But in reality the sad truth is most people do not pay back much lower amounts much less 50K. So I agree with him here. It burns bridges between family members.
This is the best plan. My brother borrowed from me and never paid me back. I really didn’t care, but it impacted his behavior toward me. Why him failing to honor his debts led to him resenting me is something for the mental health professionals to sort out.
People have resentment towards others that hold power over them. You now hold power over him, even if you say you don't.. in the back of his head you own him. Even if they're the ones that got into this mess, it's YOU that's a constant reminder of that.
Your brother is a narcissist that's why. It's also the same thing when a druggy lives on someone's couch for free and slowly begin to resent the owner of the home, all because they feel like a leach so they have to "feel better". So they begin crafting narratives about the person who housed them. Shit like that. People do it in many aspects of life. Narcissists are littered everywhere.
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
It sucks. Gave a friend 50 bucks as a loan once he never paid it back or even acknowledged it. I thought he was an upstanding guy, my opinion if him totally changed
@@mocheen4837Keep doing that and you will eventually be in a difficult situation. I mean sometimes its not about the momey, its their word. They said they would give back the money and they won't. When you ask them, they will be like you're so rich why do you need x amount. Its frustrating.
My family is different, I loaned a very TRUSTWORTHY family member who I know is a very hard worker(otherwise I wouldn't have) a quarter of a mill. When he paid me back, he tried to give me 25k for interest. I said no,as long as he paid back the original total. Now he owns a successful welding business with 10 employees. He can take care of restaurant and bar tabs for me for the rest of my life now😂
We have family that all works hard, shares, loans, whatever, and we ALL always pay it back. If they wont accept interest, which is fair, we all find other ways to pay extra...homemade artisan breads, home-raised eggs, fancy desserts, crocheted items, homemade artisan soaps, home-cooked meals, etc. We always find a way, as it's out of love and respect, and there are 9 of us kids. ❤ But, our spouses?!?!? A totally different story. 🤨
I once loaned a friend $2,000 and he never paid me back or even returned my calls or texts. Now anytime someone asks to borrow money I say “Dude I loaned a friend $2k and I’m still waiting for him to pay me back.” It shuts down the conversation real quick!
“Here’s my Longhorn Steakhouse gift card. I don’t want *anything* in return. It’s a gift. Let’s never talk about it again. Then I go back to polishing my yard gnomes.” - my tax bracket 😂
Kid: can I have $10 to open up a lemonade stall uncle Kevin? Kevin: I will give you the $10, but I want 10% of the company and 2 cents per cup until I get my $30 back and then the royalty goes down to 1 cent per cup in perpetuity. Kid: nevermind.
Years ago my husband’s cousin (they grew up like siblings) asked him to borrow money when he invited her to meet our first born. He gave it to her and told her no need to pay it back. (I heard it myself) I guess she intended to but couldn’t and started avoiding him like the plague. He tried contacting her many times, left messages if it was about the money he didn’t care and he went unanswered. The last message was to meet our second child. She never responded or met her. About 20 plus years later we found out she had been telling family that he was harassing her for the money. I think she assumed they all knew and wanted to make him look like the bad guy. But he never told any of them. She tried reaching out a few years ago and he wants absolutely nothing to do with her. Out of everything that she did what hurt him the most was that she was never a part of our kids’ lives over money he never expected to get back.
@@katrinasteines-shopa5971sounds like he was trying to make it clear. If it wasn’t already that she shouldn’t be avoiding him because of the money. That’s not holding anything over their head. That’s clarifying
@typedrew I agree, just thinking of how she possibly saw it. Either way it is not a great reason to ditch a family member especially one who has helped you
@@deploy3769 In our 29 years of marriage we’ve both worked and have had a joint bank account. So I’ve never had to “ask” him for money. But we still did lend money to close family/friends on at least two occasions since then. We just learned to definitively establish expectations on both sides beforehand. No issues with the other two.
You can’t manifest until you balance the feminine and masculine energies and completely submit your ego to the flow. Even then, it takes understanding of the duality and nonduality to even begin to comprehend manifestation. This is misleading to others.
@@Nothingness74839What’s misleading is that you’re not pointing people to the Logos. People miss the mark because they’re not in line with the vertical pattern that establishes reality. Heaven (upper spiritual half of cosmos) and Earth (lower material half), must be united properly within the person in order to interface with reality properly and manifest the Will of the Logos. This comes only from faith in Christ. God bless.
Yeah I lost my best friend of 40 years over a measly $5000. If he had even attempted to pay me back a small amount I would have said that’s okay I cancel the debt, but, instead, he never even attempted to pay me back a dime and then had the temerity to ask for more. Needless to say, friends like that I don’t need.
I’m so sorry, that’s awful for you. I also lost my bestie of 42 yrs over her being ungrateful about something that I did for her which was not easy for me to do. I decided that I was done being used. It was upsetting as she had been like a sister to me for most of those years and had been a wonderful friend. And money and friendship do not work out, as you have discovered sadly.
The problem is some people don't keep their words, after they receive that "gift", they will come back to ask for more, like "just one more time please", that's the big issue
Nothing should be for free. No way. Work for your money. Money does NOT grow on trees! Just say EN OH aka HARD NO. Took me 54 years to become this way after being taken advantage of lots until just recently. Thanks for all you do Mr. Wonderful!! ✌️
I lent some family members money that were going to lose their house, I never did Facebook, but my friend saw them in Saint Martin on a vacation and I thought it was absolutely ridiculous. They were telling me they couldn’t pay it back, but when I got the picture sent showing they were on the beach they were embarrassed they got caught and our relationship fell apart
The situation that you’re explaining is different than someone pitching a business idea to a venture capitalist who happens to be in your family. I don’t blame Kevin and I actually think it’s very good advice… however, if I was that family member and I really believed in my idea, I would say thank you and refused the money. I would try to find the money somewhere else or a different way of making it work… I would not accept money. You’re talking about his family member coming to you who is in trouble.. different ballgame than he is explaining. He is also talking about family members just trying to use him… there are people who legitimately just need investor… but you’re definitely better off doing it without family. But there’s no way I would take one dollar from him if I was his family member and he said that to me.
