And two,
treat any money you lend as a gift, rather than as a loan.
She's a financial planner and president of Arkansas Financial Group, Little Rock, and says to
treat money you lend to relatives or friends the same way you'd treat money you take to the racetrack: Never lend more than you can afford to kiss off.
Not exact matches
-- «If you
lend money to one of my people among you who is needy, do not
treat it like a business deal; charge no interest.»
If you intend to repay, one way is to
treat yourself as an «employee» and the financial entity then
lends this employee the
money.
However, if you do decide to
lend money to a friend or family member,
treat the loan like a serious financial transaction.
But such financial arrangements, in my mind, are fraught with issues: I've seen many relationships go sour because of
money, so much so that I caution anyone who's considering
lending to family or friends to
treat such agreements formally, as you would any business deal or contract.
Put yourself in the lender's shoes: One of the first things you'd look at before
lending somebody
money is how they've
treated borrowing in the past.
Castelli
treated his artists like family, Stella says, nurturing their talent and occasionally
lending them
money — a far cry from today's corporate - minded megadealers.