133 Why financial enablement doesn't help those you love
from Working Women's Wealth Hosted by Lisa
Financial enablement is when we help people out with money. Whilst it's something that most often comes from a position of love and care, it ends up slowly weakening the person we're helping. Like all things in life, when it comes to financial enablement, there's a fine line between helping out and enabling. Like a piece of chocolate vs a slab or a ball of ice-cream vs a tub. As one of my mum's friend put it, "the difference between your kids having a safety net if stuff happens, and them lying in a hammock". One of the places i've come to see it is in the supporting of a loved one starting a business venture. It's about to get going - so more money gets sunk. I recently woke up to the cold reality I'd been financially enabling myself.
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