Lately, I have been considering borrowing money to publish a novel. This is after opting for self-publication, and after ascertaining that my savings are simply not enough to finance the publication.
So I am in a situation where I have the choice to either borrow money to finance the publication or wait till my savings accumulate to a level where they can finance the publication. The other option is to simply forget about the idea of publishing the novel. For some reason the idea of borrowing money to publish a novel appeals a great deal to me.
I am not naïve, and I know that the idea of borrowing money to publish a novel is one that is probably not too prudent. I know that the chances of my novel turning out to be a best seller are low. But then again, if you took time to read on my motivations for writing a novel, you will see that the aspiration to be a best-selling author is not one (of those motivations). The reality is that I have figured out several other indirect ways in which I can leverage on the status of being a ‘published author’ to benefit financially. And it is against that background that I am considering borrowing money to publish a novel, after which I’d have earned the status of a ‘published author’ — after which I would benefit from the status in those other ways.’
I am made to understand that no bank will (directly) lend me money for this sort of venture – because the venture doesn’t made (direct) financial sense. So I am considering borrowing money indirectly, to finance the publication: I am considering borrowing through my credit card. I recently logged in to my credit card account, with the objective of checking my credit card borrowing limit. The credit card limit I found is one that is huge enough to finance the publication. So I am envisioning a situation where I would pay for the novel publication using the credit card, and then pay the credit card debt I will have incurred slowly over time. You may think that the whole thing is senseless, but if there are people who use credit cards to pay for holidays, then surely I shouldn’t be faulted for opting to use my credit card to pay for novel publication costs.