Thanks Kevin When my Son was a lot younger Only had just started out working They were times where he would ask me to loan him money a small amount I always made sure he payed me back What i used to do 😂 I would note up in the kitchen saying that he owed. Me x amount Because to me it was very important to teach him He is now grown up and a wonderful respectful Son
If I give $ to someone, it's their responsibility to pay it back. I don't mean a house $$$ ... but if they don't, that's their problem. If it is a gift, I make that clear.
Did the same 15 years ago with my brother in law. He needed a loan for 10k. My wife and discussed it and we came up with 5k as a gift. Never spoke of it again. 10k would have been a bit too much for us to handle at the time. Good advice.
If you're going to lend people money, make sure you get a signed promissory note with specific details about repayment. If they don't pay you back, then you take them to court. If you don't get a promissory note, you might have a problem getting your money back. I learned a lot watching People's Court and Judge Judy.
Absolutely True, I'm not nearly as rich as Kevin, but I learned the same thing in the hard way. If you want to do something for someone, do it, but never lend money, give it. If the amount is too high or you're not inclined on giving it then don't do it. If its a person who only approaches for money, give it once and ask for the person to never ask again.
I'm am not financially wealthy, but at times have helped when needed. Each time I have made it clear... this is not a loan ! This is a gift and doesn't need to be mentioned ever again. No relationship has been damaged along the way. I do not lend anything... I gift it. Been that way my entire life and I don't ever see that changing. God Bless
I was expecting Kevin to not give anything to a family member, but this is actually a pretty fair approach where you're willing to help, but not to enable. It stops the obvious issue of people who repeatedly ask you for money (we've all had friends like that).
That’s extraordinarly weird! I do this alot with my family members I never want anyone to get a loan from me, whenevrr they ask me for money, i give them what i think suits the task best, them telling me “I’LL RETURN IT” is a recipe for disasters, i don’t want to waste money, neither get sensitive about it, neither want to pressure myself financially Awesome advice!! Totally agree
The best financial RUclips channel for everyday people. I'm celebrating a $30k stock portfolio today. started this journey with 8k, 1 have invested on time and also with my personal financial advisor, now I have time for my family and the life ahead of me.
How did you achieve such biweekly returns? I'm a newbie and l've lost a lot of money investing on my own. Please how do I go about it, the year is almost coming to an end, how can I make profit?
@@julietrings8104 If you ask me I will advise you stop investing on your own and seek for a good professional guidance, I don't invest on my own anymore, I always required help and assistance.
@@broucherjosh8421 Rachel is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
Great solution Kevin, but I think it should also depend on the character and trustworthiness of the family member ! I borrowed money from my grandfather in my youth and ALWAYS, paid him back timely with interest ! He made me a rich man as I could make lucrative deals, and he died a proud and happy man ❤❤❤
I wish I would have heard that 5 years ago. My husband left me with lots of $ & I was super generous helping our kids to buy homes, cars & remodeling projects. But it never seems to end.
On a smaller scale… if a coworker or colleague asks you to borrow a couple bucks for lunch/beer etc. Always give them at least 20.00. - You’ll always get a 20 back but you’ll never get a few dollars back.
I’ve experienced something similar with respect. I’m a big believer in those who want respect give respect. But give too much and some people take the piss.
My brother bankrupted my parents. His two favorite sayings were" "You know I'm good for it.", Followed by: "I don't have it, what do you want from me?"
With his kind of money it’s like a few dollars to most people. He’s worth about $400 million. For somebody with $400k, it’s like giving a family member $50. Plus he set the rules. One $50k gift and not a penny more ever again.
I owe my bro and it eats me. But I thank him deep down for looking out when i needed it most. I never asked him again after .. and we never even brought it up ever..
Linda, here is a clue that you may have the Spiritual Gift of Giving. Each gift has a pro and a con. The pro is that you are willing to give the shirt off your back to help a person. The con, however, is that it irritates you when someone ASKS you. Isn’t this interesting ? I, too, have this particular gift. And I learned what I just told you in a class at church.
When you gift money to family members they start to think it’s your obligation to continue to “gift” them, every month, forever. Otherwise you’re a selfish monster.
Fantastic advice. Of course I my numbers would have one less zero in them. But this is a great thing also when it comes to lending money to friends. They asked to borrow money, never lend an amount of money that you’re not willing to let go of. Otherwise it’s a great way of losing our friendship.
@@silver10188everything is connected to effort. Without effort no money, without effort no heaven. Gifting people with money that they dont deserve will not bring you heaven. It will create lazyness within society.
@@silver10188 You sound stupid! It has nothing to do with stinginess! Think about it if my family needs money they don't have to depend upon me to get it, if they work hard enough and aren't a lazy sluggard the same God that blessed me will also bless them with money excessively too. There's a lot of people that die and go in the grave burying their dreams, businesses ideas or not utilizing their God-give gifts not executing good workmanship. The Bible says look at the ant 🐜 you sluggard. I'm like the ant that many are not. Good thing I was also blessed with the gift of a seer and prophet, I've seen dreams and visions of the ranks of Heaven as Enoch did. And several other prophets prophesied to me God already sees me seated in high heavenly places. Thank ya! :-)
Stingy? What rubbish. If I were to asked them for money instead, they will say no, and if I have given them money I would never see it back. Not stingy, and.not interested to loan anyone money. If I want to help, I buy food the needy. Family members are manipulating.
This was a great video. I am so used to just making sure the bills are taken care, which gives me extreme satisfaction. I get used to not having extra money and I find there is always something to do, even when you are broke. You can always make someone smile. Especially children. Adults sometimes, but they can be more poopy than the kids 😂 that being said when you get used to not having money you dont miss it that much and you have to find that joy in your life regardless. Not being able to pay your bills is entirely different for me that's hell on earth. I also find when you stay in your power and in the moment then your chances of success grow exponentially. Keep an open mind as there ate many ways to accomplish a goal. I like to focus on the task at hand in the moment and not so much the outcome.
