Welly Wu
Headphoneus Supremus
- Joined
- May 16, 2003
- Posts
- 5,165
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About two years ago, my father and mother had the opportunity to travel back to their "home:" Indonesia with my cousin. My father requested to borrow $1900 USD from me to which I readily agreed. Part of the money was "spending money" while the other reasons were to "pay bills" and even to buy a 3.2 mega pixel digital camera "to take pictures while we there."
He still has not been able to pay me back in full. Mind you: together, they make well over $65,000 USD annually. He pays me back $50 USD at the end of each month but he has failed to pay me back for the past three full months. I still do not understand why. Now, I am told that they can not begin repayments until well after May 1st, 2004 when my second eldest cousin is going to get married.
I appreciate their love, support, and financial sacrifice shown to me over the past several years. However, I have learned a hard lesson: never loan money to family members for any reason even if it concerns matters of their health and well being. It just adds tension and strain on the familial relationship. I admit that my father has the worst credit history in all of America but I feel that the love and trust I showed to him two years ago was taken advantage of badly to this day. I knew he could never repay me back in full within a reasonable period of time yet I look at his extravagant lifestyle full of x, y, z subscriptions that literally force him to say, "Sorry, I don't have any money" at the end of each month.
The real worry in my life is not whether he will pay me back in full -- he will for I will see to it. The real worry is whether all of those years when he spent more than he earned -- those financial life lessons taught to me unwittingly -- will pass on to me. I refuse to allow myself to fall into the same financial traps that he did.
There are positive things to note in my life. I have been an avid Head-Fi member for the past year and a half. For all the time and money I spent, I am proud to say that I never had to say those same words, "Sorry, I don't have any money" when it came to living my life both as an headphone audiophile and a human being. In fact, I am in much better financial shape at this very moment in my life thanks to God and a little financial seminar course offered by my local church called the Good $ense Budget Course. For example, I am also glad that I decided to heed my sound financial judgment and not purchase the Denon DVD 5900 at $1600 USD because at the time I was considering a source component upgrade that would have literally killed me. Thank God I decided to work hard, save carefully, and cut 'n trim unnecessary expenses to be able to afford my Pioneer Elite DV-59AVi for far less than the MSRP. So, there is hope yet for me in my financial affairs.
I apologize for the rant but learn from my painful family lessons: do not loan money to family members who are fiscally irresponsible because it will prove to be your own sorrowful mistake.
He still has not been able to pay me back in full. Mind you: together, they make well over $65,000 USD annually. He pays me back $50 USD at the end of each month but he has failed to pay me back for the past three full months. I still do not understand why. Now, I am told that they can not begin repayments until well after May 1st, 2004 when my second eldest cousin is going to get married.
I appreciate their love, support, and financial sacrifice shown to me over the past several years. However, I have learned a hard lesson: never loan money to family members for any reason even if it concerns matters of their health and well being. It just adds tension and strain on the familial relationship. I admit that my father has the worst credit history in all of America but I feel that the love and trust I showed to him two years ago was taken advantage of badly to this day. I knew he could never repay me back in full within a reasonable period of time yet I look at his extravagant lifestyle full of x, y, z subscriptions that literally force him to say, "Sorry, I don't have any money" at the end of each month.
The real worry in my life is not whether he will pay me back in full -- he will for I will see to it. The real worry is whether all of those years when he spent more than he earned -- those financial life lessons taught to me unwittingly -- will pass on to me. I refuse to allow myself to fall into the same financial traps that he did.
There are positive things to note in my life. I have been an avid Head-Fi member for the past year and a half. For all the time and money I spent, I am proud to say that I never had to say those same words, "Sorry, I don't have any money" when it came to living my life both as an headphone audiophile and a human being. In fact, I am in much better financial shape at this very moment in my life thanks to God and a little financial seminar course offered by my local church called the Good $ense Budget Course. For example, I am also glad that I decided to heed my sound financial judgment and not purchase the Denon DVD 5900 at $1600 USD because at the time I was considering a source component upgrade that would have literally killed me. Thank God I decided to work hard, save carefully, and cut 'n trim unnecessary expenses to be able to afford my Pioneer Elite DV-59AVi for far less than the MSRP. So, there is hope yet for me in my financial affairs.
I apologize for the rant but learn from my painful family lessons: do not loan money to family members who are fiscally irresponsible because it will prove to be your own sorrowful mistake.