The best way to avoid giving money to your friend in whatever form, be it money or being a guarantor is that you tell him that your father had done similar mistake when you were kid, because of which you suffered and therefore you have chosen for your life not to do the same mistake of lending money or be a guarantor for anyone in life. They will never come back asking for money from you.
Wowwwwwwww, I can’t believe I am already following 90% of these tips. My parents faced most of those situations and I already learnt from them 20yrs back
Sir, this is what happened in my life, I stand garenteer to my brother, my friend, my mother brother and also to my father but everyone did hands up and I went into debit trap and took for me almost 5 years to come out to lead my normal life... 😭
If one cannot help friends and relatives, whats the use of being such a millionaire. If we dont help our near and dear ones, who will? And if we have the need who should we turn to? I agree we need to be smart with money, save enough for a rainy day etc.. but everything should not only be focused on me myself mine. Based on the need if its a medical or education need one should always help friends amd relatives
It is impossible to say no to your brother or sister when they know you are capable. You have to choose one money or relationship. If you give part money when you know situation of other side. You are the last hope.
i have seen too religious , but regarding money matter worse than no religious person and i have seen relatives too close , but regarding money matter worse than strangers for indirect decent cheating and both these groups are too justice all matters except money matters
I am 27, and trust me this video is extremely insightful for me. Having given a loan to a friend I feel I have compromised my friendship as the warmth is missing now. I sometimes feel like asking for my money back but at the same time, I do not want him to hate me for that! I feel I should have made an excuse that time but I did want to help him.
Not disclosing might hurt our close ones. Better to lie and underplay your income. Whenever finances are discussed, pretend to be going through financial difficulty. Complain about rising expenses every now & then.
The best way to avoid giving money to your friend in whatever form, be it money or being a guarantor is that you tell him that your father had done similar mistake when you were kid, because of which you suffered and therefore you have chosen for your life not to do the same mistake of lending money or be a guarantor for anyone in life. They will never come back asking for money from you.
Good topic...many people face this in life...you are at mercy of your borrower till you get your money back
Wowwwwwwww, I can’t believe I am already following 90% of these tips. My parents faced most of those situations and I already learnt from them 20yrs back
Sir, this is what happened in my life, I stand garenteer to my brother, my friend, my mother brother and also to my father but everyone did hands up and I went into debit trap and took for me almost 5 years to come out to lead my normal life... 😭
😆 😘
Not for realative and friends many people would have been millionaires😢
If one cannot help friends and relatives, whats the use of being such a millionaire. If we dont help our near and dear ones, who will? And if we have the need who should we turn to? I agree we need to be smart with money, save enough for a rainy day etc.. but everything should not only be focused on me myself mine. Based on the need if its a medical or education need one should always help friends amd relatives
@rohanp8645 Lend a considerable amount of money to your relative or friend and do an experiment. Then you will know what I said.
@@rohanp8645everything should be based on myself
My relatives don't need to watch, they already know this.
@@rohanp8645how many people you have helped , how much money so far u have helped
Eye opener vedio. Very well explained. Wish would have followed 15 years back.
Spare the money and spoil the friend.Friends take money fro granted, set clear limits/boundaries even if you get a bad name.
Thanks for clean and correct advice.🙏
*Dr Bhat , yes you are 100% correct, never give money to friends and relatives, ESPECIALLY THE WIFES SIDE OF THE FAMILY 😐*
What about husband side?
@smslone wife lives in husbands family not otherway round 😊
Seems somebody learnt it the hard way.
Thought provoking. Informative.Revealing, inspiring....
A very good post and very valuable advice yet again. Your videos never disappoint. Thank you.
Anderson Kenneth Brown Elizabeth Lopez Barbara
Plz sir ji good lecturer
Plz can u speak in hindi language so many people can listen ur video sir ji.
Tks sir ji
Excellent video with great insights into the complexity of Indian society.
I finally discovered this inspiring video! Ready to chase my aspirations! _ "Each challenge you conquer propels you closer to your dreams."
Excellent pieces of advice 👍❤
Your influence radiates positivity! 🌟 _ "The path to success and the journey through failure often overlap."
Martin Carol Gonzalez Carol White Jessica
Wish this was posted a little earlier!! Would have a learnt a great lesson
Great video
Great information
It is impossible to say no to your brother or sister when they know you are capable. You have to choose one money or relationship. If you give part money when you know situation of other side. You are the last hope.
Loved your lecture so informative
Wish I had this insight at a younger age!
Lending money is a sure way to heart attack .
i have seen too religious , but regarding money matter worse than no religious person and i have seen relatives too close , but regarding money matter worse than strangers for indirect decent cheating and both these groups are too justice all matters except money matters
Good advice. But difficult to adopt. Adoption will be at a cost.
thank you sir ❤
Good information
Good advice i like the speech.. Thank you sir for your beautiful speeches advice
Excellent
Excellent topics
Thanks !!
I am 27, and trust me this video is extremely insightful for me.
Having given a loan to a friend I feel I have compromised my friendship as the warmth is missing now. I sometimes feel like asking for my money back but at the same time, I do not want him to hate me for that!
I feel I should have made an excuse that time but I did want to help him.
Not disclosing might hurt our close ones. Better to lie and underplay your income. Whenever finances are discussed, pretend to be going through financial difficulty. Complain about rising expenses every now & then.
Superb advice Sir. Thanks
Most sensible topic handled in an extraordinary way..makes more sense
Excellent pieces of advice 👍❤
Very correct advice
Need to keep wife/husband informed about investment made and corpus
Very important advice and good analysis ,thank you .
Lovely video Sir. Opened my eyes.
Thank you
Love the way you explain it with ease!😇
Good one. Very Informative
Thanks a lot.
Nicely and Intelligently explained..
👍
👌👌
Good one, but how far we can follow matters
An excellent session.
Great advice
Your voice is not crispy the words get swallowed and mingled
It better to hire a presenter
Thank you very much for your feedback .Will work on it
I don’t agree. His talk is quite good
I don't agree, am African and getting him well