Are you an Investment Banker? No
Are you a Mutual Fund manager? No
Are you a Venture Capitalist? No
What then makes it okay for you to treat other people’s money like it’s yours?
Way too many people do not realise how closely tied to the public’s perception of one’s integrity money is.
Pay back a loan on or before the agreed date. A strong indicator of integrity is being a man of your word especially when money is involved. It is also irresponsible to ask for a loan without a rock-solid plan to pay it back.
It is wrong to deliberately default on the payment of a loan from friends or family because you know they won’t ask you. It is not right to take advantage of relationships so.
Some of us have friends/acquaintances who we consider “good people” but would never enter business dealings with solely because we know how they are with money.
Amongst friends, colleagues, acquaintances or family, you do not want to be the one who can not be trusted with money.
For something that shouldn’t be taken too seriously, few vices have the kind of impact on one’s claim to an integrity that money does.
People need to care a lot more about things like these than they do.