Debt as deception and why you should think twice

[RogueInnovation]

Debt has a bad name, but at the same time is encouraged by loose standards and a lack of supportive schemes incentives etc in our society.

I have come to see debt as exactly the same as "fudging" your projections, and should only be taken on when your projections are ABSOLUTELY CLEAR and you have set up "bumpers" (plans that will make up the difference if the plan goes sideways).

So as a consequence I have come to see society's view on debt as society's view on deception, and "pulling the wool over your eyes".
I believe that bad debt situations globally impact attitudes worldwide regarding money, and that it increases hostility within the systems we use for support. Unfortunately, this hostility can often backfire on the very people who are not "fudging" numbers and are approaching life honestly.

Loose money lending, leads to hostility, imo.

To avoid this psychological hole, and to avoid getting a raw deal I am starting to believe that the core issue you need to solve as an individual is related to the honest approach to projections versus the fudge version. If you are in a "fudge" mindset, you are going to get HIT either by DEBT you can't repay, or hostility equal to how much debt others do not repay! So it is important to address this fudge mindset, so you can be rock solid and make money lending work for you, rather than taunt and humiliate you .

If you can actually visually achieve a result within your next few steps, you are probably not fudging numbers, if you are "hoping" to achieve something that you fantasize about, and you make it sound good, this is fudging.
It isn't a matter of intending to decieve, it is just a matter of "can you do it now" or "is it a dream/longer term commitment".
When it comes to longer term commitments, the best way to stabilise this is a second income STREAM, not a packet of money, which can set up a red herring business set up that is sure to fail.

Once your business matures from distant dream to actionable next steps, then the second stream can be dropped, so you can take on the debt at the right time, and repay very swiftly (within a year or two, or shorter if its a small sum).

Usually, debt is leveraged against assets, and income streams, which cannot be fudged, the difficulty comes when you fudge to yourself that your dream is a viable next step opportunity. If you fudge that it IS such an opportunity you are in for trouble, because you just may acrew debt and ruin your ability to get cash injections for when you truly need it to take the easy step that needs a little money to pull off well.

I consider this a market rejection. And in order to avoid debt you need to heed what the market is saying about your product and service to a point of absolute crystal clear clarity.
Fears, feeling wobbly, etc etc, these are not overcome by getting money to spend. What money overcomes is being SLOWED DOWN when you HAVE a good business set up. It is essentially achievable once the mind is clear on opportunity.

Once the business appears, the money will come.

Until then, you have to work you business model into plausibility, profitability and accurate projections regarding the markets you are addressing.


Once you are CONFIDENT, money is easy, through the use of lenders. But until that time, be very cautious of loose standards that inflate your projections falsely, or you may just ruin your time schedules and entangle yourself above your fighting weight.

Debt isn't anything to FEAR perse, it is just that fudging cultures is something to be clear on, so you don't get mislead and bitten. Beware that most money lenders are actually guppies, and so can't accurately test the viability of your money lending ideas, and so will end up causing drama.

Debt is a great thing when you are CLEAR AS CRYSTAL on what to do.
Until that time, a SECOND STREAM, that covers expences is what you WANT.
So don't get obsessed with debt, don't gravitate around it or away from it, know its place, know how to avoid its drama, and accept that you need a second stream, until your biz is profitable and crystal clear on what the next steps will bring (or based on stable and reliable market "touch" through experience etc).

If you are not dishonest to yourself, nor accept societies looseness about being dishonest to you and involving you in that cr#p, then debt is a tool you apply EXACTLY as and when you need it.


Never just grab debt, because just like lying about having done a service (when you really did nothing), you are gonna give up at some point and its all gonna go black and sour.

I am keeping this in mind for when I intend to hire for my biz
Firstly because I don't want to pay wages that are a deception regarding achieving our goals.
Secondly because credit history can tell me how gullible a worker is (and give early warning) and know how to judge if this is a better second or first stream opportunity for them.
Thirdly because I can set up workplace protocol that isn't afraid of work innefficiency (if you are making it CRYSTAL CLEAR to me how we are moving forwards, I can see exactly what I can afford).

This way I can avoid being a douche
But also be VERY clear on how people can fit into and be encorporated into the company culture.

I'm actually quite excited to hire now (not too excited, lol) and am ready to both take on debt if I ever need it, and take on a workforce if I require it.
All because I understand the difference between FUDGING projections and being crystal clear.

Fudging does you NO FAVORS, it infact inhibits your ability to manage, hire, run things efficiently, tackle tasks, and avoid drama.
Debt can be a beautiful thing, once you understand, there is no need for dishonesty in any business practice at all.

I feel free as a bird understanding this, so make sure to ask me any questions for stuff I didn't state clearly and I'll see if I can clear it up (you'll help me sharpen my focus on it so I'm happy to elaborate on specific points).

 

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[100k]

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