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

quote:

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Just got off the phone with a first cousin who works in tech sales. He does well, but also owns several airbnbs and has fallen behind on mortgages. His parents are wealthy but he’s got too much pride to ask them. He needs to “shift some money around”. Should I lend him the $50k?

ETA: he said he’s $50k in the hole but would take whatever he could get.

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You should absolutely let him borrow the money - it sounds like he really needs it.

On another note, I'm in a bit of a bind myself. I only need $25K though. TIA