Quote:
Originally Posted by Jesus H Christ
Never loan friends or family money. Meaning, when they ask for it, make sure to say, are you sure this is all you need? Give them a little extra and then tell them it's a gift and they don't have to pay it back, unless they ask again.
I loaned several thousand to a family member to keep a business open, that I actually gave him too. It's been 16 years and got only 1/5th the money back and why we don't talk because of it.
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yeah, that is an all too familiar tale for sure. If I ever am asked I just tell them i'm giving it to them or investing in them.. that way I'm not disappointed or let down if it never comes back and they don't feel the need to avoid me...not overly affective but it's a lot better than hounding people for money though.