Hi! 👋 I’m Jessa.

I blog daily about life, work, and the future.

This is a story of debt and a get-rich-quick scheme

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I heard a story of a married woman who, perhaps together with her husband’s decision, put up their house as security for a loan.

They needed the money for an investment, hoping to bring themselves out of poverty after hearing about people who invested a lot in this investment and received returns without hard work. Just put some money in, and you’d get your money back, plus interest, in a short period.

So after putting up their house as a security for their loan, with their hopes up of having their lives changed soon, like a twist of fate from rags to riches, darkness soon filled their enthusiasm after learning that the investment was a scam.

As a result, they were sinking into debt and were ways poorer than ever before.

The woman did not bounce back after that, and soon her heavy heart warped into physical pain and ills, and she soon died once their house was scheduled to be taken away from them. Yes, the house her family sleeps in at night, where they built their lives and dreams.

Hearing this story, I was reminded of a Proverb that goes like this:

Do not be among those who give pledges,
Among those who become guarantors for debts.
If you have nothing with which to pay,
Why should he take your bed from under you?
Proverbs 22:26-27 NASB 1995

And here’s another Proverb on get-rich-quick schemes:

Wealth from get-rich-quick schemes quickly disappears;
wealth from hard work grows over time.
Proverbs 13:11 NLT