I have a suggestion to youth. Bookmark this video and watch it again after 1 year, 2 years, 3 years etc (may be after getting married, after having child, after spending good amount on house purchase, good amount for child ) Every time you may get a fresh perspective. I watched this video 6 months ago for first time. I was not convinced with some contents at that time. Now I get a new perspective and understand more clearly. You are true clarity giver 👌
Correct....its ok to become a villain for relatives and friends who are only there with you for money....because even after borrowing and when u ask for your money ( w/O interest) they will blame you that you are so cheap...
That is what should be addressed first. If we address the declining moral values in the society, the other probelms arising out of it will get solved automatically.
I gave about 30 k to my GF to buy a two wheeler. After a month I asked her my money back. Eventually she gave but the relationship was about to end. So I thought it's all my hard earned money and took back every thing i have spent on her. Be it on food, shopping and trips. Now I got my money back and she'll not bother me anymore. I have a peaceful life now. Planning to buy health and term insurance for my family.
excellent clarity with examples, awesome sir, I am actually the one who started with negative because of this showbaazi, struggled a lot to become positive surplus after 15 years. All this emotional blackmail actually hits u badly in the long run.
Do u believe in god..have u seen him.. why do drop money in boxes.. this world u have humans n needs r n will be forever.. all have it but some do not understand.. every family has a black sheep.. this is my side of the story.. u r master of your fate..complaining won’t take u anywhere.. find a concrete solution..Tc bro
As a family, we have gone and going through almost all the examples so far. As the youngest, I went through all the persuasion, cajoling, threatening and requesting favors for irresponsible relatives and ended up crying. However, I am laughing 😀now, listening to you. We need to abandon American/western materialism and consumption and get back to living the life of our ancestors with a modern outlook.
@@aarvind3901 Live within your means, don't spend more than you earn in other words. Then we won't need to borrow whether from cards, family or friends and demean ourselves.
Another thing I try to adopt is that if I borrow anything on an urgent basis, I endeavor to return the same with the same urgency once my need is fulfilled.
Some relatives approach for signature of guarantee and the loan will never be repaid.They request you to do one signature simply but nothing else.That is a very big trap.
So true. The bank exists to give out loans, and despite that if they are not giving loan to someone, then it's tells you a lot about the person's credibility and credit score.
I lost my dad when I was 10. It’s been hard for me to grow up alone, but I did, with people like you helping me out with their life experiences and knowledge. Thank you for creating such quality content.
Well people ask money from only those whome they expect money , u can give advice n sgow them your situation they are close family member hope they can understand
Just started watching your videos. Its really great and practical. I also think on similar lines of urs and very happy got somebody who is explaining on the same. Thank you
Thank you for making a video on this sensitive topic. This would help people who feel guilty for not lending money to relatives as they forget to take into account the sacrifices they had to make to have some spare money at hand. Thumb's up.
My own brother doing nothing asking money n support from me...he has kids n living his life from my mother pension, to test when I said divide the property he strictly refused...how clever 😮 now we are not in good terms
This is the first time i m 100% agreeing to you as this is so close to my own reality...always expecting in-laws without seeing our sacrifice in life..we did not go on any foreign trip , do not always travel in plane. Take trains to places less then 20 hrs journey but they have not traveled in trains also gone on a foreign trip.. As most of it we are financing ..moral of the story is no one feel the pinch if its not their own hard earned money getting spent even if its their own son's hard earned money..they are ready to splurge..
Good idea not give money. They never return. I gave money to One of friend after 3 month never gave back. And he kept pushing on. Finally he gave back after long time .Just to make him understand I asked him money and did the same to him kept pushing around the date . And Finally gave back the money asking one question how does it feel now. Best thing what u can do while saying no is “come I will take u for lunch it’s on me. But I don’t have money to lend u”
ये विडियो देखने के तुरन्त बाद किसी रिश्तेदार से अपने पैसे वापिस देने के लिए अशोभनीय भाषा का प्रयोग ना करें, 2 दिन बाद बात करें। जितने पैसे जरूरी हैं उतने ही रिश्ते भी जरूरी हैं । बाकी आप अपना विवेक काम लेवें। धन्यवाद।
In my opinion before lending to anyone we should know about the person financial background and paying capacity of the particular individual bcz I believe lending money bridges the gap between the close relatives.
Just learnt this lesson... I gave money with respect but when asked to return, I was humilated and after a tough words I got the money...😭😭😭😭😭 People love money but don't know how to manage it.
The way I deal with such situations is quite different and a bit rude. If someone asks me to lend him money I simply ask, o.k. I am going to give you as much money as you want provided you have something to give me as security and that everything will be in writing. I believe that It is better to break relations with those who want to be in relation with you only for the sake of money. The earlier such people go from your Life the better.
1. Really enjoyed and agree to what you said from start to end about the complexities of financial txn with relatives and friends. 2. But, would also request you to cover good debt bad debt point. For example, someone starting a genuine business, someone using money to grow business and has history of being deciplined. 99% people whom i meet have very negative view towards loan, to a point it is considered a taboo and looked down upon. However, deciplined financial transactions for business (or say for assets rather than expenses) need some respect. Today person taking loan for business is made to feel like a begger. Might be clear that i am representing borrower community, and i can proudly say in 10 years with the delta (difference) in borrowing rate and business returns, we have provided steady cashflows for lenders while ourselves reaping benefit of capital gearing and lastly, due to trust from lenders have been able to grow business smoothly.
sir, I bought only Honda 110 although people (including my father) tried to push me into buying a bigger bike ( bullet, Honda 350, benelli imperiale etc)
A colleague took money saying she needed it for sonography in pregnancy. Its been 2years and not returned it yet 😢😢. On top of that,she posts regularly on social media her happy life 😂. Lesson learnt -break friendship but no money lending now .
I mostly agree except for giving money for appreciating assets. Whatever it is you shouldn't loan money to people. They can wait a few extra months to save for their down payment if they need to
Lent money - more than a crore and got back half of it that too after years without any interest. Even though the ones who returned are behaving as if they favored me.
My cousin brother wasted lot of money on his vices,with lot of loans to repay and no reserve for emergency. He is critical and under treatment for life saving but no money to foot the bill. Now my dilemma whether to help financiallywith no chance of getting it back. My family is not in favour of charity by me. Dharamsankat,what to do.
1 thing u can do is gather some common frnds between u n him n contribute a small amount each one of u so that he will hv the slight pressure of returning back to many but in a healthy manner
