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WAW089: Should You Loan Money to Family?
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WAW089: Should You Loan Money to Family?
If you are interested in a 1-on-1 financial coaching session, please contact selfreliantfi@gmail.com to schedule a free consultation. We’re here for you.
Money and family is messy to say the least. It’s something that most people wouldn’t touch with a 10 ft pole, yet for many, it can’t be avoided. Maybe there’s a sense of familial duty, or perhaps it’s a situation where you don’t want to create a long term dependency with. Is loaning money a bad idea? Or are there certain circumstances when you should feel obligated to loan the money? This is a topic that the hosts also struggle with, but let’s dive in and navigate these waters to see if there is an answer to this question… should you loan money to family?
As always, if you have any questions, comments, or topic recommendations, please email us at awordaboutwealth@gmail.com. Subscribe to future episodes of “A Word About Wealth” as we strive to deliver financial entertainment to the masses.
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