Friday, October 1, 2010

Tip & Quotes of the Week September 17-October 1

Family Relationships
When it comes to money, family relationships can be in serious jeopardy. That is why I never recommend borrowing or loaning money to family for the fundamental reason that it changes the relationship. Despite what you might think, you are no longer just parent/child, siblings, cousins; you are master and servant.

Homework:
Stop borrowing from or loaning to family. Make it a priority to pay off your family debt as soon as you can. You or your family might not think it's a big deal, but your spouse might feel differently. Life is too short to let money come between your family relationships.

"Borrowing is not much better than begging, just as lending with interest is not much better than stealing." Doris Lessing

"People cannot live by lending money to one another." John Ruskin

"The rich ruleth over the poor and the borrower is servant to the lender." Proverbs 22:7

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