Bouncing Back Financially
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Life is full of challenges, and money is one of those that can result in financial pain through theft, business failure, default on debts, or through other events. This can lead to guilt, sadness, helplessness, anxiety, and social withdrawal among others. However, life is full of a variety of challenges, and this is one from which anybody can bounce back. Don’t attempt to bury your problems – Face them head-on.
In 2007, I took out a loan and bought some items that I intended to sell in an international export market in order to turn a profit. I had originally planned to sell the products online, but high-speed internet access was not yet available in my area, and although I had already purchased a laptop in order to operate an online sales service, and we had photographed all of the items for the online store, I kept the whole thing waiting for a reliable internet connection that was becoming less and less likely to come to our area. The other alternative was for me to sell the products directly through friends and family, and I managed to find some small successes in doing so.
However, the loan repayments were becoming past due, so I asked a friend of mine to send some of the products over the border and for her sister to sell them while she was working as a waitress. I was hesitant to make this request because I did not know her sister very well, and I was not certain that she would be a reliable business associate. Regardless, I handed over a few products to my friend for her to take to her sister, and I guaranteed that I would provide additional items if she sold the first batch and sent the money back to me. The woman saw the gorgeous specialty products and was convinced that she could sell everything and send the money back quickly - she even called a few of her friends in the other country where she was working, and they promised to buy the items ahead of time and send the payment immediately. The woman had a ticket to fly out on the following day, so we packed everything up and sent them to the post office. I paid for the transportation and all excise taxes that were required, and off she went. That’s when our relationship ended.
The woman sold every single item but did not pay me a nickel. The whole situation was complicated by the fact that she was living in a foreign country, and I could not travel due to my arthritic condition. She used the proceeds from the product sales in order to open shops selling similar items, and within a couple of years she was very wealthy. She led a lavish lifestyle with jewelry, cars, and pretty much anything that she wanted. I attempted to communicate with her, but she blocked my number just as I was experiencing the worst financial crisis of my life. I had to repay the loans for the merchandise in addition to paying for my children’s tuition and medical expenses, not to mention utilities, rent, and everything else. I had to sit down and figure out how to make ends meet, and that was my primary concern.
Perseverence and Success
I use a wheelchair due to my arthritis, and although my physical disability is what seems to have led that woman to take advantage of me, my mind is clear, and I am able to generate an income through other means. During this time I had taught my children how to use everything that was available to us and to avoid waste. I sold the stocks that I had previously invested in as needed and employed a small group of people in baking and selling products as we renovated our home and rented out one side of the house in order to meet our expenses. Soon we were able to secure a high-speed internet connection, and I began to freelance as an online article writer when, little by little, we managed to regain our previous financial position, and we are now back to being relatively stable. My children have nearly completed their education, and through our shared life experiences they have learned some hard lessons that I fully expect them to apply to their lives in the future.
If you lose money or are faced with general financial difficulties, then I encourage you to look around and see what resources you have available to you, however small. You can bounce back.
- Anonymous Contributor