Being the financially smart person who always has surplus cash, I’ve had the nasty dilemma of lending people money. But I’ve also experience some financial set backs that had me defaulting to friends and relatives for help. So it seems like I’ve trashed Shakespeare’s old adage, “Neither a borrower nor a lender be.”
As a lender, you choose between two things – 1) risking your money on the loan and 2) kissing your friendship good bye. As a borrower, you risk being indebted to the person financially and morally. And that just basically sours things up. Believe me when I say you forfeit certain liberties when you owe someone close.
A real Kobayashi Maru of a situation if you’d ask me.
So what are you to do? If you need money, seek other means of getting the money. After dealing with the situation, just make sure you work your way to a financial position where you won’t need loans from any other sources. If you’re the one being asked for money, think hard about your options. Will you be able to risk relationships. If the amount can be comfortably absorbed by your finances then offer the money as a gift. That would lessen the strain but mind you that things will be different. Better yet, try to offer other means of helping other than doling out the money yourself
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment