The Colour of Money

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The Colour of Money

At times, I've borrowed money myself. Last month, I realised - after I got off a cab in front of office - that I'd left my wallet at home, so I had to rush in and ask somebody for a "loan". I paid him back the next day.

By Sushmita Bose (WKND Editor)

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Published: Fri 28 Aug 2015, 12:00 AM

Last updated: Fri 4 Sep 2015, 11:15 AM

Beg, borrow or steal - that's the order in the pantheon of money getting. Of the three, borrowing is probably the easiest way out. When you beg, you lose self-respect; when you steal, you end up serving time. But when you borrow (and I'm not talking about borrowing from a financial institution here), all you need to do is convince somebody that you are a trustworthy character, and that all you need is a loan - which you will proceed to pay back forthwith.
At times, I've borrowed money myself. Last month, I realised - after I got off a cab in front of office - that I'd left my wallet at home, so I had to rush in and ask somebody for a "loan". I paid him back the next day.
There are far more trying situations - more trying than paying the cab fare, that is - in the light of which people borrow money: someone falling sick or some other unexpected emergency. I guess everyone is allowed to ask for money - from friends and well-wishers - if they are in a tight spot.
But equally, upon receipt of that payment, they need to ensure a prompt repayment (unless you have a very, very valid reason, and in that case, you need to keep your creditor in the loop - and you better be honest about it). What happens when a friend - or a relative or a neighbour or a colleague - borrows and then doesn't return the money? Other than putting the screws on your relationship, it is a tiresome and stressful situation for all concerned (a friend of mine, for instance, hadn't told his wife about a friendly loan he had meted out to someone, and when this someone wasn't paying him back, my friend was doubly stressed: about the money plus the likelihood of his wife finding out). Find out more about the peculiar phenomenon of fiscal borrowings and no-returns in our special feature this time.
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Enjoy reading wknd. and have a great weekend!
 


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