddenly start having endless meetings with imaginary people where you can’t pick your calls. So, this particular client who has mastered the art of sweet talking his way into getting his job done, conveniently “forgets” to leave the cheque he has purportedly written for his secretary when he is going out, or starts to regale you with sorry tales of how he is being owed by his client too, would literally beg to get his work done only to start playing the hide and seek game when it is time to fulfill his own end of the bargain. I keep wondering why certain people do this! Ever heard the saying “Your word is your bond?” Whether you are taking a personal loan from your best friend or a corporate form of credit facility it behoves you to payback as promised. Before asking for a loan or credit at all, you should have considered and been sure of the source of refund, and if for any reason there will be a delay in payment, you should let your creditor know immediately, without them having to pull some Tom and Jerry stunts on you. This stands you out as a person of integrity,especially when you payback before the due date, and will most certainly guarantee that you are extended a helping hand the next time you need it.
Personally, my orientation from childhood has been to avoid borrowing as much as possible and I have strived to live by this. I have a father who never gave me or any of my siblings money in bulk, because he felt it would help us learn to manage what we had (and it worked!). We were constantly told we were not exactly swimming in wealth and should learn to live within what we were given and even save a part of it. However, on the very few occasions I have absolutely had to borrow, I make sure to keep my word and possibly payback before the agreed date. Some debtors are even silent on the matter, hoping their creditor would forget after some time. Who does that?! Many people are in debt because of the habit of living above their means,(even though many others have legitimate reasons for owing).
This is particularly true for this generation, we are under constant pressure from the society to appear to be successful. When you earn N50,000 and you want to live up to the standard of the one who earns N100,000 assuming you both are in the exact same circumstance, are you not asking for trouble? At the end of the day, the person who wants to live to keep up an appearance ends up in debt simply because of greed and indiscipline. Even, the holy book says “the borrower is servant to the lender”. He that has ears let him hear.