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Same here. If I'm able, I'll loan whatever amount necessary. Some people pay it back, some don't. I never tell them they have to and I never expect them to. In
by Sakos 4y ago
Same here. If I'm able, I'll loan whatever amount necessary. Some people pay it back, some don't. I never tell them they have to and I never expect them to. In most cases it's been worth it, because 1) they know they can count on me when they're having trouble (and that's important to me) and 2) I've found they'll help me in whatever they can if I do need help.
I've also asked friends for money and I've been incredibly grateful to have people who have had my back in that way. There's a sense of security there that's invaluable.
Some people are just perpetually bad with money and always come back for more, and that's okay too. As long as I can afford it, I don't mind helping somebody out of a tough spot, even if it's semi-regularly.
I wonder if Carmack ever regrets lending money to somebody.
- ryandrake 4y agoI don't remember where I read this, but a good compromise strategy for lending money you don't think you're getting back might be this: 1. Assume it's never getting paid back and only lend out money you're willing to lose. 2. Tell them if you get paid back in full, then later, they can ask for another loan. 3. If you don't get paid back, then consider it a gift, but no more loans to that person. This way, you can continue helping people who are down on their luck but responsible about paying back, and you avoid being drained by deadbeats.