Can food teach us something about borrowing money? I think it can. Follow me.
My family and I went to a local sports grill for dinner last week. The juicy burger richly robed in cream cheese and jalapeños reached out to me from the menu. Living dangerously I leaped over the sternly worded menu warning and asked it to come in a medium doneness. The first bite was the usual culinary delight but soon the popper burger showed its dark side. My eyes became lakes of water trying to put out the inferno of the peppers. I dumped that burger half-eaten and ran to the open arms of my cold drink.
So my burger burned me and I paid twice the rack rate for the pain.
I have a few rules for my relationship with food:
- Food, you must taste good
- You can’t be too high maintenance
- You must be delivered on time
- I only want to taste you once, on the way down, not the rest of the day
- And under no circumstances may you hurt me.
So the next time you are hungry for some debt, order a loan that won’t choke your cash flow, give you complexity indigestion, or close fashionably late from an inattentive lender. Skip the loan that might cause late payment reflux and above all avoid the enticing loan that can hurt you later with cleverly concealed terms and conditions.
What’s your worst loan experience at the borrowing buffet?