Lending Money To Friends and Family - Don't Do It!

In this video, I discuss why you shouldn't lend money to friends and/or family.

[SEEDOFISRAEL]

Only give what you're willing to part with. As far as lending money, I don't do that because I hate enabling people to stay crippled and ignorant. The only way people will learn is to hit rock bottom.

I would rather see them hit rock bottom than to keep enabling them to remain ignorant and cripple. If you keep feeding the wild animals, they will forget how to feed themselves.

[BreadFred]

Reason why I don't give out my phone number. If you have a "nice guy/girl" persona, which yourself and other know, be very aware on what they ask about your finances before wanting your phone number. These days, hardly anyone call to say Hello. Mostly everyone calls when they need something.

[mrsincere]

One of the 1st things I ask myself when someone comes to me for a loan, is why me and not the people closest to you? Why no bank wont loan you money? Why you cant use a CC or DC? Im suspicious of people that have so many ways they could get a loan, or know a lot of other people in their in spite of that, still come to me looking for a loan. Thats a serious RED FLAG

[christianarias]

Don't let no friend be asking for money! Stop that please!

[paulrevere]

If they can’t pay the loan shark what makes you think they will pay you? Lol

[MariaPerez-sbxp]

I have the lowest income of my siblings and somehow they always have money problems that I need to help them out with while going out to fancy dinners and being on jet ski's on vacation. 🤨

[beloit]

I cant believe I'm the first Thumbs-Down !?