Absolutely Agree Kevin! And I will say it the same way you said it with a mean face and stating NEVER again! It does ruin family as lottery winners have confessed!!! As a retired limo driver of 15 years, most wealthy so this. Micheal Jackson told me something once when he was one of my clients and it stayed with me. He said "everyone wants my money, every around the world is greedy, Everyone !!!!!!!!! " Thanks Kevin!
i have a small family and just became significantly wealthy in the last 2 years. I look forward to gifting most of it to them and charities. i have all i want.
When family or friends ask for money always consider it a gift! If not it will ruin any relationship you may have with that person. You give and never look back Be grateful you could help someone you care about
It depends on what kind of family you have. Things can be good or bad when it comes to money and business. With my family, we never ask each other for money; instead, we always hire one another for work instead. For example, my uncle has a small fencing construction business. We needed new fencing, we paid them, and they got the job done. They got what they wanted, and we got what we wanted. Everything was awesome! We always create jobs for one another so that none of us feel like we are taking something from each other. In my family, you can walk away with money you earned. It's a very satisfying feeling, versus walking away with money you feel like you owe to a family member. Right now, I got grass to mow. If you were a family member in need of money, I'd offer you a job to cut my grass. That's how things are in my family.
Really enjoyed this video! I’ve been tuning in for a while now, and your insights are top-notch. With Bitcoin hitting some pretty wild numbers, I’m starting to get curious about how to get involved. As someone who's just starting to explore this, any tips or wisdom on how to approach this would be greatly appreciated!
We started this year with so much positive energy mostly when it comes to bitcoin day trading....... I would boldly say this here, you can't be profitable and successful hoping on hodling alone and waiting for the market to skyrocket......"Day trading" still remain the very best way to accumulate and grow a strong portfolio when it comes to crypto.. All praises goes to Roger Ruz's daily signals and guidance for the well analyzed predictions given to me!!!💪🏻💪🏻💪🏻💪🏻
Here's how you solve the problem: 1. You make a RUclips video discussing this family dilemma. 2. Collect revenue from RUclips for this video. 3. Give Your Family a 5% Royalty of every RUclips Direct Deposit. 4. Enjoy Your 95% Profit.
I wouldn’t ask for money. Things like that can ruin thanksgiving like you said. If I was serious about needing money I would ask a person to coffee and ask for advice and value your mentorship and do what you say because that’s how I grow and become better myself. Handouts will not help. I have been in a tough place before and my friends knew it and some handed me a little money to help, I am grateful to this day for that gesture while we worked through it.
I loaned money to a family that “needed it.” I quote those words because everyone’s needs are different. Later on I see them eating out buying fancy things It was a few grand. But shortly thereafter the loans was due. The husband said I would have it back in 2 months. I would never do that again. I had to chase him and received it back piecemeal. $800 here $500 there. It took about 6 months to finally collect. Our friendship was never the same. That was many years ago but I learned.
My best friend told me lending money to family will sometimes lead to problems. He says just give it to them if maintaining a relationship is important to you
Hard no on the $50K. Tell them no. No is a complete sentence. That's what banks are for and if they can't get a loan from a bank, that answers that. Even if my siblings came to me now, it would be a hard pass, I would tell them to go to a bank, you will get more peace and a simple life than entertaining people who want free handouts. NEVER EVER loan money to friends or family, ever, it just ruins every relationship. Dave R would agree.
No one asked me for money when I was broke. Now I’m filthy wealthy trying to give back as much as I can. Some of us aren’t as fortunate as others. It’s good to give back with no strings attached! Peace and Love Kev-O 🙏🏼
@@kgupta2205 How do you go through the process of vetting someone you would determine is deserving? Just curious. I have some rich family. I am poorer and have never asked for anything all these years. They certainly don't owe me anything but Id like to think if I was in their shoes and they were me I might help them out ya know? Idk maybe I'm doing something wrong.
I like this. Years ago, when people come to borrow money from me, I simply say I don't have money to loan, I offer them about 10% of the amount as a gift.
I remember you offering this advice to lottery winners of big jackpots. Except the amount you used was only $10,000. I like the old Kevin. O'Leary, from the good ol days when $10,000 would go a lot further and solve family rivalries.
Thank you Mr. wonderful! I have seen a lot of negativity around holidays because of family members who are in business together and they ruin the holidays spirit 😅😅
I never let anyone know that I actually have money. I have been saving my money since I found out about the "tooth fairy." Stay employed, don't spend every dollar that you earn, don't buy things that you really can live without and save/invest as much as possible.
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️
Kevin, I have to weigh in on this one. If someone in your family asks you for money they are reaching out for your help. Every call for help is unique, it is specific to the individual, their current circumstances and the wider dynamic. If this comes as a surprise to you, then you haven't been paying enough attention. So here is the play, give them the money they ask for and add 50% so give them 225k, (if it is in your means todo so). If you don't have that available give them whatever you can spare. Everything given to family is always a gift, never ask for a return. The reason you give them 225k is people are afraid to ask for what they need so they trim the figure which leads to them not succeeding. You want your family to succeed, you want everyone to succeed so set them up for success and give them what they say they need. Then thank the universe for giving you such an easy way out and a second chance for neglecting to pay the attention you should have. That is your mistake, you should fix it. Oh and one more thing I do, I tell them to pay it forward not back.
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
Same thing my mother taught me. If ANYONE asks for $$$$ .. ever. If you're going to give it. Give it as gift no strings attached. Consider the $$ gone. But as he said. don't ask again.
So much for helping out a family member and coaching them into a successful business since you are such a successful business entrepreneur. What the heck is wrong with you? Haven’t you made enough money to where you can afford to make another mistake? If we would be generous with each other and help each other and provide the support needed so much could be built together united. Remember, none of us get out of here alive and you can’t take it with you!
Dude your lucky, helping family, helping the homeless that can't help themselves, it's part of your job responsibilities and you have the best job in the world don't you? I suggest that you invest in the less fortunate, teach them how to manage what little scraps they have, and make better choices for themselves and for others.
Very true! I've been able to scale from $14k to $210k in this red season because my Financial advisor figured out Defensive strategies which help portfolios be less vulnerable to market turndown.
I want to compliment you,you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
Hello from norway I'm retired at 47, went from Grass to Grace. This here reminds me of my transformation from a nobody to good home, honest wife, $35k biweekly and a good daughter full of ❤ I'm forever grateful Catherine Adriana.
This video came up on newsfeed after someone asked me for money yesterday. And I had exact same approach. Give nothing or a little as a gift. You don't want it back, because you will not get it back 8/10 times and this will make you angry and it will go deep to relations being broken. So I'd rather avoid the headache. Give nothing, or give a fraction as a form of charity with nothing to pay back and don't ask again.
I did this for my brother. He came to me once asking for money for food and basic needs. He's the kind of guy that I know for sure that he would never be able to repay me without putting himself in trouble. So I said: " look, take the money, dont repay me but never come back to me for more later or I'm going to feel akward about it and might cut our relationship." Well guess what, he came back a few months later for more... So I said no but packed him a bag of food supply since it was supposed to be "again" for more food. I delivered it to his apartment without "knocking" or saying "Hi". Never speaked to him ever since. Probably won't for a while. What I've learned from this is that it's okay to help others but don't help people even close relatives if they don't want to help themselves first... Note that I'm 27 and he's almost 40 years old.
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
Talking about advisors, do u consider anyone worthy of recommendations? I have about 100k to taste the water now that large cap stocks are at a discount... Thanks.
Kevin it's me your cousin Daniel. I need a $150k to start a restaurant.
😂😂😂
Okay but just this once
LMAO! Nice
Lol😂
🤣
The most annoying thing is when people act like your a bad person for asking for your money back 😢
Or make you feel like a beggar for your own money! They eat and drink merrily in front of you but act like they are still broke.
You’re.
But in reality the sad truth is most people do not pay back much lower amounts much less 50K. So I agree with him here. It burns bridges between family members.
You're a billionaire though
@theatomic430 Wrong. It's "your" (possessive), not "you're" (you are). 😂
This is the best plan. My brother borrowed from me and never paid me back. I really didn’t care, but it impacted his behavior toward me. Why him failing to honor his debts led to him resenting me is something for the mental health professionals to sort out.
Should of made him sign paperwork saying he couldn’t ask you for anything else
People have resentment towards others that hold power over them. You now hold power over him, even if you say you don't.. in the back of his head you own him. Even if they're the ones that got into this mess, it's YOU that's a constant reminder of that.
He feels guilty
Your brother is a narcissist that's why. It's also the same thing when a druggy lives on someone's couch for free and slowly begin to resent the owner of the home, all because they feel like a leach so they have to "feel better". So they begin crafting narratives about the person who housed them. Shit like that. People do it in many aspects of life. Narcissists are littered everywhere.
Time for a new brother that ones missing a few screws.
Every family has that one person who will break the family financial struggle, I hope you become the one
Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.
I employ the expertise of a professional for that, Kate Mellon Bruce because it isn’t as easy as it seems
She's active on face book @
Kate Mellon Bruce
I started pretty low though, $600 the returns were great. Joel is in school doing well telling me of new friends he’s meeting in school
This is such good advice. I took it and protected a friendship because of it. I'm sure the relationship would be strained without this advice.
The minute you loan someone money, it changes the relationship for the worse.
Totally agree with you but it’s fact how many dumb men give money to their wives all the time .
truely agreed and even faced in case of my father and my uncle
Not always but it is a risk to accept.
Borrower is slave to the lender. It's in the bible
It sucks. Gave a friend 50 bucks as a loan once he never paid it back or even acknowledged it. I thought he was an upstanding guy, my opinion if him totally changed
I have said it for years. Never loan money to friends or family. If you can afford it give them money but NEVER loan them money
I loaned my friend $15,000 and he paid it back within a week. You just need to know that they are good for it.
@@mocheen483715k for what ?
@@mocheen4837that's true. I have only 1 friend that I would lend money no matter the amount.
@@mocheen4837 that's some balls
I work like a bank, you build your credit score😂
@@mocheen4837Keep doing that and you will eventually be in a difficult situation. I mean sometimes its not about the momey, its their word. They said they would give back the money and they won't. When you ask them, they will be like you're so rich why do you need x amount. Its frustrating.
My family is different, I loaned a very TRUSTWORTHY family member who I know is a very hard worker(otherwise I wouldn't have) a quarter of a mill. When he paid me back, he tried to give me 25k for interest. I said no,as long as he paid back the original total. Now he owns a successful welding business with 10 employees. He can take care of restaurant and bar tabs for me for the rest of my life now😂
My family is similar, but without the interest part. They've always paid back what they were loaned.
We have family that all works hard, shares, loans, whatever, and we ALL always pay it back. If they wont accept interest, which is fair, we all find other ways to pay extra...homemade artisan breads, home-raised eggs, fancy desserts, crocheted items, homemade artisan soaps, home-cooked meals, etc. We always find a way, as it's out of love and respect, and there are 9 of us kids. ❤ But, our spouses?!?!? A totally different story. 🤨
Mine have never paid back a dime. Kevin is right.
@@susanmcconnell6041 that's a good family right there!
Can I borrow some $ too?
I was taught as a young boy “partners are only made for dancing”. It’s kept my life drama free.
Can you elaborate on that philosophical statement? 😊
@ no wives, no business partners..nobody trying to split half of everything I got 😅
I once loaned a friend $2,000 and he never paid me back or even returned my calls or texts. Now anytime someone asks to borrow money I say “Dude I loaned a friend $2k and I’m still waiting for him to pay me back.” It shuts down the conversation real quick!
😂
Been there done that. It really hurts me. I'm sorry your friend did that to you. I know how you feel. Again I'm sorry.
That's not a friend that's a snake masquerading as one.
I'll just that one even though I've never loaned anyone any money 😂 thanks guy 😊
He's not your friend
“Here’s my Longhorn Steakhouse gift card. I don’t want *anything* in return. It’s a gift. Let’s never talk about it again. Then I go back to polishing my yard gnomes.”
