S2 Episode 4: Money & Relationships - Should You Lend Money to Family?

Send us Fan MailIn continuing with this season's theme around money and relationships, we're tackling the discussion around lending to family. Many experts say not to mix money and family, but is this practical for most? Especially for immigrant families? Probably not. I share examples for times where I've borrowed from family and I also shared an experience where I had to turn down a family members' request for a loanIn this episode, I cover  5 Things To Consider In Making Your Decision:1. Know your family and the specific family member in question2. Save Yourself first3. Don't lend more than you can lose4. Ask questions, but when you say yes, don't attempt to control5. Have the conversation. Knowing that some situations may go awry, I wrap up this episode with tips on what to do if a family member does not pay a loan back, and what to do if you've never been asked for a loan. Thank you for listening to this episode of the Rich Immigrant podcast, please rate, review, subscribe, and share this episode on Itunes Stay connected with the podcast and join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'