IOU

Being forced to write a promissory note to become a debt slave

What You Need

• Paper
• Pen
• Personal seal or signature

Method

In this training task, you will create a promissory note that will turn you into a debt slave who will be financially exploited perpetually.

As a precaution, let me clarify that this training task is just play.
Even if you seriously believe you've entered into a contract with a partner, this content alone would likely be deemed invalid if disputed later.
To legally bind yourself so you absolutely cannot escape would require more sophisticated methods, and if you seriously want to establish a "tribute" contract, it's simpler to create a gift agreement within non-taxable limits.

Nevertheless, I understand that the situation of "debt" rather than "gifting" can strongly stimulate a certain kind of masochistic desire.
Let's experience this situation purely as play.

You can find many templates for promissory notes by searching online.
For a more authentic atmosphere, choose one with detailed clauses such as repayment method, interest rate, late payment penalties, and acceleration clauses.
You don't need to print it; handwriting the same content is valid.

Set the repayment period to something like 30 years.
Since this is just play, you can set the interest rate at the legal maximum of 109.5% annually.
However, if you want realism, set it at 15% annually to comply with interest rate limitation laws.
Set the late payment penalty at 21.9% annually.

Next, determine the important loan amount.
Calculate your monthly living expenses, subtract the minimum amount needed for basic survival, and use the remainder as your monthly repayment amount.

Once you've decided on the monthly repayment amount, set a loan principal that ensures you can't reduce the principal after paying the annual interest.
For example, if you can repay 100,000 yen monthly, your annual repayment would be 1.2 million yen. For this to equal a 15% annual interest payment:
1,200,000 / 0.15 = 8,000,000 yen
would be your loan amount.
If you can pay 250,000 yen monthly, the loan would be 250,000 * 12 / 0.15 = 20,000,000 yen.

By signing this promissory note, you'll become a debt slave who will have money extracted from you every month for life, no matter how much you repay.
Being fully aware of this, sign and seal the promissory note.
Leave the lender section blank.

Imagine the scene of submitting this promissory note while prostrating yourself, and say:
"Thank you for entering into a contract with masochistic slave [your real name] and turning me into a debt slave."

After completing this training task, please destroy the promissory note you created.

Points to Note

This is a training task for tribute masochists, different from the Tribute task.

I am strongly attracted to "contracts."
Slave contracts that ignore public order and morality, or oaths sworn before heaven and earth are nice, but legally enforceable loan agreements like this are also wonderful.

"Debt" is the epitome of a miserable situation, and naturally creates a power balance between borrower and lender, making it highly compatible with SM dynamics.
You might find yourself excited by the situation of falling into debt hell without having done anything wrong.

What would you do if such "contracts" or "debts" were dangled before you in actual training?
Please create a wonderful promissory note while imagining the pleasure unique to masochists that exists within fear.