- my tax bracket 😂
this comment needs WAY more likes hahahaha
Hey! It's all relevant😊
😂😂😂😂 good for you!!
😂😂😂😂😂👍👍👍
Plot twist it's already been used.
Kid: can I have $10 to open up a lemonade stall uncle Kevin?
Kevin: I will give you the $10, but I want 10% of the company and 2 cents per cup until I get my $30 back and then the royalty goes down to 1 cent per cup in perpetuity.
Kid: nevermind.
It should be my 10 dollars,you can't triple money Such a deal is trash
@@promovienetwork-xw3cgthat’s the joke man
But at this point! She s in business! She honners the deal and then she starts growing her own Capital!
@MilesDoyleSalt wtf man
😂😂😂
Years ago my husband’s cousin (they grew up like siblings) asked him to borrow money when he invited her to meet our first born. He gave it to her and told her no need to pay it back. (I heard it myself) I guess she intended to but couldn’t and started avoiding him like the plague. He tried contacting her many times, left messages if it was about the money he didn’t care and he went unanswered. The last message was to meet our second child. She never responded or met her. About 20 plus years later we found out she had been telling family that he was harassing her for the money. I think she assumed they all knew and wanted to make him look like the bad guy. But he never told any of them. She tried reaching out a few years ago and he wants absolutely nothing to do with her. Out of everything that she did what hurt him the most was that she was never a part of our kids’ lives over money he never expected to get back.
She may have felt like he was holding it over her head by mentioning it in most of the messages he was leaving for her.
@@katrinasteines-shopa5971sounds like he was trying to make it clear. If it wasn’t already that she shouldn’t be avoiding him because of the money. That’s not holding anything over their head. That’s clarifying
@typedrew I agree, just thinking of how she possibly saw it. Either way it is not a great reason to ditch a family member especially one who has helped you
Do you ask your husband for money and if he is willing to give you money do you accept them ?
@@deploy3769 In our 29 years of marriage we’ve both worked and have had a joint bank account. So I’ve never had to “ask” him for money. But we still did lend money to close family/friends on at least two occasions since then. We just learned to definitively establish expectations on both sides beforehand. No issues with the other two.
Exactly what my old man told me.
If your family or relative or friends ask to borrow, just give once.
It’s kinda crazy how nobody wants to get out of the rabbit hole and read the book Whispers of Manifestation on Borlest
Are you a Millionaire yet?
Bot!
You can’t manifest until you balance the feminine and masculine energies and completely submit your ego to the flow. Even then, it takes understanding of the duality and nonduality to even begin to comprehend manifestation. This is misleading to others.
@@Nothingness74839What’s misleading is that you’re not pointing people to the Logos. People miss the mark because they’re not in line with the vertical pattern that establishes reality. Heaven (upper spiritual half of cosmos) and Earth (lower material half), must be united properly within the person in order to interface with reality properly and manifest the Will of the Logos. This comes only from faith in Christ.
God bless.
Yeah I lost my best friend of 40 years over a measly $5000. If he had even attempted to pay me back a small amount I would have said that’s okay I cancel the debt, but, instead, he never even attempted to pay me back a dime and then had the temerity to ask for more. Needless to say, friends like that I don’t need.
That's rough man. I lost my best friend of 16 years from something unrelated from finances. Couldn't imagine 40 damn
I’m so sorry, that’s awful for you. I also lost my bestie of 42 yrs over her being ungrateful about something that I did for her which was not easy for me to do. I decided that I was done being used. It was upsetting as she had been like a sister to me for most of those years and had been a wonderful friend. And money and friendship do not work out, as you have discovered sadly.
Same exact thing. Not 40 years but still.
😅😊❤❤
😅😊❤❤
And then be prepared to give $50k to every member of your family. Word will spread fast
Even Kevin would go broke if he did that.
I assume it’s part of the deal to not mention it to other family members.
That was Literally the deal. You get the money and never speak of it again...lol
@@voo5000 exactly. Spreading the word violates the condition of “we never talk about it.”
@@jimdandy8996 he can affort 1000 family members like that with 1/10 of his net worth 😅
This works regardless if its $50,000 or $50 .
May be the best $ spent to never hear from that relative ever again
Never loan money you can’t afford to give away
Don’t ruin relationships over money and know when to say no
Never loan or giveaway money you cant afford to period.@@mhughes1160
Even $30? I did that today and I have a feeling the person will ask again lol and I have it yes. Make $125,000 a year but still
@@b27collectibles don't loan to people who have no obvious way to pay back.
You can't milk a male cow.(bull or whatever it's called)
I kinda feel like if you have that spiel over $50, they’re going to take umbrage to it. Lol
Maybe $500
The problem is some people don't keep their words, after they receive that "gift", they will come back to ask for more, like "just one more time please", that's the big issue
Nothing should be for free. No way. Work for your money. Money does NOT grow on trees! Just say EN OH aka HARD NO. Took me 54 years to become this way after being taken advantage of lots until just recently. Thanks for all you do Mr. Wonderful!! ✌️
I used to do that. Been conned out of hundreds of thousands of dollars from family. Now I say “NO”. So I am the bad one.
You're not the bad one in my book.
Funny how that works...🙄🤬
Full me once shame on you , full me twice shame on me .
Should have said NO in the beginning.
I have a saying, "My friends don't owe me money."
You gave them hundreds of thousands and they're upset because they still want more 😂. Do they see a walking free money ATM or something?
I lent some family members money that were going to lose their house, I never did Facebook, but my friend saw them in Saint Martin on a vacation and I thought it was absolutely ridiculous.
They were telling me they couldn’t pay it back, but when I got the picture sent showing they were on the beach they were embarrassed they got caught and our relationship fell apart
They're not embarrassed believe me
The situation that you’re explaining is different than someone pitching a business idea to a venture capitalist who happens to be in your family. I don’t blame Kevin and I actually think it’s very good advice… however, if I was that family member and I really believed in my idea, I would say thank you and refused the money. I would try to find the money somewhere else or a different way of making it work… I would not accept money. You’re talking about his family member coming to you who is in trouble.. different ballgame than he is explaining. He is also talking about family members just trying to use him… there are people who legitimately just need investor… but you’re definitely better off doing it without family. But there’s no way I would take one dollar from him if I was his family member and he said that to me.
