₦airaland Forum

What's your last price? I may have a buyer

Thanks for all your responses, they are helpful . I am very hopeful

Dont know which section to post this

I had to register with another username in order to keep my sanity. I have been on nairaland since 2006 although I hardly post on the forum. I am ashamed of what I have done and how my life has turned out to be. I am very disappointed in myself. Criticism is okay.
A little about myself, I am 42, married with three kids. I have a masters degree in Energy economics. My wife is presently in the nursing School. I had my first degree in economics in 2004. But I have not really worked as an economist. I have been in the agric by product business and it was lucrative. I have also been trading in the financial markets since 2005 and it has been tough but I am still in it. I would say I am internet person, So I was sourcing and trading at the same time. I have very few friends and don’t socialize much. I have three very supportive brothers who I am elder to.
I have been doing my business on a low scale as a middleman, that is sourcing and selling locally to buyers here and they inturn export it abroad. To be honest, the return was quite good and was able to keep my family going. Since early last year, my business suffered a great deal as a result of the influx of new entrants and the Chinese coming into the country. The profits started thinning out. I kept on with the business trying to manage what was coming and it got tighter. At this point I could no longer trade in the markets because I had withdrawn the most of my equity to meet my obligations as a father and husband.
Presently I am burdened with debt from Loan sharks. I didn’t know what I was getting myself into. Everyday I get calls and messages from them reminding me of my payments. I hate the embarrassment that comes with defaulting an agreement so I have to pay. I started borrowing from them in march this year and I have been paying them some weekly and others bi weekly and monthly.I started collecting more loans from other companies to pay the existing ones. Soon I realized that I was working for them as any money I make is used to pay the interests accrured. I pay as much as N240,000 in interest monthly. My family is now lacking, I cant even repair my Tv that went bad since 2 months ago. I cant go to the market because I have to pay up my loans first. As a result of this, I have collected money from friends to upset some of the loans but they keep piling up and the debts from friends keep rising. I am ashamed of myself and I have put my life in reverse.
I have bothered my kid brothers to the point that they won’t hear anything about money from me. I have no elder ones or big friends to cry to. I can’t sleep and I haven’t found a solution yet.
I have a 2009 maxima which I have tried to sell, everyone keeps saying they prefer a Toyota or benz. While trying to sell the car, it broke down and I am told I need to get a new brain box for it. If I am able to fix, I can sell it to pay them off and find a way to move on
At this Point, I don’t know what to do, hence I decided to cry out. A way out is what I am looking for.