You have to approach loans to friends and family members as straight-up “gifts” without anticipating ever seeing the money again. If you do ger repaid consider yourself very lucky.
My wife and I “loaned” a dear friend of hers $2000 at the start of covid. He hasn’t mentioned it since. But we went in knowing this was the likely outcome.
Not to lend money to anyone and expect to ever see it again.
Very true, but doubly so if it’s family.
You have to approach loans to friends and family members as straight-up “gifts” without anticipating ever seeing the money again. If you do ger repaid consider yourself very lucky.
My wife and I “loaned” a dear friend of hers $2000 at the start of covid. He hasn’t mentioned it since. But we went in knowing this was the likely outcome.