Steem4nigeria Accelerator contest week 54: What is the best way to retrieve debt?
Hello everyone, it's nice to be here again and thanks to @steem4nigeria for organising this contest "what is the best way to retrieve debt?"which am happy to be part of it.
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In life today, the most deadly and dangerous enemy of vision, dreams in life is debt. The spirit of debt is a terrible one, the moment you start taking steps that are larger than your own strides, you are cutting down your life without knowing.
WHAT IS DEBT?AND HOW DO YOU UNDERSTAND IT?
Debt is the pathway to early grave. It's a bondage that will lead you to the world of no return, Only few that followed that path return. Debt in the Bible is Sin which states "the rich rules over the poor and the borrower is the slave of the lender"(proverbs 22:7). The Bible offers many warnings about the dangers of debt that, when you are obeying and doing God's word you can't own debt because as seed of Abraham you are to lend to many nation's(people)and not borrow(Deuteronomy 28:12).
Debt is the route to death. Debt is when you have borrowed money you will need to pay back. Debt is the easiest road to confusion and the short cut to destruction and fear. Debt is the only option if you want to die early, lose vision and go the opposite direction in life.
HAVE YOU BEEN INDEBTED BEFORE? HOW DID YOU PAY BACK?
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Yes, I borrowed #300,000 to add and run my restaurant business. It was not easy to pay back but God helped me and I was free from that debt.
HAVE YOU EVER REGRETED HELPING SOMEONE DUE TO REPAYMENT APPROACH FROM PREVIOUS HELPERS?SHARE YOUR EXPERIENCE.
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Helping people is a huge part of my attribute, seeing someone helplessly in need and not being able to help out is always burden some in my heart but a particular experience has made me regret ever sympathizing and helping out that family.
A young guy whose family is close to my residence but across the road was in a situation that needed urgent help financially, called me on phone and was seriously pleading for my help.
After thinking about it, I resorted to giving him the money they needed (#700,000) just to save them from shame and disgrace for life and they promised to pay back in a month time but that month time has turned to Eight months now, still no hope of the pay back money. The parents were telling me the month they will be able to pay back but when that month comes, they tell stories and shift the payment to another month. A family that I took as mine has made me to regret being sympathetic and helping them out.
WHAT DO YOU THINK IS THE BEST WAY TO RETRIEVE DEBT.
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To me, is just to pray for God to bless him or her financially to be able to pay back the debt. Debt is not a good thing,if one have much they will not borrow.
DO YOU THINK PROBLEMATIC DEBT SHOULD BE FORFEITED FOR THE SAKE OF PEACE?.
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Yes,if you don't want to go to early grave just let peace take over. Living in this world has taught me many lessons. The heart of men is desperately wicked who can know it? No one but only God Say's the Bible. Someone i render help to by borrowing him money could plan evil against me inorder not to pay back the debt he is owing me. He could even resort to making plans of killing me just to keep the money for himself. In this case, it's best for me to let go of the money so as to save my life. I have to consoled myself with this quote in the Bible that says "the Lord is a rewarder of all persons".
In conclusion,if you do borrow money, it's best to have a plan for how you will pay it back. There is always a size for your present status, all you need to do is to locate it and be satisfied with it. Wait to earn what you want in life, if you rush to borrow it, you are eating your future now. Those who borrow never last but those who wait and earn it will live longer.
It is sweet to be debt free in life by having no outstanding payments or financial Obligations on Credit cards, personal loans etc.
Be wise....
I invite @rubina203 @dexsyluz
@patienceukanah
You have written so well. Your kind heart is compared to none, in one way or the other, we have been kind to people who pay us back with evil. I hope the people we help will see the help and repay us with kindness and not with evil. Here's sending you best wishes!
Amen. Thank you for your valuable comment, I appreciate.
Thanks dear
You're welcome
When all possible means of debt recovery is exhausted, one may tend to let go of the debt. Giving what you could afford to lose, keeps you on safer side. I wish success.
Letting go is not a sign of weakness but that of intelligence and bravery. I appreciate your comment, thanks.
Thank you sir