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Concept

Lending to family and friends

Lending money to people you care about almost always damages the relationship because it entangles affection with debt dynamics, creating resentment whether they repay or default. If you can't afford to give the money as a gift, you can't afford to lend it; if you can afford to give it, the loan framing poisons what was meant to help.

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Money & Finance
Peri
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