A few months have passed since their first meeting when Paul and Mary meets once again for another game of chess. It was during this game Paul explains to Mary that while talking with several real estate agents, they tried to find out how much money he had to invest. Paul told these people that he has a 2 million dollar line of credit which in a way is true.

Mary informs Paul she was satisfied that Paul has met the terms of their agreement and asks Paul how much of the 2 million dollars would Paul need. Remember the terms of the loan was for 2 million dollars at 8 percent.

Paul explains to Mary that as a result of tracking, and trimming, their credit cards has been paid off, and that he and his wife are now working on paying off their home equity line of credit which was at 8 and 1/2 percent. Due to some extra cash on top of the debt repayment plan, Paul is ahead of schedule and informs Mary that he does not need the 2 million dollars.

“Are you telling me you don’t want my money, after all you’ve gone through to get approved?”

Remember, Paul was drowning in debt, owed the IRS, behind payments, and owed thousands of dollars each month, so you can imagine Mary’s surprise.

Paul explains that he is not telling Mary he does not want the two million. His first goal was to get out of debt. Think about it, why would Paul want to take on more debt at 8 percent when he is paying less interest on his first mortgage for 7 and 1/2 percent?

Paul finally reveals that he would consider the loan if he happens to find an investment worthy of such a loan, an investment that would increase his net worth. Mary’s instructions to Paul to read a few financial books, go to seminars, and mastering the four laws has been absorbed into Paul’s computer so he is now thinking about his personal finances in a manageable way.

This is an extremely short chapter, and I do not want to ruin the end for you because of the story he tells Mary.

If you found out that your debts were about to be completely paid off, would you still want a 2 million dollar loan at 8% interest?

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