The Dark Side of Lending Money - Dave Ramsey

Uncover the unforeseen consequences of lending money to family with financial guru Dave Ramsey. Discover why personal loans between family members may lead to a Master-Slave dynamic, straining relationships to the breaking point. Dave shares a personal tale elucidating the emotional turmoil and the long-term fallout such scenarios entail. Are you considering loaning money to a relative or co-signing a loan? Before you do, delve into this short to understand the dark side of lending money within the family. Your financial peace and family harmony may just depend on this vital insight. Keywords: Dave Ramsey, family loans, lending money, personal loans, financial advice, relationship strain, Master-Slave dynamic, co-signing loans, financial peace, family harmony.

[dolliscrawford]

Mom loaned me money with a contract, and it taught me how loans work and prepared me for real life.
When I loan someone money, in my own head, it is a gift, so if they pay me back, I am happy, and if they don't, I never ask for it.

[spconrad]

Definition of a co-signer: an idiot w a pen. 😂

[truthhurtzu]

Don't I know it. The only time I hear from said person is when they need more $. No mas