
I had the fortune of helping out a person to overcome a highly stressful situation. Lets call him Frank.
He was quite a successful businessman and his success was partly due to a business partnership he forged with another individual who was more senior, who had more experience and who was more successful. Lets call him Robert. After awhile Robert had lost control of his lifestyle and had started to face some financial challenges too. Robert kept assuring Frank that it was a temporary cash flow issue that most companies go through.
After awhile Robert requested Frank for financial help and due to the gratitude he had for Robert, he responded. Frank was promised an early return of the loan. The loan amount was so big, it virtually wiped out all his savings; a part of it was reserved for his daughters’ higher education.
The promised day passed and Robert was not in a position to pay back. Many meetings with Robert and constant follow up did not help. Robert needed more financial help and mentioned that a new loan will help him seal a deal and get out of the financial mess, enabling him to pay back Frank. Frank gave the last bit of saving he had trusting his business partner who helped him to be successful.
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