Personal Finance
Do not do this if you want to remain friends with someone
By Early Retirement SG  •  August 19, 2017
Have you ever lent someone money? I have. Twice in my life. The first time was $15,000 and the others was $4,000 to two different people. On both occasions, once I hit the transfer button, I regretted it immediately. I don't know why I didn't learn my lesson after the first occasion and I was dumb enough to do it again. Lucky for me, both returned the money to me in a reasonable enough time after I bugged them for awhile, within 2 mths. Essentially, they already had the money on hand but since the due date was not up, they conveniently did not return me the funds. The thing that crossed my mind was very simple. How was I to determine that they really needed the money for whatever story that they have told me? What if after I transferred them the money, I see them driving around in a new car? There's very little ......
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By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...
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