Better to go to bed hungry than to wake up in debt. — Proverb
The other day, I opened an envelop addressed to my business and was stunned at what I saw.
A check for $48,000.
Yep, I had to look again.
But there it was — $48,000, all for me!
Visions of a new car, time off to finish writing my novel, a much-needed vacation, and all sorts of fun things flew through my mind.
Until I recalled that when something looks too good to be true, it probably is.
So I read the fine print.
And learned this was a solicitation.
For a loan.
The company making the offer assured me I could buy equipment, hire employees, advertise, and more, so long as it was business-related.
Okay. I can still use it for things like new computers, new office furniture, maybe some classes in coding.
But wait. Nobody is going to just give away money, right?
Well, these folks sure aren’t.
They want me to pay them back from my future sales.
What happens if there are no future sales? What happens if I sell the business before the loan is paid back? What happens if I use the money to buy a pair of diamond earrings??
They’ll probably haul me to jail.
Nope, I don’t think so.
I won’t hog-tie my business — or myself — like that.
So thanks, but no thanks.
I’m putting this solicitation into the shredder, where it belongs.
And remembering this wise saying:
Never spend your money before you have it. ~Thomas Jefferson