Debts

I’ve written in my blog before about how I’m taking on other people’s debt in order to help them out. When I took those debts, I was under the assumption that it would help them in their daily lives. As it stands, my helping them hasn’t changed a thing. They are still in the same boat but now they’ve brought me onboard with them. I have just over two months to get myself out of this mess and it doesn’t look like anyone of those people are going to help me out. In my time of need, some of them are willing to help me but aren’t able to. I don’t know if the others are willing though. I’m very disappointed at them for doing this.

In today’s world, a little bit of money goes a long way if you know what to do with it. In an ideal world, no one would have to worry about their finances because all of that would be taken care of but today’s world isn’t an ideal world. We live in a dog-eat-dog world where people will sue each other for everything. If you so much as look at them the wrong way, you’ll be sued. There are a lot of greedy people out there who wants more and more. If they want something that they can’t have, they’ll find a way to get what they want.

Money causes more problems than it solves. I’m trying to help out some friends by taking over some of their financial debts but I’m causing a problem for myself. If I hadn’t taken on their debts, I would have $10,000 in my bank account by now. I don’t miss all that money but right now, I wish I had it because it doesn’t look like everyone will be able to repay by the end of the year. I don’t quite understand how they can’t pay me back since I’ve taken this load off them and haven’t bothered them for six months.

When they pay me back, I’m not asking them to pay me back with interest. I’m only asking them to pay me back what they borrowed. So, what I’m doing is giving them money to pay for their bills. If I didn’t help them out, their creditors would be charging them interest month after month. Basically, I’m getting charged the interest because they haven’t back me back in a timely manner.

One of my credit cards is a 0% interest credit card. I’ve been making a lot of balance transfer over the year in order to reduce the month of interest that I’m paying. That 0% promotion ends as of December. Once December rolls around, that credit card will be charging me their regular interest rates. I was hoping that six months was enough time to get rid of debts but apparently, that isn’t so.

It appears to me that with extra money in their pockets, they don’t have to worry about paying me back right away. When people have extra money in their pockets, they tend to spend it. So far, of all the people that I’ve lent money to, only one of them has taken my advice and saved. The others are just spending money on who knows what. They’re spending money that isn’t even theirs. It’s money that I gave to them in hopes of helping them out with their finances and if this is the way they’re taking advantages of it, I don’t think I’ll be helping them out anymore. Whether they pay me or not, I’m done with helping people out with money. It’s only putting more burden on my shoulders and I don’t want to go through that.

Before taking over their debts, I didn’t think that this would be happening but now it looks like I’m in way over my head. I don’t have much time left to get this problem solved and it doesn’t look like I’ll met the deadline. Those who have said that they would help me get out of this problem hasn’t really committed to doing that yet. All that they’ve done so far is say that they’re going to help but actions speaks more than words. They haven’t done much so their word is no good to me.

5 thoughts on “Debts

  1. dude… i still owe you some money… thats why i keep asking you to meet me but u always say u don’t have time…. 🙁

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