I have this recurring nightmare.
Actually, I’ve got a lot of frequent bad dreams but this one’s particularly chilling. Things were O.K. at work. I was growing my responsibilities, my authority. I was getting promoted quickly. I was making money. So, like a financial optimist, I bet on the future and started borrowing.
It started small and harmless — I took a large mortgage on a house — but then, I started borrowing more money to finance a rich lifestyle.
Soon, it was like ballooning like Bono’s ego. I had to borrow just to pay off my old loans.
It took so much financial engineering, I didn’t even have time to work – I was so busy.
But then, out of the blue, people didn’t want to keep lending to me.
I was coming up short, compounded by the fact my work slacked and earnings were dropping as a result.
Crap, I was stuck.
I had been Greece-d.