Thanks Kevin
When my Son was a lot younger
Only had just started out working
They were times where he would ask me to loan him money a small amount
I always made sure he payed me back
What i used to do 😂
I would note up in the kitchen saying that he owed. Me x amount
Because to me it was very important to teach him
He is now grown up and a wonderful respectful Son
you are teaching your son the proper way .
Never make Money as a Gift 🎁 to no one .
If I give $ to someone, it's their responsibility to pay it back. I don't mean a house $$$ ... but if they don't, that's their problem. If it is a gift, I make that clear.
I’m sure he has a nice nursing home picked out for you.
Did the same 15 years ago with my brother in law. He needed a loan for 10k. My wife and discussed it and we came up with 5k as a gift. Never spoke of it again. 10k would have been a bit too much for us to handle at the time. Good advice.
If you're going to lend people money, make sure you get a signed promissory note with specific details about repayment. If they don't pay you back, then you take them to court. If you don't get a promissory note, you might have a problem getting your money back. I learned a lot watching People's Court and Judge Judy.
Absolutely True, I'm not nearly as rich as Kevin, but I learned the same thing in the hard way. If you want to do something for someone, do it, but never lend money, give it. If the amount is too high or you're not inclined on giving it then don't do it. If its a person who only approaches for money, give it once and ask for the person to never ask again.
I'm am not financially wealthy, but at times have helped when needed. Each time I have made it clear... this is not a loan ! This is a gift and doesn't need to be mentioned ever again. No relationship has been damaged along the way. I do not lend anything... I gift it. Been that way my entire life and I don't ever see that changing. God Bless
i think $200 is significantly different from $200k
i mean shit, we give $20 to homeless
@@wDs_death20 to the homeless? They would be lucky to get a 5 out of me 😂
That's the way to do it. Thanks for your post.
That works both ways, I have no problem helping my family out and vice versa. If I had a lot, I would share it!
I was expecting Kevin to not give anything to a family member, but this is actually a pretty fair approach where you're willing to help, but not to enable. It stops the obvious issue of people who repeatedly ask you for money (we've all had friends like that).
They're not friends
That’s extraordinarly weird!
I do this alot with my family members
I never want anyone to get a loan from me, whenevrr they ask me for money, i give them what i think suits the task best, them telling me “I’LL RETURN IT” is a recipe for disasters, i don’t want to waste money, neither get sensitive about it, neither want to pressure myself financially
Awesome advice!!
Totally agree
"Hey, Uncle Kevin. Could ya spare me a few million? I promise I'll never ask again!"
The best financial RUclips channel for everyday people. I'm celebrating a $30k stock portfolio today. started this journey with 8k, 1 have invested on time and also with my personal financial advisor, now I have time for my family and the life ahead of me.
How did you achieve such biweekly returns?
I'm a newbie and l've lost a lot of money investing on my own.
Please how do I go about it, the year is almost coming to an end, how can I make profit?
@@julietrings8104 If you ask me I will advise you stop investing on your own and seek for a good professional guidance, I don't invest on my own anymore, I always required help and assistance.
@@broucherjosh8421 Rachel is considered a key Crypto
Strategist with one of the best copy Trading
Portfolios and also very active in the cryptocurrency space.
@@sashabondarev7357 I have heard about her excellent trading expertise in CNBC news, guess she's more popular in United States.
YES!!! That's exactly her name (Rachel) so many people have recommended highly about her and am just starting with her from Brisbane Australia
Family will always need help, even if you say "never ask me for anything again".
If you loan someone twenty bucks and you never see them again, it was the best twenty dollars you’ve ever spent
Great solution Kevin, but I think it should also depend on the character and trustworthiness of the family member ! I borrowed money from my grandfather in my youth and ALWAYS, paid him back timely with interest ! He made me a rich man as I could make lucrative deals, and he died a proud and happy man ❤❤❤
I wish I would have heard that 5 years ago. My husband left me with lots of $ & I was super generous helping our kids to buy homes, cars & remodeling projects. But it never seems to end.
On a smaller scale… if a coworker or colleague asks you to borrow a couple bucks for lunch/beer etc. Always give them at least 20.00. - You’ll always get a 20 back but you’ll never get a few dollars back.
do you remind them?
Hahaha very funny some coworkers didn’t give you back anything
Very smart !
Wait is this lowkey genius
Not true at all in today's society.
My biggest regret is being generous to family members. Kindness gets misunderstood as weakness.
And it turns into entitlement. They now expect you to keep being generous continuously.
I’ve experienced something similar with respect. I’m a big believer in those who want respect give respect. But give too much and some people take the piss.
That’s why I don’t to talk nobody in my family we’re all adults now so when I get a lot of money they won’t be able to ask me 😂
Or they think you think youre better than them bullshit
My brother bankrupted my parents. His two favorite sayings were" "You know I'm good for it.", Followed by: "I don't have it, what do you want from me?"
a 50k gift? that is extremely kind of you, Kevin.
With his kind of money it’s like a few dollars to most people. He’s worth about $400 million. For somebody with $400k, it’s like giving a family member $50.
Plus he set the rules. One $50k gift and not a penny more ever again.
50k isn’t much
He’s worth 400 million, 50k is nothing
Probably like $5 for him. 😂
That’s why he’s known as “Mr. Wonderful”
Fantastic advise for those that can afford it, you’re a wise man mate
I owe my bro and it eats me. But I thank him deep down for looking out when i needed it most. I never asked him again after .. and we never even brought it up ever..
I prefer to gift money without being asked. Let me be charitable at MY choosing.
Linda, here is a clue that you may have the Spiritual Gift of Giving. Each gift has a pro and a con. The pro is that you are willing to give the shirt off your back to help a person. The con, however, is that it irritates you when someone ASKS you. Isn’t this interesting ? I, too, have this particular gift. And I learned what I just told you in a class at church.
