re: A good buddy called me asking for money yesterday. Update 6/12

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If my friend can't sell off two boats and a side by side before asking me for money then he isn't a friend I want.

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Dont know if he outright owns any of that and he might owe more than he could sell them for. Didnt get that far in conversation though

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Depending on the amount, just let him use one of his boats for collateral. He doesn't pay you back, keep the boat.


That's not a terrible idea.

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Well, its a better idea to buy it outright with an agreement to sell it back to him at a set price within a set time. that way you don't have to foreclose if he defaults since you already own it. No lawyers, no court. He doesn't come up with the money and you sell it to someone else.

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I can't imagine asking for money and not having first sold off the toys and downsized the vehicles.

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Which is why this whole story feels very fake or at least heavily embellished.

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You did. If you truly thought of him as a friend, you would have helped him out. Instead, you come here looking to clear your mind....you should contact him and take him what he needs

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Completely wrong. You're an enabler.

I no longer lend people money. Dude is a grown arse man and better figure out how to be an adult.

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There's nothing more aggravating than having someone that owes you money yet when you look at their Facebook and they are traveling, buying shite, eating out, etc

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Exactly. Sounds like a baw who already has a summer vacation planned to 30A.

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There's nothing more aggravating than having someone that owes you money yet when you look at their Facebook and they are traveling, buying shite, eating out, etc

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Yup — if the friend were serious, he’d sell his truck and get a 5 year old Toyota or Honda commuter car (let the wife keep the kid hauler), sell the toys, STOP EATING OUT, and limit vacations to once a year, and tell the kids they get one extracurricular activity if it costs money, private schooling for the kids would be the last thing I’d cut (depending on where they live).

He’s not looking for a solution if he hasn’t taken these common sense steps first.

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Love the guy and his wife but will admit they are the classic 80-90k millionaires that the OT talks about. He drives a new f150. She drives a 2 year old Yukon XL. Big into their kids sports and spend a ton of money doing that half their weekends. Kids in private school. 2 or 3 vacations a year. Has 2 boats and a side by side. Eat out all the time.

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I wouldnt even ask a friend until most of this shite was gone. What a dick.

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Which is why this whole story feels very fake or at least heavily embellished.

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Either that or the friend is trying the hide the financial troubles from his own wife/family, and selling those things would tip them off.

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Dude. That was a private conversation

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or maybe Cosmo is really the one asking for money......