- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: A good buddy called me asking for money yesterday. Update 6/12
Posted on 5/26/23 at 10:26 am to LegendInMyMind
Posted on 5/26/23 at 10:26 am to LegendInMyMind
A good friend would empty the 401K for him
0
Posted on 5/26/23 at 10:27 am to LouisianaLady
quote:
. How are you not a ball of anxiety at that point?
Its the "grab it all while you can" mentality."
When they fail, they'll do it again. Seen it over and over.
Posted on 5/26/23 at 10:29 am to RogerTheShrubber
quote:
Its the "grab it all while you can" mentality."
I despise owing money to anyone, even the bank. I like living well below my means.
I can understand someone falling on hard times due to job loss, health issues etc.
This post was edited on 5/26/23 at 10:30 am
Posted on 5/26/23 at 10:30 am to Cosmo
I loaned a friend money once. It worked out for me though, as he paid me back with a little interest. It was only $1400 though, and it did take a while to be paid back. How much did he ask for?
EDIT: Never mind I see the amount in the thread.
EDIT: Never mind I see the amount in the thread.
This post was edited on 5/26/23 at 10:33 am
Posted on 5/26/23 at 10:32 am to Cosmo
quote:
they are the classic 80-90k millionaires
My now late brother-in-law was the exact same way. Lived in the suburbs outside Atlanta, always had the big truck for himself, new car for the wife----who didn't work----the 2 story house on a corner lot in a nice subdivision, the toys to keep up with the neighbors in the likes of a motorcycle, boat, camper, etc.
He was so upside down it wasn't funny but didn't want to sell off the big boy toys to help himself out and counted on family to help bail him out. The wife decided to lend him some money once----never got it back, never lent any more money either.
He ruined his dad's credit score by having him sign off on a loan and then reneging on the payments, borrowed money from one brother and he finally did pay him back only after a few years of hounding.
Posted on 5/26/23 at 10:33 am to Cosmo
One thing that stood out to me was that he needs the money to pay insurance premiums. This is how the middle class is being squeezed, IMO. You can go cheaper on cars and houses, but the insurance is still through the roof. I’m at the stage where my kids are driving but not independent. Even liability alone on a $4k car is a lot.
Posted on 5/26/23 at 10:33 am to hellsu
quote:
They are well living over their heads.
It's insane to me how people will live so close to the line where one hiccup, like a change in insurance prices, puts you over the edge.
My wife and I still have toys but live below our means and have sizeable buffers should things go south. Having a bankruptcy attorney for a mother and her parents being immigrants probably helped with our mentality.
Posted on 5/26/23 at 10:36 am to Cosmo
I wouldn't worry about it. You don't really seem like his friend, so I'm sure you will be fine.
Posted on 5/26/23 at 10:40 am to Cosmo
Sad thing is he probably maxed out his credit cards so whatever you give him, probably is paying the min amount so he will be in the same proverbial boat next month.
Posted on 5/26/23 at 10:41 am to Palomitz
quote:$200 to a blood relative is pretty low to expect to be repaid, especially after 10 years.
had a similar situation but a cousin (not friend) once asking to lend him $200 due to financial difficulty. I understood his situation and it was a valid one so I let him borrow it.
Fast forward 10 years and he still has not paid it back. He works full time now and I know that he can afford to pay it. I have not asked him for the money but in all honesty I lost a bit of respect for him. My other cousin told me I should have not let him borrow the money.
Posted on 5/26/23 at 10:45 am to sportsaddit68
quote:100%. Either he lost a job or a side piece is squeezing him. Or there is a drug / gambling problem.
I haven't read all the other stuff so I'm sure someone said this, but if this friend is going to you for money without selling his stuff or going to family first, then this friend needs the money for something he doesn't want the rest of the family to find out about.
Best thing to do is an intervention. Sit him down with a couple of other friends and get to the bottom of what is really happening. When people are as stressed as he is sometimes they miss some easy fixes.
Posted on 5/26/23 at 10:45 am to Cosmo
He doesn't sound like a friend and he's out of your life forever.
You just lived A Bronx Tale
You just lived A Bronx Tale
Posted on 5/26/23 at 10:46 am to Cosmo
quote:
Insurance premiums now going up. Other bills going up. Salary isnt.
How would he pay you back or is this to be a gift?
How will he get through the next stretch?
Posted on 5/26/23 at 10:46 am to mmcgrath
quote:
$200 to a blood relative is pretty low to expect to be repaid, especially after 10 years
I wouldn't expect the money back and I'd have forgotten about it after a month, but that tells me something about their character. It should bother you if you borrowed money and never paid it back.
Posted on 5/26/23 at 10:46 am to Cosmo
ehh never lend anyone money.
Think about this, he was already lent money and cant pay it rt now or he wouldn't be coming to you.
Think about this, he was already lent money and cant pay it rt now or he wouldn't be coming to you.
Posted on 5/26/23 at 10:47 am to ghost2most
quote:
It's coming for me. I don't live beyond my means at all. No debt other than house on 2.75% loan.
Same, but insurance is what’s squeezing me. I have one kid in HS and one in college and between educational expenses and insurance, it’s tough. House and cars are well within my means and we didn’t take a vacation except to stay at a beach house my parents paid for for over 10 years. I would definitely have reservations about loaning money to someone living large and maxed out. If i had the money to give and it wouldn’t take food off my table, though, idk.
Posted on 5/26/23 at 10:48 am to mmcgrath
quote:
$200 to a blood relative is pretty low to expect to be repaid, especially after 10 years.
His blood relative is a POS for not repaying it. I guarantee you he remembers it every time he sees him. Thinking he got one over on him. There are plenty of ways to curb your lifestyle and or make extra money if you just try.
Complete disasters aside, don't lend people money. All you're doing is enabling their lifestyles that brought them to that point.
Posted on 5/26/23 at 10:49 am to Rick9Plus
quote:
Same, but insurance is what’s squeezing me. I have one kid in HS and one in college and between educational expenses and insurance, it’s tough.
We just started paying teenager car insurance last month. Good times
Posted on 5/26/23 at 10:54 am to Cosmo
quote:
He basically said nothing yet, just gotta get through this stretch. I said I would only consider helping him if he helps himself first and shows me he is cutting back, selling some stuff. He gets kinda angry at this point like Im accusing him of something. Calms down and we just kinda end it. Hope I didnt lose a friend.
frick him. They’re obviously too self absorbed to be truly helped right now if the rest of your post is accurate. 2 boats? Yeah get fricked.
Posted on 5/26/23 at 10:56 am to Cosmo
Unless it's like $20 or something, don't do it. Even if it's your friend.
1) He should go to family first
2) Once you give him money, he'll keep begging and begging for more
3) Most importantly, sell some of his fricking shite. He doesn't need 2 boats/side by side/vehicles like that/eat out all the time
If he decides he doesn't want to be friends anymore if you refuse, then it's his loss. Not yours.
1) He should go to family first
2) Once you give him money, he'll keep begging and begging for more
3) Most importantly, sell some of his fricking shite. He doesn't need 2 boats/side by side/vehicles like that/eat out all the time
If he decides he doesn't want to be friends anymore if you refuse, then it's his loss. Not yours.
Page 11 of 19
Popular
Back to top
Follow TigerDroppings for LSU Football News