Now, here’s the problem

Let’s talk about a guy we know. We’ll call him Sam.

Sam is well respected. He’s always doing things for others out of his own pocket. Trouble is Sam does so much that by the end of the year almost every year he has spent more money than he earned.

But Sam has good credit. The banks and credit unions (even the loan sharks) love loaning money to Sam. Even Sam’s children loan him money from their savings accounts (at interest).

Sam pays the interest on all his loans faithfully — but he always rolls over the principal. As a result, every year Sam is more and more in debt (and every year more of his income goes to paying interest).

In a few years Sam’s children are going to need their savings. They’re saying, “Dad, do you have our money safely put away for when we need it?” And Sam knows he doesn’t. He spent the kids money helping people (including his children).

What will Sam do?