Jul 21 2010
Debtee
What do you do when someone owes you money? Due to my own mistakes (which I take 100% responsibility), someone owes me quite a big sum of money. I’ve tried chasing him in as many ways as I could possibly think of. I’ve been nice. I’ve been nasty. I’ve been understanding and gave him more time. But he breached his promises again and again. I’m so tired of chasing. What should I do now? I really don’t like chasing people for money because negative words will need to come out from my mouth. I don’t like it one bit.
I think I’ll just forget about it. Be patient and see how things go. I believe the money will find its way back to me. I have faith that the Universe will do what she needs to do. I just need to give her time. Meanwhile, I’m going to ignore this. I have abundance. He begged me to be patient. Literally. Maybe I’ll do just that. Miracles can happen. I hope.
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Had a day out with XCool today. We watched Despicable Me in The Curve. Funny movie. A lot of slapstick jokes but also coupled with many clever ones. Good! Met up with Alex from Marche for dinner. Had a great time catching up with him. It’s been a long time since I last met him. I really love the Sauteed Mushrooms. Alex told me how it’s cooked. Real simple. I’m soooo going to try cooking them. To top it off, he gave us 50% discount when we were going to settle the bill. Happy day indeed.
My humble suggestion:
Offer him/her an ‘instalment plan,’ that he/she think he/she can afford, then he/she will have no excuse not to pay.
It’s ok no matter how small the amount is as long as you are getting your money back, because if you wait till he/she has the big amount of money to pay you back, you may need to wait till the cows come home.
If the person can’t pay you back after several attempts, most likely he/she will repeat the same story in the many many months down the road. It’s a habit.
I’ve already tried that installment plan. The debtor has a business that isn’t going well. He can’t even spare a few tens. I suspect he owes a few other people money. Not just me!
If each month his amount of income is equal to or less than his cost of (liabilities + necessities), than he really can’t do much to pay you back. Otherwise, it’s because of poor money management habit.
But it’s very difficult to tell which is the case unless we can audit his account
So, like you say, “have faith that the Universe will do what she needs to do”
Yeah. Haha. Thanks for your suggestions. Faith is important