re: Cousin just asked me for money: he’s a high income earner and parents are wealthy

quote:

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Are you cool being out $50k? Are you cool watching your cousin burn your $50k and him still consuming at the current rate? When he gets a new car, goes to Europe w/ the fam, wife gets new boobs, whatever, is that going to burn you up? If not, consider loaning him money with collateral backing and clear terms.

If you're going to be cussing his instagram because Brayleigyn and Braxtyn just got a new Club Car to cruise the hood, and he still owes you $49,900, don't lend.

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This is prime.

That’s the main reason for the no money and friends/relatives things, it’s hard not to become their finance inspector, whether that’s fair or not.