Paying what is due

One of my personal aims in life is to rid myself of debts. To date, I have only three "major investments" namely my two houses and my car.

The first house that I bought is a bad investment. The developer ran away, and the buyers have to finish the project themselves. I bought this house shortly after getting married and I have more or less given up on moving into the house. I recently completed the construction of the house, and I plan to sell it upon returning from Makkah. (Advanced notice: If anyone is interested in buying a bungalow house located at Batu 14 Hulu Langat, leave a message here).

The other house that I bought is the one I am staying in now. This is the place I call home. And I consider this a very good investment.

The car that I own is bought because of its functionality, more than anything else. With two young boys and with my parents staying with me, an 8-seater comes in handy especially when travelling back to our hometown up north.

I hope with the sale of the house in Hulu Langat, I will be able to lighten one of my major financial commitments. The loan for the car will be settled in the next few years, so I am not too concerned about that. So, that leaves me only with the loan for my current home, which I have no qualms about.

I do not know about other people but I am one person who fret when I have debts. As much as possible, I would like to settle my debts as quickly as possible. As long as I know I owe someone money, I feel that there is a huge burden on my shoulder. And the satisfaction comes when that burden is lifted by paying back what I owe.

I have a friend who does not give out loans. To him, money is a very sensitive issue. He would rather people call him stingy, then quarrelling with his friends about money they owe him. That is why he never loans money to anyone.

At the end of the spectrum, I have another friend who is ever too kind. He never hesitates to lend money to friends who come to him. His generosity, more often than not, leaves him in a predicament. People go to him when they need his help. When it's time for people to pay up, he often feels that he has to beg for the money they owe him. He once said to me, "I know how a beggar feels. The only difference is, a beggar gets what he begs for, while in my case, I don't get what is mine in the first place."

Whatever it is, we have to remember that whatever that we owe others (whether financial institutions or friends or relatives), we have the responsibility to pay them back. Personally I do not believe in living a lavish life if I still owe others money. A few years back, when things were difficult for me, a few friends came to my aid. I will never forget their kindness. As soon as things got better, the first order of business for me was to settle whatever debt I have with them. And to this very day, our friendship has been strong and getting stronger with the passing months.

I believe that true friends would help one another when one is in need. At the same time, the true test of friendship also lies in the ability and willingness of the friend in need to pay back his friend's kindness when the time comes. Don't go looking for the friend only when we are in need. We should also look up for the friend when we are doing well. And worse still, don't make the friend feels like a beggar.