Comments on: Cutting Your Losses: Why I’m Losing in Order to Win https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/ Traveling full-time in a financially sustainable way Wed, 19 Jun 2024 11:22:48 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Nora https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-763797 Thu, 09 Jan 2020 17:52:16 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-763797 In reply to Monica Bengtson.

Hi Monica,
I’m so sorry that a great working relationship for years ended on such a sad note. It’s not fair.
The mis-management of accounts in large companies baffles me – and it happens all the time.
More than once (last year alone), I wrote articles for major publications and companies, who uncharacteristically delayed my payments, by up to four months. Four months! I had to follow up many times (and in one case I continued to write more articles as per the contract even though I worried I may never get paid).
I’m pleased to report that eventually I did get paid (each said they had a shakeup in accounts payable and my information had been lost).
But I’ve had it go the other way too, where an article I wrote that got published (in a major magazine!) was never compensated.
I hope that you do continue to follow up and that you eventually get paid. In the meantime I think it’s reasonable that you have suspended your services until your account with them is up to date.

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By: Monica Bengtson https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-763625 Wed, 08 Jan 2020 21:35:30 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-763625 In reply to Rob.

It seems this topic has not been commented on for quite a long time, but as I just read your article, I will give you my much less tramatic story (to say the least)

I have been debating whether or not to fight with a company who owes me money, slightly under $1000, for my fitness services with their elderly clients. (It is a rehabilitation hospital).

They had always been slow paying me, but suddenly the checks just stopped. I asked them what was happening (but I kept serving their clientele), and I was given a corporate number. The corporate number would have no actual person answering the phone, but she left a detailed message for the answering service “If you are a vendor, please deal directly with your local company, because they do their own invoicing and payments”

This is a big company! I cut their service off, but quite nicely, saying that I would resume service when accounts were up to date.

They won’t respond at all. After years of service, it seems they deliberately were taking my services, knowing they would be stiffing me.

So recently I began to notice, that I was angry and negative, and this is the beginning of the year. And I wondered…am I doing the right thing? Because it means I would have to keep calling them, and begin to record details, take names, go to small claims court, etc. And I want to grow my business this year. Is this the right path to growth?

I just want you to know that your blog post nailed it. I’m going to walk away. If they pay me, great, of course. But in my heart, I’m going to walk away, knowing I gave some elderly people some great times, and helped them move and smile a little.

And I will take my lessons, and not overextend credit, nor my trusting soul. And I will meet better clients, and I will bring in 10x what this unethical company owed me, and have joy in my heart.

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By: Nora https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-643393 Tue, 26 Apr 2016 00:50:01 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-643393 In reply to Dunny.

Hi Dunny,
Wise words! And yes, in matters large and small, we seem to constantly have the choice as to whether to fight or to move on, and it’s different every time. At least it keeps things interesting! 🙂

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By: Dunny https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-643202 Sun, 24 Apr 2016 05:32:04 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-643202 This is a great topic. I agree, moving on, letting go, is the best course of action. I have done it many times, for small and large situations. The big ones:
-divorce settlement, made him an offer lower than half, and he took it, and never saw him again (2 years). Invested that money and it doubled many times over over the years
-downsized after 20 years of successful career, tried to negotiate a better lump sum and better pension deal, but gave in quickly to move on (2 weeks). The lost pension I was concerned about is now trivial compared with my annual income
-caught in a CRA situation not intended to apply to me but officials were stubborn, I ended up paying a big sum instead of getting a much bigger refund (2 years). I was broke at the time, and used credit to pay up, but it made little difference in the long run.
All good decisions because amounts that seemed huge at the time, are now not relevant because I now have far bigger income and much higher net worth because I focussed on investments.
Now I might fighter harder and longer because it doesn’t matter, but then it mattered so the stress and time was far too great a price.
There is a famous book called How to Find Freedom in an Unfree World by Harry Browne (full text online) that taught me this lesson many years ago — in short, pay the price and move on to better things.

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By: Nora Dunn https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-546067 Sun, 08 Feb 2015 16:59:15 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-546067 In reply to sunny.

