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Is It a Dumb Idea to Lend Money to Family or Friends?

  • Broadcast Date: May 18, 2021
https://anchor.fm/s/58f00cb4/podcast/play/33777820/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2021-4-18%2F187754530-44100-2-dffddb66a7206.m4a

Podcast: Download

In this episode, Dr. Randy Carlson and Intentional Financial Expert Parkey Thompson dive into the question of whether or not it’s a good idea to lend money to family or friends.

In this episode, you’ll discover-

– What research shows about the impact of lending on vital relationships

– Can there be legal ramifications when lending certain amounts of money?

– The difference between a loan and a gift, and between a need and a want.

– What can you do to be helpful if lending isn’t the best option.

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