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Old 01-21-2015, 05:10 AM
 
Location: in the miseries
3,302 posts, read 3,587,050 times
Reputation: 3810

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I have loaned money to 2 siblings. Happy to report they paid me back.
Only one minor skirmish.
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Old 01-21-2015, 07:58 AM
 
Location: The Carolinas
2,008 posts, read 2,023,484 times
Reputation: 6104
the ant and the grasshopper, my man. . . the ant and the grasshopper.
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Old 01-21-2015, 08:39 AM
 
Location: in the miseries
3,302 posts, read 3,587,050 times
Reputation: 3810
Quote:
Originally Posted by adams_aj View Post
the ant and the grasshopper, my man. . . the ant and the grasshopper.
What does that mean???
Ants work and grasshoppers hop?
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Old 01-21-2015, 08:47 AM
 
1,227 posts, read 1,263,463 times
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The Ant and the Grasshopper is an Aesop fable about a grasshopper who didn't feel the need to store food during the summer because food was plentiful, while the ant worked very hard to store food. In the winter when food was not to be had, the grasshopper starved while the ant ate.
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Old 01-21-2015, 09:22 AM
 
Location: Tennessee
23,685 posts, read 17,651,107 times
Reputation: 27772
Quote:
Originally Posted by biscuitmom View Post
Not to offend, but this is hands down the most clueless question I've ever seen re future retirement.
Long story short, if your retirement ends up derailed, don't blame it on your friends. Blame it on your own ****-poor thinking and planning.
Circumstances change. Sure, there are plenty of people who live in a reckless manner then end up in trouble because of their own making, but most of us are a severe illness or injury away from financial ruin. The odds of your health giving way as you age increase. A long, debilitating health condition can ruin what would have been an otherwise solid future. I've had several great aunts and uncles who were wiped out by long-term illness. An injury through no fault of your own can happen at any time, just as this did to a young woman back home who was shot in the head by just being at the wrong place at the wrong time. How are her finances going to be after extensive neurological damage?

Fund established for Kingsport shooting victim | Kingsport Times-News

You could be laid off and take months to find something comparable, or may never get back to where you were. Your company could be mismanaged or go down in scandal, all out of your control. There are just too many moving parts t say that if someone's retirement is derailed, they're totally to blame.
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Old 01-21-2015, 09:59 AM
 
4,494 posts, read 4,756,312 times
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Odd question.
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Old 01-21-2015, 10:00 AM
 
4,494 posts, read 4,756,312 times
Reputation: 9977
Quote:
Originally Posted by biscuitmom View Post
Not to offend, but this is hands down the most clueless question I've ever seen re future retirement.
Long story short, if your retirement ends up derailed, don't blame it on your friends. Blame it on your own ****-poor thinking and planning.

So, have to agree with this.
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Old 01-21-2015, 12:13 PM
 
Location: Forests of Maine
30,721 posts, read 49,520,236 times
Reputation: 19157
One of our sons approached us for a loan. Once [so far]

We gave him some, to help him a bit.
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Old 01-21-2015, 01:48 PM
 
Location: SoCal desert
8,093 posts, read 13,251,822 times
Reputation: 14870
Have been asked by a nephew.
Since my parents died, the nephew thinks I'm rich and I am now considered the Bank of Gandalara.

I told him sure, no problem - with a signed contract at 15% interest. With his Toys put in my garage as collateral.
He hasn't asked again.
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Old 01-21-2015, 02:03 PM
 
Location: SW MO
23,605 posts, read 31,529,524 times
Reputation: 29083
We've help children several times but several years ago when my wife had emergency surgery that wasn't totally covered by insurance let them know that the Bank of Mom and Dad was closed. Nobody's asked since.
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