Comments on Financial Peril

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My g-uncle, who was like our grandfather since our grandfather passed away far too young, always told us, "Don't lend money expecting to get it paid back to you." Maybe the 401K will help them. It's sad they never learned to manage money.  

posted by Sea_Gypsy on March 17, 2019 at 5:17 PM | link to this | reply

If I had it, and there'd be no sacrifice in the giving of it, then I'd be

inclined to help, but if it's their pattern, then helping now would just be putting off the inevitable for another day. It's hard to get a leopard to change its spots.

posted by Pat_B on March 17, 2019 at 11:44 AM | link to this | reply

I don't think I would dare ask any of my relations other than my siblings for a loan.

Years ago if asked by someone to lend them money. I would bite the bullet and say no but I will give you a few pounds ,if everyone did that it would help you out. I knew i would never get the loan back and although I could not afford to I thought the first loss is the best.

posted by C_C_T on March 17, 2019 at 11:29 AM | link to this | reply

I am agreeing with Ann. Why should you young ones who worked hard with your studies and now work hard in a family business, be rescuing family that obviously will never change while you are all there. let your Aunt work out her finances and yes sadly eventually they will lose all. BTW i would be paying off my share of those house lots and separate from the aunt and Uncle if you can. 

posted by Kabu on March 17, 2019 at 11:22 AM | link to this | reply

While it is the first impulse to rescue our friends and family when they are in trouble, your sister is right, in the sense that people in trouble learn that they will be rescued every time. And clearly, that has not worked for your family. So it comes down to doing something differently, if there is to be a different result. Maybe going through legal systems will be that different thing, maybe it will force them to look at their situation as responsible adults instead of as children depending on being bailed out.

posted by Ciel on March 17, 2019 at 6:51 AM | link to this | reply