"and then I go back to polishing my eggs..." 💀
Wonder who laid them
Polishing his "nesteggs"...
Hahaha the best part of the video forsure
I guess that's the skulls of Kevin debtors..
yes, also his head 😂
When you gift money to family members they start to think it’s your obligation to continue to “gift” them, every month, forever. Otherwise you’re a selfish monster.
Fantastic advice. Of course I my numbers would have one less zero in them. But this is a great thing also when it comes to lending money to friends. They asked to borrow money, never lend an amount of money that you’re not willing to let go of. Otherwise it’s a great way of losing our friendship.
I was expecting an answer more like mr. Scrooge. Little Timmy did touch your heart. That is a really good answer.
“And then I go back to polishing my eggs” 😂❤ Kevin, I agree with this philosophy 💯.
I let others polish my eggs...
He is more generous than I would ever be after what I have been through. I love his honesty ! Fantastic !
My answer to family. No, I’m not going to give you money. Just simple NO.
Bingo! Same.
don't be stingy guys, but obviously you have little interest in heaven ranks in afterlife.
@@silver10188everything is connected to effort. Without effort no money, without effort no heaven. Gifting people with money that they dont deserve will not bring you heaven. It will create lazyness within society.
@@silver10188 You sound stupid! It has nothing to do with stinginess! Think about it if my family needs money they don't have to depend upon me to get it, if they work hard enough and aren't a lazy sluggard the same God that blessed me will also bless them with money excessively too.
There's a lot of people that die and go in the grave burying their dreams, businesses ideas or not utilizing their God-give gifts not executing good workmanship. The Bible says look at the ant 🐜 you sluggard. I'm like the ant that many are not. Good thing I was also blessed with the gift of a seer and prophet, I've seen dreams and visions of the ranks of Heaven as Enoch did. And several other prophets prophesied to me God already sees me seated in high heavenly places. Thank ya! :-)
Stingy? What rubbish. If I were to asked them for money instead, they will say no, and if I have given them money I would never see it back. Not stingy, and.not interested to loan anyone money. If I want to help, I buy food the needy. Family members are manipulating.
Kevin a genuine investor very Smart. I wonder if any family members ever gave back the money.
This was a great video. I am so used to just making sure the bills are taken care, which gives me extreme satisfaction. I get used to not having extra money and I find there is always something to do, even when you are broke. You can always make someone smile. Especially children. Adults sometimes, but they can be more poopy than the kids 😂 that being said when you get used to not having money you dont miss it that much and you have to find that joy in your life regardless. Not being able to pay your bills is entirely different for me that's hell on earth. I also find when you stay in your power and in the moment then your chances of success grow exponentially. Keep an open mind as there ate many ways to accomplish a goal. I like to focus on the task at hand in the moment and not so much the outcome.
Absolutely Agree Kevin! And I will say it the same way you said it with a mean face and stating NEVER again! It does ruin family as lottery winners have confessed!!! As a retired limo driver of 15 years, most wealthy so this. Micheal Jackson told me something once when he was one of my clients and it stayed with me. He said "everyone wants my money, every around the world is greedy, Everyone !!!!!!!!! " Thanks Kevin!
For every dollar you have in your pocket, there are a hundred people trying to get it!
Only greedy people want money? Whoever wants money is greedy?
i have a small family and just became significantly wealthy in the last 2 years. I look forward to gifting most of it to them and charities. i have all i want.
That’s very generous of you! I wish we had someone like you supporting our work in India. We are serving homeless families and leper colonies here.❤️
@@ashleykindheartministrieslol never thought I would see a scammer go that low
You won lotto ? You bought tesla at $20 ? You bought bitcoin for 1$ ? How did this magic work 😂
Enjoy :)
Nothing tears up a family like money.
And grenades.
It's the same with friends.
@bmoshareholderappleshareho855 Not if you've guns.
When family or friends ask for money always consider it a gift! If not it will ruin any relationship you may have with that person. You give and never look back
Be grateful you could help someone you care about
It depends on what kind of family you have. Things can be good or bad when it comes to money and business. With my family, we never ask each other for money; instead, we always hire one another for work instead. For example, my uncle has a small fencing construction business. We needed new fencing, we paid them, and they got the job done. They got what they wanted, and we got what we wanted. Everything was awesome! We always create jobs for one another so that none of us feel like we are taking something from each other. In my family, you can walk away with money you earned. It's a very satisfying feeling, versus walking away with money you feel like you owe to a family member. Right now, I got grass to mow. If you were a family member in need of money, I'd offer you a job to cut my grass. That's how things are in my family.
Really enjoyed this video! I’ve been tuning in for a while now, and your insights are top-notch. With Bitcoin hitting some pretty wild numbers, I’m starting to get curious about how to get involved. As someone who's just starting to explore this, any tips or wisdom on how to approach this would be greatly appreciated!
We started this year with so much positive energy mostly when it comes to bitcoin day trading....... I would boldly say this here, you can't be profitable and successful hoping on hodling alone and waiting for the market to skyrocket......"Day trading" still remain the very best way to accumulate and grow a strong portfolio when it comes to crypto.. All praises goes to Roger Ruz's daily signals and guidance for the well analyzed predictions given to me!!!💪🏻💪🏻💪🏻💪🏻
That sounds intriguing! Wh0 is Roger Ruz and Hw can I get in touch with him as well?
Sounds intriguing! Who is Roger Ruz, and how can I connect with him? I'd love to learn more about his approach.
Sure here is his official Telegrams
@RogerRuz ... ✊✊
issue cause "family members want some of your money for free".. "that really ruins thanksgiving dinner". im dead😂😂
YOURE DEAD ?????????????????
Here's how you solve the problem:
1. You make a RUclips video discussing this family dilemma.
2. Collect revenue from RUclips for this video.
3. Give Your Family a 5% Royalty of every RUclips Direct Deposit.
4. Enjoy Your 95% Profit.
I wouldn’t ask for money. Things like that can ruin thanksgiving like you said. If I was serious about needing money I would ask a person to coffee and ask for advice and value your mentorship and do what you say because that’s how I grow and become better myself. Handouts will not help. I have been in a tough place before and my friends knew it and some handed me a little money to help, I am grateful to this day for that gesture while we worked through it.
