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Episode 2598:
Amanda Kruse of WomenWhoMoney.com delves into the complexities of borrowing money from friends or family. She explores the emotional and practical implications, weighing the pros and cons, and provides guidelines for doing so responsibly. The article underscores the importance of considering all options, understanding the impact on relationships, and ensuring clear communication and agreements to maintain healthy relationships while addressing financial needs.
Read along with the original article(s) here: https://womenwhomoney.com/should-you-borrow-money-from-friends-or-family/
Quotes to ponder:
"When money is involved in a relationship, feelings of resentment, trust issues, and differences in opinion can result."
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Optimal Finance Daily - Financial Independence and Money Advice