When will you learn?
I read many financial blogs and books since 2013.
One book, The Richest Man in Babylon, advocates to exact a item equivalent to the amount you are lending.
In olden times, these items included cattle. Sheep. Land titles.
There's a deep warning against people who cheat on you. When they give you something of lessee return.
Nowadays, people pawn their ATMs. Yeah.
In my kindheartedness, I don't ask that.
But I'm rethinking.
Two people owe me. 4 digits.
It's a big amount. I would have appreciated if they could pay me in installment... but no.
Maybe I should decrease how much I lend.
Now I understand why banks demand collateral.
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