Should You Lend Money To Your Relatives Or Friends ?

#amitsangwan
#clarity
#higherorderthinkingskills
#9810448818
#relatives
#friends

[manjular]

People borrow your money with a smile, and return it back with an attitude.
No one tells a better story than someone wanting to borrow money

[festivevibes]

I have a suggestion to youth.
Bookmark this video and watch it again after 1 year, 2 years, 3 years etc (may be after getting married, after having child, after spending good amount on house purchase, good amount for child ) Every time you may get a fresh perspective.

I watched this video 6 months ago for first time. I was not convinced with some contents at that time. Now I get a new perspective and understand more clearly.

You are true clarity giver 👌

[upendra]

My simple funda... Naa kisi se lena..naa kisi se dena... My friend and relatives asked me for money.. i denied everytime... I am the king 👑👑👑

[yaduvendravikramsingh]

An old maxim "Don't lend money to friends ; you will lose both"

[knowledgeideas]

Real video people not returning loan and going abroad for holidays and person that given money has not gone abroad till now

[upendra]

My one relative asked me for 25k .. i denied... Later on that evening...his son bought iPhone... Samajh rhe ho daya...

[smilekapoor]

"प्यार गया पैसा गया और गया व्यापार, दर्शन दुर्लभ हो गये जबसे दिया उधार 🙏

[MILINDNEWTON]

Don't tell your salary to your friends and relatives 😜

[sumandhaka]

Most of the times person who is giving money know that he is being fooled but didn't know how to deal with this and communicate to family.

[anujdahiya]

Problem is not losing money. I am more concerned that our morals values are decreasing day by day 😢

[haris]

These lessons should be taught in schools compulsory

[sankyppp]

About 40 yrs ago, my father bought a bigger flat so that our then joint-family could have more space and a front-facing home, something he felt that his parents and siblings deserved. He arranged money from relatives and paid them back in a few years' time. One big blunder he made was, paying the money for buying the flat and putting his younger brother's name on it instead of his own, thinking that it was a common family asset and his younger brother was not doing very well. He supported them like a father to stand on their own feet, sometimes even taking loans on behalf of the brothers to help start small businesses.
40 yrs later it was decided that the flat will be sold as each of the brothers had made their lives and their kids were also working now. However, now my father had to share the money received from the sale of the house. My uncles claimed that they paid some unrealistic amounts to my father every month so they too deserved a share in the property. My father lived with his maternal uncle till he completed his education and hence was not the most fav child of my grandparents, and refused to support my father. So in the end, my father just got 40% for a flat that he paid for fully. He struggled through the years to pay off the money he borrowed, sometimes even selling my mom's jewelry. Now he does not want to even look at the faces of his brothers.

[jagdishvenkatswamy]

i remember both couples working with good salary and asking me for a loan without interest to buy a plot while myself being a single income with a balanced spending . after a lot of check facts i rejected the reason being they needed money for taking asset and not a do or die case

[rishavbadola]

I don’t have emi’s. Don’t even have a credit card. But i tell everyone I’m in debt😂

[krishnauppar]

I gave about 30 k to my GF to buy a two wheeler. After a month I asked her my money back. Eventually she gave but the relationship was about to end. So I thought it's all my hard earned money and took back every thing i have spent on her. Be it on food, shopping and trips. Now I got my money back and she'll not bother me anymore. I have a peaceful life now. Planning to buy health and term insurance for my family.

[funnlearnforkidshi]

Correct....its ok to become a villain for relatives and friends who are only there with you for money....because even after borrowing and when u ask for your money ( w/O interest) they will blame you that you are so cheap...

[nishabharadwaj]

Every words of yours so true...parents doesn't care..they care for their own need

[investoengineer]

Relations are almost always dead once money transaction happens and there is no accountability.

[amitsharma]

excellent clarity with examples, awesome sir, I am actually the one who started with negative because of this showbaazi, struggled a lot to become positive surplus after 15 years. All this emotional blackmail actually hits u badly in the long run.

[attitude]

As a family, we have gone and going through almost all the examples so far. As the youngest, I went through all the persuasion, cajoling, threatening and requesting favors for irresponsible relatives and ended up crying. However, I am laughing 😀now, listening to you. We need to abandon American/western materialism and consumption and get back to living the life of our ancestors with a modern outlook.