Wowwwwwwww, I can’t believe I am already following 90% of these tips. My parents faced most of those situations and I already learnt from them 20yrs back
The best way to avoid giving money to your friend in whatever form, be it money or being a guarantor is that you tell him that your father had done similar mistake when you were kid, because of which you suffered and therefore you have chosen for your life not to do the same mistake of lending money or be a guarantor for anyone in life. They will never come back asking for money from you.
I am 27, and trust me this video is extremely insightful for me. Having given a loan to a friend I feel I have compromised my friendship as the warmth is missing now. I sometimes feel like asking for my money back but at the same time, I do not want him to hate me for that! I feel I should have made an excuse that time but I did want to help him.
Sir, this is what happened in my life, I stand garenteer to my brother, my friend, my mother brother and also to my father but everyone did hands up and I went into debit trap and took for me almost 5 years to come out to lead my normal life... 😭
It is impossible to say no to your brother or sister when they know you are capable. You have to choose one money or relationship. If you give part money when you know situation of other side. You are the last hope.
If one cannot help friends and relatives, whats the use of being such a millionaire. If we dont help our near and dear ones, who will? And if we have the need who should we turn to? I agree we need to be smart with money, save enough for a rainy day etc.. but everything should not only be focused on me myself mine. Based on the need if its a medical or education need one should always help friends amd relatives
Not disclosing might hurt our close ones. Better to lie and underplay your income. Whenever finances are discussed, pretend to be going through financial difficulty. Complain about rising expenses every now & then.
i have seen too religious , but regarding money matter worse than no religious person and i have seen relatives too close , but regarding money matter worse than strangers for indirect decent cheating and both these groups are too justice all matters except money matters
