Eat Well, Borrow Well; the Preventative for Debt Indigestion

Aji Jalapeño Maduro

Image via Wikipedia

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:

  1. Food, you must taste good
  2. You can’t be too high maintenance
  3. You must be delivered on time
  4. I only want to taste you once, on the way down, not the rest of the day
  5. 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?

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About Michael Shelton

Your Business Coach Facilitating Delegation and Work Group Engagement Michael Shelton has over twenty-five years of business and military accomplishments, including extensive experience with one of the largest, publicly traded real estate investment trusts (REIT). He is a qualified business coach with assignments in cross-functional work group management, strategic planning, unit leadership, joint venture acquisitions, executive education, mentoring, training and merger integration. Michael has accumulated best practices for building committed work groups from more than $4 billion of capital markets transactions and commercial property development. He served as a commissioned officer and helicopter pilot in the U.S. Army, and earned his MBA from The University of Arizona. Michael has served as a major conference panelist and is the author of Cash Flow Rich, Winning Ways to Evaluate and Finance Real Estate. Today, he helps business owners get more work group engagement as President and CEO of Shelton Business Services, LLC in Scottsdale, Arizona. Disclaimer: I don't offer investment, legal or tax advice. Talk to your broker, accountant or lawyer for investment, tax and legal help. I might own stock in the companies I mention on-line. My posts, tweets and other on-line activity are my personal thoughts and don't represent my employer or company.
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One Response to Eat Well, Borrow Well; the Preventative for Debt Indigestion

  1. Pingback: Are You Being Blinded by Brilliance and Compounding Mistakes with Debt? | Borrowing Money the Right Way

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