Topic: People keep asking me to borrow money, some of them for betting - page 10. (Read 1870 times)

These days I've grown to categorize everyone as the same when it comes to loaning people money for whatsoever reasons and I've only come into the conclusion never to loan someone else an amount of money that I cannot afford to lose forever but rather to loan out funds that I can instead afford to let go when I have to.

This may be peculiar to my own environment or society but many people here do not know how to refund borrowed funds regardless of their relationship with you and they have to make you go into hell before you get a repayment or refund of your money from them. Hence, my decision not to allow anyone kill my budgets or finances.

I can agree with your stand here. These days, if someone borrows you money, most of the time, you won't see it coming back as per arrangement. Very rare that you will see a person who will respect your agreement and will pay on time as promised. There's nothing wrong if you will say no to people. Because if it will ruin your budget and you will be the one suffering from it, then, better be straightforward rather than say yes, but you will suffer afterwards.

I can agree with your stand here. These days, if someone borrows you money, most of the time, you won't see it coming back as per arrangement. Very rare that you will see a person who will respect your agreement and will pay on time as promised. There's nothing wrong if you will say no to people. Because if it will ruin your budget and you will be the one suffering from it, then, better be straightforward rather than say yes, but you will suffer afterwards.

As I experienced it too, because I looked like I had a lot of money and was likened to a walking bank.
There are many people in my neighborhood who are not even familiar at first suddenly become familiar because they want to borrow money,
whether the purpose of borrowing for their basic needs or for gambling etc. (Slot gambling is quite popular in my place).

I never respond to those who insist on borrowing money because I know that in the end I will bear the risk of collecting the money back,
but it will take a very long time to pay off.

Someone who only borrows for gambling purposes only, I really won't respond because they will just get into gambling and waste the money.
It is no longer entertainment, but an addiction to keep playing.

There are many bad examples that occur when the slot games,
they do suffer a lot of losses to make them sell their valuables. It was sad to know that fact.

These days I've grown to categorize everyone as the same when it comes to loaning people money for whatsoever reasons and I've only come into the conclusion never to loan someone else an amount of money that I cannot afford to lose forever but rather to loan out funds that I can instead afford to let go when I have to.

This may be peculiar to my own environment or society but many people here do not know how to refund borrowed funds regardless of their relationship with you and they have to make you go into hell before you get a repayment or refund of your money from them. Hence, my decision not to allow anyone kill my budgets or finances.

Loan and relatives doesn't go together, as in most times relatives do grow a feeling of entitlement about money borrowed to them by their brother or a sister. It's an awful experience I have had more than twice  and you just can't go the extra miles just to get your money back when you remember he or she is a relative unlike if it's was to be an stranger on the grounds of business. 

Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?

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I don't know where people get the amount of money they think I have, they must think I look like a bank...
-snip-

It has become increasingly common for friends and not-so-close "friends" to come and ask me to borrow money. I don't usually ask for the purpose, but some ask me because of betting at online houses.

The last time I lent money to a colleague, who I hadn't had much contact with other than at work for a short period, it was with great difficulty that I got the money back.

I don't know where people get the amount of money they think I have, they must think I look like a bank...

Who likes having to borrow money? Unless you are a loan shark and lend with collateral where the risk is almost zero, why lend money where you end up with a loss? 'cause in addition to no one paying you with interest, most never pay you on time, at least you will get your money back after repeated charges.

Some people even go so far as to ask me to borrow money for what? to bet!! What a joke. I answer briefly and bluntly that I don't have the money to lend for these purposes!

And the worst thing is that they ask me for small amounts, like $2, 5, 10$... I think that if the person doesn't have that money now, the chances of them getting that money to pay you are low. If the person is in need, it's easier for them to confess right away to see what I can do, because I'm not a bad person.

Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?

And when they are female friends, do you lend them?

People who lend money, lets check out how greedy you are When you land money, do you expect the same amount in return of want to get something extra? And if you lend money for gambling, do you expect given amount in return, or percent of a win? In case you lend 100 bucks and a guy wins a million, you expect 100 or more ? Such question appeared because I have remembered the case when couple split after they won in a lottery, but cant share the prize, because guy purchased lottery ticket with chicks money

if you feel uncomfortable that they want to borrow money from you just to gamble, then you should be able to avoid them and say that you don't have the money to lend. because it is your right to want to lend money or not, they have no right to protest or object to your decision, it is your money. honestly, lending money to gamblers is the same as donating to them because you will find it difficult to ask for your money back, unless they provide collateral for goods to you, that's not a problem, but you have to make sure that the goods really belong to them and are not stolen goods.

That's basically the simplest way to go about when actually you want to lend out money for your friends and again one of the reasons why I really don't want to get involved in such habits is that most of my friends I know of won't even find it necessary to even give it back willingly on time and what I hate in my life is disappointment and I rather just stick the best and most simplest answer which NO than cause myself stress and pain by lending money.

It is okay to lend to your relatives it's your relatives are part of your bloodline but if it's from a friend better think twice because there is a saying the easiest way to lose a friend is to lend him or ask him to lend you, if they cannot pay you on time they usually stop communicating and ignore you, give him what you can afford to give so you will retain your friendship.

(...)Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?

And when they are female friends, do you lend them?