Another means to a financial ruin.

I have a friend who loves his family so much and there is nothing he won't give them, as long as he has the money he will lend to any family member. I believe there is nothing bad about giving your family money but it is a kind of idea that I don’t support. Today he messaged me about how some of his family members owe him a lot of money and he has tried his best to collect the money but none of them are paying back. He also needs this money to start up a business, but he’s not getting it back and that is not the major problem here. The major problem is now having an issue with some of his family members.

The way my friend was talking on the phone it is obvious he’s already fed up and he’s even planning to arrest them so that they can pay back. He’s trying to go the extra mile to collect his money because according to him he believes they have the money but they don’t want to pay him which I think most family members normally do just because you are blood-related. When they lend money from you they are always reluctant to pay back and the main reason why I don’t support lending family members anything is that they will never pay back and it is one of the bad things to do, it can ruin you financially, and you might not be able to recover. 

It kills bonds easily

This is one of the common things that I know create arguments between families because money comes with emotions, no matter the love people have for you immediately money is more involved they might do things that you don't expect and act in a way that will surprise you. I believe when people lend money from a family member they don’t always take paying back seriously just because they lend from someone that they know which doesn’t always end well at the end of the day. These cause problems for a lot of families and that is the main reason they lose connection and one of the reasons why the bond is not there anymore. 

Family bond is very important and you must know how to manage people around you, especially your family. The easiest way to be financially doomed is to lend your family money because they will never take paying back seriously and in most cases, if anything happens you won't be able to do anything. It is better to just give them the money and have it in your mind that you are giving this money to a charity because there is a high percentage that they are not going to pay back and if you don't want to lose your family just give them instead of lending. Never put your if you lend them not to have any emotional connection to trigger you to do things or say things that you aren’t supposed to.

Thanks for your time.

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