I BROKE THE RULE OF LENDING MONEY

What I did and why I did it, regarding my recent disregarding of all the cautions I’m always advising overseas retired guys.

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[gregsmitz]

I have given money and even a used car to my brother's. I have yet to see it back. My one brother sold the used car 3 months later and haven't seen any money from that. Goes to show you, never loan money to anyone, even family. I mentioned to my girlfriend in Thailand that I am not a bank

[HostLuke]

Fell in love with a Laos girl living in BKK for the last 20 years, she asked for a loan for a Hilux or Ford Ranger, needed about $12, 000... I think I would have helped her out if I was there on a full time basis..But just seemed excessive in the early days...I refer them to online small loan companies on these Apps available. But the laos people tend to hate using finance

[guythompson]

Never loan out money you are not willing to lose. Basically a gift. If they are honorable they will endeavor to pay you back as soon as possible. I for one like my money more than people. I have a very easy time saying no.

[svenw.]

Be careful now. You did it once and they payed it back correctly.
Next time it will be a bigger amount, and you can be 100% sure that there will come a next time. That's the time you need to say no to whatever loan request you going to get in the village.

[charliestoybox]

Every time I lend or Co-sign for my brother, I know that I just gave him a gift as he’ll only make the first three payments at the most. I expect it and won’t help him unless I can afford to say goodby to that money. Same with friends. I always consider it a gift but appreciate it when paid back.

[SupplySergeantDeliverySystemsL]

I believe the emotional dynamic between your fiancé and you need to be protected.
She asked you (increased the chances you would say yes) for help for her friends( maybe the water buffalo is sick, or the long game is in effect)
But you can’t think every Thai person is a scammer. There good people all over the world.
Thank you for sharing.

[MoshiraMitano]

Robb ! Going down a dangerous road. (lending money, building homes) none of my business but easy to comment since its on YouTube.

[karlaschmid]

Love your videos, Rob. Thanks for the education too.

[gene_retire]

Greetings from Blair NE. Got your book in the mail. Thanks so much. Looking forward to reading it. Keep up the great videos.

[tubewatcher]

I'll join the chorus of never lending more money than you're willing to write off. There are crazy people who, when pressed for repayment, might believe that a discount heetman is more cost effective and more emotionally satisfying.

[rodhurst]

Normally the people refinancing the loan pay off the previous lender at least that’s how it works here but not important the important thing was you stood tall and helped out. 6k is not chicken feed in my book either. Sounds like it was repaid and appreciated which is the second and third best thing. Everyone happy life is good.

[DamienYuen]

No matter where in the world the same shit usually applies. If you loan money out even to a family member you should just look at it as gone. The chances that you get paid back are not in your favour so don't look at it as a loan. You are simply gifting money to someone. I learned that the hard way. But that was many years ago and I don't repeat mistakes. I will not loan money to anyone for any reason. Now that doesn't mean that I haven't given money. You are not a bank and you have no real leverage to get it back unless you want to go the legal route and that is not worth going through and there is no promise that you will even succeed.

[paulwaterhouse]

Dear Rob, I know you are going to build this house in Thailand and I think you should. In my opinion, you don’t need to be worried about being scammed by Fawn she is not out to do that. But here is the problem and I think this fact can often get confused by expats in Thailand as “being scammed” It’s the divorce rate in modern times. The first marriage failure rate is 50% second marriage failure rate is 65% third marriage failure rate is 75% (you don’t need to be actually married just living together). If you focus on your relationship rather than “Are you being scammed” you might beat these poor odds, that all second marriages face. I work in an industry that makes its money from divorce so I have some knowledge here. I love your honest no BS channel, you are a good man, and I have a feeling you will beat those odds.

[Freedom-]

Glad it worked out but any kind of asking for money or loaning money is an instant no for me.

[paulh]

You never lend money, you always give money. You may not know it at the time.

[MrWaterbugdesign]

It's not the body, it's the brain that adapts. Credit where credit is due.

[wytchend]

Hi Robb, in any country, it's perfectly ok to help someone out financially, with DISPOSABLE income. Unfortunately, lending is the wrong word. The money never comes back. It is not a loan, nor should ever be considered one. Thai's know this. You'll almost certainly never see the principal again, let alone interest! haha
I have broken the rules too, and gifted Thai's. It brings me pleasure. Sometimes they disappear after we help? Every day is a learning curve?
Stay well Robb, Keep up the good work. Regards Tony

[HairyPixels]

You helped someone and nothing bad happened. All's well that ends well.

[fazbell]

I did WORSE. I gave money away with no expectation of repayment. This is not a good precedent to set in Asia.

[smileoften-fthq]

A man needs to set out his stall so that others know how things will run in his domain.
First we establish what we are.