Confession on many years- I am one of the “many” people that don’t want to have a hide and seek game with a lender just by not paying what I have borrowed. Afraid and unbrave. Totally frightening.
That is why I have to make my own version of that phobia and if there’s one term sinking in my brainpower; clearly I call it “owephobia”. Sounding like a nowhere, useless and nonsense but I have to make one. I recognize a lot who were in trouble with kind of issues and I must say that’s rigidly demoralizing. You have to change phone numbers to stay away from your lender calling you; hide inside your cabinet or in your rest room, always somewhere away from home etc. And if unlucky get called or seen, answer her or on the phone and ask for grace period. Then establish alibis on the next. Payment of more important dues-dues for your “credit card”, tuition payments for your kids though you’re single, “room” rental and worst, you may include your family into your alibi, knocking on woods.
That was before.
In a boogie wonderland, I took the courage to expand my vistas and have this lending institution be my first experiment and what a bombshell. Not to evidently mention its rationale, I borrowed some thousands in this company. The phobia’s probability of winning is 75. I have no option than rather of getting into hold up or robbery which will make me a torment. That is totally awful. I know I cannot pay for it till the due but I needed it very important. The thing is I actually foresee that I will bankrupt if I might be paying all including its interest. I will be on a negative. That goes to another phobia on bankruptcy which I will call it “bankruphobia”, sounding better.
Being a student in “remedial law”, I decided to use part of the money putting in a business. That was actually ¼ of the principal. I have to eat less, have fasting and even walk going home just for saving. Not efficient because I am addicted to food, I applied in a debt protection offered by the bank itself. It was a wow considering the insurance they gave. But the proposal is in fact not useful for my life, my life of a life. The offer is debt relief in case of death, disability, unemployment and hospitalization. The loan payment will be cancelled with no penalty, added interest, or being reported as delinquent to the credit department when one of the covered events occurs. Well, I call myself an insurance debtor again because I am being insured for my debt on my death. Insurance debt on my death is such a hilarious thing. I had to go on suicide to avail but was more afraid. I thought of going in the center of the road and get hit and if not die, be disabled just to have it. I will be thinking for less. And soon I will not think.
I got into a new thinking of stealing some knowledge of experts just like Steve Jobs and other millionaires. That information theft is no successful or I may say not applicable to me. I borrowed money again, thousands and thousands. I went into a paid to click sites, networking, dollar investment, trade and much more. I was successful. I got the millions but I spent trillions. Still in debt, still a debtor. And I was in debt with like 200 persons/corporations. I was very afraid of insolvency. But more than that is being put into jail and will not see someone very special. Sad times, I will live as a dead person.
But I applied my brains which are not yet eaten by zombies. I used now my financial accounting and business strategic management which I well-read years ago. I decided to get into another loan and have bigger loans. That was worth gazillions. I added the capital to my business and applied for debt consolidation. It is just taking out a single loan to pay off many others. I secured the loan against my remaining resources and served as collateral. I got the best idea and tactic and successfully paid all of it.
Now, I own much more than others own if not most. And if they own for millions, I own gazillions. I can buy the biggest and even the brightest, the supreme and even the wrathfulness. But one thing I cultured in this precious experience is the desire to achieve something in a carefully planned, efficiently examined and strategically made decisions.
Because being in debt is not always in downgraded side of life. The debtor will in time be the lender, and the lender will be twice as in debt in due time. It’s because sometimes, being in debt will make you think and act for the difference.
And that’s probably the reason why owephobia and bankruphobia is not in the dictionary.
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