Loaning others money.

I was in a conversation about loaning people money previously and have decided that I've been too good to my "Friends"

I should cut people off especially if they are not able to return me at the time they mentioned they will return. 

I cut off one and end up with another one. 

Some really good advice below and also things that I heard along the way.

My sister says she tell her friends when they ask her for loan,

If they are unable to return as per agreed timeline or if they somehow need to loan more, they will not be friends anymore. 

Which actually got her friends to hesitate and decide to not loan from her.

I guess I should start telling my friends that if they ever come and ask me for a loan.

Others says just don't loan money to people cause they can work for their own money.
It's not like they are handicapped. 

You cannot expect people to return you your money even if they give you guarantees.
So if you have decide to loan them your money, be ready to never see the money again.

Anyone asking you for money more than 10% of your salary and it's not for medical reasons, You can just cut them off. 

Anyone who ask you for help with a huge phone bill, they have financial issues you cannot fix. Do not lend them the money.

Never lend a gambler money. Even if they told you they have already quit. Cause they might not have quitted and is just lying to you to get more money to gamble.

Loaning money to people is like discounting your own life. 
You give them a portion of money you have slaved to get and they just splurge the money for you.

OMG I know my life is more important then theirs but I just keep falling into trap like this cause of my soft heartedness. Need to be more heartless. : (

Loaning money to people is like gambling too.
Gambling if they really need the money and if they will return the money to you.
If you decide to gamble, be prepared to not just lose money but also the friendship you have with the other person.

If there's not much friendship to begin with, then don't discount on your life by lending the money to the other party.

I SHOULD PIN THIS POST UP SO THAT IT CAN REMIND ME AND OTHERS TO NOT LOAN OTHERS MONEY. Oh and as we adult, we will naturally have less friends so I guess when the loan request comes, its the god way of telling you it's time for friendship to -1.


Comments

Post a Comment

Popular posts from this blog

Forgetful :(

Image
Too forgetful lately. Previously I left my wallet in school. Luckily someone returned it to the office and I managed to get it back. Otherwise I would have lost $300 just to get my IC replaced. Went out for surveying with my colleagues today. Took out my tablet for photo taking and recording of notes and then my colleague asked me to help shine torchlight (using phone) at where he wanted to take photo. (To get a nicer photo) Then I totally just put down my tablet on the nearest table and forget about it there! It was until after I left the place, board a taxi, sat down and decide to take a look of the photos taken then I realised that my tablet was missing! Spent the whole journey trying to recall where I left it. My colleague deduced the correct location though my colleague claim to not see me use my tablet when we were there. Apparently after we got back and have lunch and flip through the photos my colleague took, there was a photo of me using my tablet at the room...
Read more

2 Weeks left before Circuit Breaker Period is over

Only 2 weeks left before the circuit breaker period is over. Although I really enjoyed my time during this circuit breaker playing games and goofing around, But looking at the situation, I have got no choice but to start catching up with what I've missed while goofing around. A second extension seem unlikely at this conjunction. Despite still having 600 over new cases tested in the dormitory, the number of cases in the community is quite low. (OR JUST THAT WE ARE ALL NOT TESTED) That means that if everyone follow safe distancing and ensure personal hygiene, it should be safe for people to head out. Furthermore, some of the sectors are already opened for business. Which means that if there is no sudden surge of cases in the local community,  there is no need for further extension. As we are expecting no extension, it is time for us to start working hard to catch up on whatever we have left off while goofing off (Only applies if you are like me). Staying at home makes it hard for me ...
Read more

4 out of 12

I drafted this post on 30 April I was thinking to spend time after to think of how I plan to finish writing everything whether it should be a goal review + summary or just a normal post.  But I didn't.  So here it goes. ;    April has been an eventful month.  The studio that I’ve been going to for fitness is closed as they need to relocate. Didn’t feel like there were any other studios I wanted to try so I decided to host my closest classmate to do fitness together in my house weekly until the studio reopens.  I’m pretty bad at hosting but I think it gets better over time.  Anyway I’ve also been exploring Pilates while the studio is closed. Really enjoyed doing reformer pilates!  Then, I went on a vacation with a group of friends for the first time.  6 days away and goals are thrown out of the window for the 6 days. 😮 I did pack my bag every day though so that I don’t bring too many unnecessary things out when I am out and about. Next we hav...
Read more