It never fails to astound me how so many people are prepared to shaft others before they will sacrifice anything to get themselves out of the shit.
This topic springs to mind because I currently know a few people who are struggling financially. When I say this I am referring to not making debt repayments and sinking their businesses into such a state that it’s almost inevitable that its investors will lose their money. You know things are serious when guarantors will be called upon.
The parties I’m thinking of regularly call themselves “broke” and “going under”, yet they still manage to:
- Take their motorcycles on long distance jaunts and visit local attractions (winery tours and the like)
- Dine out at expensive restaurants
- Stay at fancy hotels at least once a month, costing over $180 a night
- Drink heavily, smoke and use drugs regularly.
I understand that people can get so overwhelmed with debt that they can’t see a way out of it. But honestly, losing someone else’s money when you can do something to avoid it?
I just can’t comprehend how anyone can be in the crap and have such disregard for their investors’ money. Talk about lack of integrity. These people generally own loads of toys and are too selfish to sacrifice them to reduce debt (and therefore, decrease the chance of losing someone else's money). I mean, why should they when someone else will foot the bill, right?
Toys can be replaced when the situation improves but any bitterness caused by shafting people can last a lifetime. People refusing to take any accountability for their actions just makes my blood boil...
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