The subject is like walking through a mine field; blindfolded. I am sure all people have an opinion ranging from idealistic views of childhood sitcoms to heart breaking dramas and horror stories. I want to talk to the people who have to support their parent or parents, and not all you trust fund kids or … Continue reading
Category Archives: Family Loans
Two weeks in—how to make your 2014 New Year’s Resolutions stick
I thought I’d wait a couple of weeks to make sure that this article was relevant. We have all made our New Year’s resolutions of self improvement in life, work, love, and finance. With a high probability, these self-imposed goals are a distant memory or on “tomorrow we start” to do list. So how can … Continue reading
Okay, What Now? Advice for graduates and their parents
Ahhh… It’s graduation time. A proud achievement of parents and students alike; years of pre-planning and saving, four years (if you were lucky) of tuition fees, “capital calls” from your son or daughter, and many checks written. If you are graduating, all those years of studying, cramming for exams, all nighters (because other things were … Continue reading
Lending to Friends and Family
I will once again revert back to my old friend, George Clason’s book “The Richest Man in Babylon.” Chapter 6 talks about a spear maker who received a windfall from the King, and was then besieged hourly by requests for money, loans and investment schemes from friends and family. We have all been there. “I … Continue reading