388: Should I Bail Out My In-Laws? | Feedback Friday
Aug 7, 2020
This episode tackles the tough choice of whether to financially support in-laws known for poor money management. It discusses the emotional turmoil of helping family while setting necessary boundaries. On a lighter note, it shares tips for crafting compelling recommendation letters and balances the importance of personal fulfillment against career pressures. Listeners also dive into the complexities of navigating passion and disillusionment in the music industry, emphasizing self-reflection and the value of pursuing what truly brings joy.
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volunteer_activism ADVICE
Don't Transfer Business Ownership for Relief Funds
Avoid transferring businesses for coronavirus relief funds, especially with family members who have poor money management.
This can lead to legal issues, financial liabilities, and strained relationships.
volunteer_activism ADVICE
Focus on Consequences and Offer Alternative Help
Focus on potential financial and emotional consequences when advising against risky financial decisions with family.
Offer alternative help, like reviewing options or finding experts, without taking on their burden.
volunteer_activism ADVICE
Writing Effective Reference Letters
In reference letters, briefly describe your background and relationship with the person, highlighting relevant attributes.
Include specific examples of their work, their impact, and why you recommend them.
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Your in-laws need financial help to keep their business afloat, but they're historically terrible with finances. Should you bail out your in-laws or even co-sign for a loan knowing it could backfire on you? We'll tackle this and more here on Feedback Friday!
And in case you didn't already know it, Jordan Harbinger (@JordanHarbinger) and Gabriel Mizrahi (@GabeMizrahi) banter and take your comments and questions for Feedback Friday right here every week! If you want us to answer your question, register your feedback, or tell your story on one of our upcoming weekly Feedback Friday episodes, drop us a line at friday@jordanharbinger.com. Now let's dive in!
Your in-laws need financial help to keep their business afloat, but they're historically terrible with finances. Should you bail out your in-laws or even co-sign for a loan knowing it could backfire on you?
What are the secrets to writing a reference letter for someone in a way that showcases their attributes from a place of understanding how valuable these attributes really are?
Should you suffer in an industry you've grown to hate for another 10-15 years until you can retire, or should you quit the dip now to find a new career in a city where you want to be, with a life that brings happiness over money and status?
Should your multinational, publicly traded company pay you for something you've been informally doing for free? You want to be generous and supportive, but not taken advantage of. How do you negotiate this with your higher-ups?
As a blind person, you’ve never been really good at understanding small talk and getting people to talk to you. How can you get better at being social when you can’t see facial expressions or body language?
Have any questions, comments, or stories you'd like to share with us? Drop us a line at friday@jordanharbinger.com!
And if you want to keep in touch with former co-host and JHS family Jason, find him on Twitter at @jpdef and Instagram at @JPD, and check out his other show: Grumpy Old Geeks.
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