when it comes to money you really have no friends

[97guns]

this statement mihht not be true for you or maybe has not come true yet but my experience has proven it a true statement, a statement my dad drilled into me at an early age. the other one was never go into partnership with anyone.

ive learned more than a several times that a friend will turn on you for a few hundred bucks, maybe they werent a friend but i know we gad good times together until money came inyo play.

and just recently my mom has been giving money to her nieces and grandchildren, she wanted to buy 1 granddaughter a car whej my brother steps in and tells her "here i am working my fingers to the bone and your giving money away left and right.

i got 1 thing out of that slip of the mouth by him and that is he is counting his inheritance from her already, both my brothers showed some greed when my father passed and now im understanding thats all theyre thinking about

friends, family doesnt matter everyone is greedy

[Fishindude77]

Blanket one size fits all statements like this do not apply to everyone and all situations.

I've had some real success in business partnerships.
I've gotten some really good advice and guidance from a few folks regarding how to manage and invest.
Inheritance and other family finance drama like mentioned is only an issue if you choose to participate in it.

[97guns]

i dont participate but when those lind of words come out of my brotgers mouth i cant help but to hear it, action? no i wont take any action, it just goes into my notes but my it really hit my mom and that i need to act on

[Singuy]

Talking about money and friends..I believe money exchanges can be civilized(such as personal loans) if you are dealing with civilized people.

For example.

My best friend loaned me 80k cash so I can buy this foreclosure house in 30 days since my home equity loan was taking longer than expect. 80 freaken k without any legal written documentation..just a written personal check! Of course I have very good credibility and paid him back in 2 months. My other friend's uncle was prepared to loan me 250k cash on standby(but good thing that home equity loan came through on time).

[sv2007]

i dont participate but when those lind of words come out of my brotgers mouth i cant help but to hear it, action? no i wont take any action, it just goes into my notes but my it really hit my mom and that i need to act on

Sometimes regrettable words are said in the heat of the moment, and they shouldn't be used to judge a person. Perhaps this is a case.

[DaveInPgh]

Good for your mom for doing what she wants with her money. It is pretty sad that family members are that greedy.

Inheritance was never a consideration when it comes to my parents. My mother is still alive, but my parents never accumulated any wealth. I believe she has an insurance policy to cover funeral expenses, but that is about it. Although I wish they would have had better success with their personal finances, I am relieved that I don't have to deal with any drama over their money.

We have enough of that drama with my father in-law, although he has been the cause of it all.

[97guns]

Sometimes regrettable words are said in the heat of the moment, and they shouldn't be used to judge a person. Perhaps this is a case.

thank you for that and yes my brother was very regretful after the fact, he called her back 10 minutes after and told her that he wanted to retract everything he said, she did not respond to either conversation. she told me she was stunned with what he said and was at a total lost for words but the following week she sent him a long letter letting him know what she was feeling

[Koolmagicguy]

I lent my brother $1,650 to pay off his truck. Never saw a dime of it back. We barely speak now.

[GoodSteward]

friends, family doesnt matter everyone is greedy

I have seen this before, and sadly it's people who still think they deserve more that usually get caught up in it. The bible says that the LOVE of money is the root of all evil. It's easy to hide that love affair, but eventually, it will show.

It also depends on how he meant it. Did he mean he was jealous of her being able to just give money out, or was he upset she was giving "his" money away.

My mom's boss is a DR, and her family is a family of Dr's and very wealthy people. Her mother had over a million from what I"ve been told. Once she wanted to replace the carpet in her house, and her son (the brother of my mom's boss) pitched a fit about it. He was fussing at her for spending money, and apparently often did. He was upset she was spending the money he would be passed down. That particular couple have been major pains in their family and caused a lot of drama. Always revolving around money. It has driven a major wedge there.

I lent my brother $1,650 to pay off his truck. Never saw a dime of it back. We barely speak now.

I have sold my brother my car for 3k (was worth over 5), and only saw half of it. I eventually called and just forgave the rest because I knew if I didn't it would create what you are experiencing right now. Last year I loaned him 500$ to pay a stupid speeding ticket to avoid losing his license and possibly job after that due to the license. He was getting a tax refund and could pay me back a couple weeks later. The DAY he was going to pay me back his car that he just got back going again(engine trouble he used tax money to fix up) blew the engine in it. I didn't have the heart ot take the money, so I forgave him that debt as well.

The point of my stories are if you value your family at all, forgive the money. Count it as a gift, and let it go. It's just money. I actually agree with Dave Ramsey on this subject due to what I've experienced and seen. It's best not to loan family money. You can give it, and if they pay back fine, but do not loan it.