"Creditors have better memories than debtors." Benjamin Franklin.

Benjamin Franklin US postage stamp, 1847.

A good friend has been telling me on and off how a friend of his has not repayed a $200 loan made almost a year ago. Well, it could be as good as gone, I said. That got him depressed every time. I would then tell him that he is a poor candidate for a lender. Is there ever a good candidate for a lender? Well, I was taught that if we should lend someone money, we must do it with the mindset of a donor. Yes, a donor. The only material difference between lending money and donating money is that with the former, the money could possibly come back to us one day. Of course, if we lend money as if we were donating it, the sum is written off. So, if the money should be returned ......