
19. Loaning To Family or Friends Just Doesn’t Work
A deleted Reddit user shared their story, saying, “Not necessarily a lot of money, but it was a good amount. A situation did happen when the money my dad and mom were going to invest in buying property in the Caribbean didn’t happen due to her cheating and all. We had some family become aware and my dad, being the generous man he was, gave in to such demands from family. The family he hasn’t talked to started asking for phones, clothes, etc. He gave in. I was mad about it because he was just giving our hard-earned money away to people we haven’t been in contact with for years.”
“Things started to go downhill when my dad bought me a rather expensive gift and my family found out. They started saying I didn’t deserve it and it should be given to them instead. They called me a mooch, and my dad finally realized what they were doing. The money dwindled quickly, and now we’re starting over from scratch with nothing.” This family went through a trying time with the mother’s infidelity. No matter how rich you are, it’s a good idea to avoid loaning money to family or friends to save you a lot of heartache.