My adult children want me to help fund their startup but I'm torn between supporting their dreams and protecting my retirement savings. They see this as their path to financial independence and mine too if it works out, but I've seen how family money can poison relationships when business doesn't go as planned and we haven't talked honestly about what happens if they fail.
More people experience this than they realize.
Family members must balance love and financial prudence when entrepreneurial support could jeopardize multiple generations.
“Where Are You with Entrepreneurship as wealth building?”
If this sounds familiar, the Library can help you find the bigger picture.