6 Lessons I Learned in My Early 20s (3 of 6)

Protect Your Name

When it comes to life, work and business, it’s important that you protect your name. 

What are the Benefits of Protecting Your Name?

1. Lots of people will help you in times of need. 

Your name is important because there will come a time that you will be in an emergency and you will need a bigger amount of money.

It can be in the form of medical bills, starting capital, capital for expansion, or credit terms in inventories and equipment. Believe me. You don’t want to be rejected because people perceived that you’re not trustworthy.

2. Lots of people will want to be your partner and do business with you.

For me, it’s a big turn off if I discovered that you don’t do something to pay your debt. This is a red flag that you’re a person who can’t be trusted with everything. 

It’s not good to partner or does transactions with people who can’t be trusted.

What are 2 Ways on How to Protect Your Name?

If you want to protect your name, here are the 2 ways you can apply in your life:

1. Keep your PROMISES

Do not destroy your name by making promises you can’t keep. If you will meet someone and you can’t come, there is no harm in saying you can’t come in advance.

As much as possible, do not cancel a few hours before your scheduled meeting. You might not get many chances that you will be included in his/her schedule.

2. Pay your DEBT on TIME

If you borrow something, you must return it to the owner no matter what happens. The owner lends you because he/she thinks you need it more than the owner needs.

This is also applicable to small things like basketball, shoes, clothes, etc. If you don’t plan to return it, you need to say to the owner if you can have it instead of saying you want to borrow it.

What will happen if you're trustworthy?

If your name is associated with being trustworthy, people will invest in you. People will lend you money without asking them. How cool is that?

Imagine yourself answering questions like: 

• Why should I believe in you? 
• Why should I choose you? 
• Why should I lend you money? 
• Why should I invest in your company?

Then you will tell them “Because I am (State Your Name)”.

If you're really trustworthy, You will be amazed that they will be the ones to make an offer to you.

What to Do Next?

1. Share this if you know someone who will benefit from this blog.

2. Comment your answer:

Are You Trustworthy when it comes to keeping promises and paying on Time?