Hi Sunny,
I’m sorry you had such a tough time; I cringe to think that insurance companies capitalize on our suffering by knowing that when we need the money the most (and have the least energy and ability to fight for it), they don’t make it easy for us. That’s why I’ve dropped a few other insurance policies (like property insurance) that I know is difficult to claim for, and I’m saving myself the time and aggravation (and money on premiums) now.

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By: sunny https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-545552 Sun, 08 Feb 2015 00:03:54 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-545552 I understand the need to move on and reclaim some emotional stability. I had a recent experience with an airline. My family and I were about to take a 3 week trip to Europe (which we had spent 2 years saving for) when just four days before we were to leave my husband had a near heart attack (37 year old and healthy, so very unexpected) and then 2 days after that my dad suddenly passed away at age 66, also very uunexpected. When I called the airline to explain they gave me the run around for about a month until finally settling on that they couldn’t do anything for us and therefore we lost all the money spent on airfare. I wanted to keep fighting but it was taking such an emotional toll on myself during a time I was both caring for my husband and greiving my father. I had to let it go. It still makes me angry when I think about it and every once in awhile someone will tell me I should keep trying to fight it but I need to put it behind me. I assume your experience with the theft falls along this line too. On the bright side, now a year later we are finally taking that trip again and we added a week (because we deserve it damnit!) So soon we leave for a month in Germany. Life gives us some tough lesson sometimes but they have to be experienced to be learned.

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By: Nora Dunn https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-463925 Thu, 13 Nov 2014 20:24:17 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-463925 In reply to Gregory Hubbs.

Thank you so much for your support and friendship, Greg!
I think often in our lives, in order to truly move on we have to cut our losses in one way or another. But in the end – as it seems for both of us – it has served us well! 🙂

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By: Gregory Hubbs https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-463713 Thu, 13 Nov 2014 16:21:58 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-463713 I’m so sorry Nora. You certainly deserve so much better.

The law is quite unfair unless you have money. That is stating the obvious.

I gave up all my income (and then some) to divorce my first wife and lost custody of my first two kids (whom I love very much, but a relationship with them was impossible due to her psychotic controlling behavior developed over time), to finalize a divorce.

I was free at last! More than three years and a lot of fantastic times later, I remarried a wonderful woman and could not have a better relationship (unless we were living in Italy, as I want to, and we will).

In addition, the ex soon begged me to see the kids more and more as she could not handle the absolute control…

Gave up much, but it turned out so much better.

I am sure, given your incredible energy and direction, that such will be the case for you–it already appears to be!

Best wishes, as always,

Greg

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By: Nora Dunn https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-462505 Wed, 12 Nov 2014 18:43:14 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-462505 In reply to Simon.

Hi Simon,
Great suggestion, but with 3 problems:
1) The insurance company in question wasn’t mine – it was the other driver’s insurance company, through whom I was trying to receive compensation on their 3rd party liability. My personal insurance was only 3rd party liability, and although they were kind and helpful, without having comprehensive insurance, they weren’t having to advocate on my behalf.
2) It’s an insurance company in Grenada…which in terms of my broadcasting my story to the world, will be fairly irrelevant. Many Grenadians aren’t even online.
3) I don’t remember the name of the insurance company – which I’ve (purposely) blocked out of my memory!

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By: Nora Dunn https://www.theprofessionalhobo.com/cutting-losses-im-losing-order-win/#comment-462500 Wed, 12 Nov 2014 18:38:52 +0000 https://www.theprofessionalhobo.com/?p=6392#comment-462500 In reply to mischa.

Hi Mischa,
With regards to this instance – and many instances in life – there wasn’t much I could have done to protect myself up front. There’s only so much you can do in life to avoid the unexpected. In the end, you could swathe yourself in cotton balls and never leave the house….but then again a truck might drive through your window and into your living room!
So I just live life as I wish, taking calculated risks (like driving in traffic and assuming others on the road will obey the rules), and I just have to accept the circumstances that are dealt to me (such as this accident) as a blessing in some way.

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