What would you do in this situation?

in #steemleo7 years ago

Hi friends,

This is something that just recently happen to me and I'm not really happy about it.

What would you do if you have been planning very carefully your finances and then ...

I would like to start with a few things and topics that most will tell me to do. I know I should have an emergency fund but I did not have one at the time. I have been focusing on minimizing spending and pretty much focusing in saving some money, paying debt and mostly being very careful about finances. I have been paying a debt I carry from when the house was built which as 12 thousand US dollars. It might not sound much but I managed to pay it in 2 years and the most important part is that the relative that lend me the money did not charge me an interest, in fact the only requirement she told me was to pay her in US dollars and not the Costa Rican currency.

Its been an incredible experience to be able to sell my car, acquire another debt and at the same time own land which for a future project, a rental property and who knows maybe the first one in Costa Rica that accepts #STEEM. Anyways, I think I've been doing well in the financial and money part of the problem. I have also recently got involve in the emotional part of most of the mistakes made when investing, trading or pretty much everything in life, which is usually with the psychological side.

I've been very hard criticizing when people get in debt and how irresponsible they are and .... blah blah blah. In fact this reminds me of a conversation I had with @jrb450 in his last trip and how we tend to mistakenly judge people by what people value and is what we don't truly understand. I cannot understand how some people who are terribly in debt are vacationing and spending money they do not have and how they like to buy things I do not value as much as they do. I'm sure some of them will joke if they knew I've spent many hours on this platform and basically blogging without any foreseeable value (from their eyes). I think I might side fall to the opposite side which in some areas might be classify as analysis paralyzes because I think way to much before spending. Thinking about the vacation example, I would go and have vacation if I have saved the money before, and if I try harder I would like to spend just what my savings can generate in interests.

Any ways, back to the original topic of this post. What would you do if another relative of you is heavily in debt that is really risking to have further trouble with justice and even go to jail? Will you try and help? Will you just ignore it and let it be?


@raserrano - Developer

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To your question, it's a tough situation to be in regardless of where you stand. I've been on both sides, at the brink of financial ruin and in a position to help. On the one hand we all have lessons to learn and we have to live by the choices we make- by that I mean feel the consequences of our decisions. It is not our job to take those lessons away, rather offer guidance, wisdom, and support on potential steps to take. Jail time is a harsh consequence and can have lasting effects, but again, not our job to take away the lesson. When I've had to look at consequences of my decisions, the thing I personally valued when was non judgemental support. It's a difficult position for you and the entire family...

Posted using Partiko Android

That's some tough question!

  • Do you have means (funds) to pull him up at all?

  • If helped, Is (s)he likely to stay afloat or will get quickly in debt/troubles again? If the latter, your help will be in vain.

Difficult situation and you will need to find answers by yourself. If stuck, there is always a con flip...

Stay tuned and I'll let you know what I did

Posted using Partiko Android

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