I loaned money to a family that “needed it.” I quote those words because everyone’s needs are different. Later on I see them eating out buying fancy things It was a few grand. But shortly thereafter the loans was due. The husband said I would have it back in 2 months. I would never do that again. I had to chase him and received it back piecemeal. $800 here $500 there. It took about 6 months to finally collect. Our friendship was never the same. That was many years ago but I learned.
He’s right, the answer is either no or it’s a gift. Having debts with family or friends is never a good thing.
Thanks, uncle Kevin, now I know to ask for 3 times what I need.😂
That’s a good one .
Kevin it is I, your favorite and most beloved nephew, Jonny. Remember that time we went fishing? Good times. I need a million dollars.
Mr. Wonderful always has good practical advice, thats why some people dislike him. I think he is great.
My best friend told me lending money to family will sometimes lead to problems. He says just give it to them if maintaining a relationship is important to you
I've said the same thing for years and have stuck to it. They believe that as long as they owe you money you'd never be broke.
When you're so rich you have Raptor eggs
Hard no on the $50K. Tell them no. No is a complete sentence. That's what banks are for and if they can't get a loan from a bank, that answers that. Even if my siblings came to me now, it would be a hard pass, I would tell them to go to a bank, you will get more peace and a simple life than entertaining people who want free handouts. NEVER EVER loan money to friends or family, ever, it just ruins every relationship. Dave R would agree.
yes, thank you. If family is disrespectful enough to ask for money that means they are disrespectful enough to ask again.
He isn't advocating a loan. It's a gift. It doesn't break the bank (he's rich) and it keeps the family intact.
Cheapskate!
Have to agree. Let a bank access the situation on their side. Fools rush in where banks fear to tread.
Dave R?
No one asked me for money when I was broke. Now I’m filthy wealthy trying to give back as much as I can. Some of us aren’t as fortunate as others. It’s good to give back with no strings attached! Peace and Love Kev-O 🙏🏼
I try to give to honest selfless folks. Can't find any !!!!!! Am dying to give. But no deservers.
@@kgupta2205 How do you go through the process of vetting someone you would determine is deserving? Just curious. I have some rich family. I am poorer and have never asked for anything all these years. They certainly don't owe me anything but Id like to think if I was in their shoes and they were me I might help them out ya know? Idk maybe I'm doing something wrong.
I see the same thing.
You may experiment with me, to salve your fruitless search.
Yeah giving with no conditions feels good.
I like this. Years ago, when people come to borrow money from me, I simply say I don't have money to loan, I offer them about 10% of the amount as a gift.
Brilliant. Who could say no. And you have peace of mind.
Kevin! I have been watching you for years on Shark Tank. If I won the lottery this would be my same approach. You NAILED it!!!
Congratulations! You've won a new winning lottery ticket that you never signed up for. It only costs $50k for the ticket.
You're welcome.
@@RichBoyRaz when you win the lottery the best investment is to by all the tickets for the next lottery 👍
I remember you offering this advice to lottery winners of big jackpots. Except the amount you used was only $10,000. I like the old Kevin. O'Leary, from the good ol days when $10,000 would go a lot further and solve family rivalries.
he moved it up due to inflation
Family members are the worst. They have zero qualms about using shame, blame, guilt, and obligation to manipulate you for money or whatever they need.
Their emotions get the best of them. Sad to watch...
Thank you Mr. wonderful! I have seen a lot of negativity around holidays because of family members who are in business together and they ruin the holidays spirit 😅😅
Love the show! You are a Great business person.
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Mrs Cathie wood
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
😱Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
I never let anyone know that I actually have money. I have been saving my money since I found out about the "tooth fairy." Stay employed, don't spend every dollar that you earn, don't buy things that you really can live without and save/invest as much as possible.
Stay employed 🙄, easier said then done
Good strategy - never let anyone know.
Then leave them all your money when you die.
Then don’t get married.😂
They will know once you start spending it.
Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Susan Jane Christy ❤️
Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
So nice to see Susan Jane talked about here, her good works are speaking already and like widefire, she's spreading.
Hallelujah.God still works wonders. place myself in position for such miracles and testimonies
I'm glad to write her today I do hope she will help me handle my pay check properly 😊😊😊
Can I start with as low as $5,000?
That is an awesome philosophy and practice. In essence my wife and I have done this.
Kevin, I have to weigh in on this one. If someone in your family asks you for money they are reaching out for your help. Every call for help is unique, it is specific to the individual, their current circumstances and the wider dynamic. If this comes as a surprise to you, then you haven't been paying enough attention. So here is the play, give them the money they ask for and add 50% so give them 225k, (if it is in your means todo so). If you don't have that available give them whatever you can spare. Everything given to family is always a gift, never ask for a return. The reason you give them 225k is people are afraid to ask for what they need so they trim the figure which leads to them not succeeding. You want your family to succeed, you want everyone to succeed so set them up for success and give them what they say they need. Then thank the universe for giving you such an easy way out and a second chance for neglecting to pay the attention you should have. That is your mistake, you should fix it. Oh and one more thing I do, I tell them to pay it forward not back.
I believe we’re closely related Kevin, I too am bald, cough up some cash big guy.
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
My advice: for newbies to grow financially this year, invest. Saving is good, but investing elevates your finances. Why newbie make huge losses on trade is because investing without proper guidance can lead to mistakes and losses. that will stop you from trading, this has been one of the biggest problem to new traders, I've learned this from my own experience
Tracy Britt Cool Consulting was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Tracy.
She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment
How can I reach her?
So we learned here. If his family member wants 150k from this guy; they ask for 450k
Ask for 3 mil 😂
This is the way. It satisfies both parties and secures the future.
Same thing my mother taught me. If ANYONE asks for $$$$ .. ever. If you're going to give it. Give it as gift no strings attached. Consider the $$ gone. But as he said. don't ask again.
“Money buys you freedom” is veritable slavetalk if ever I heard it. 😂😂😂😂
It's freedom that only money can buy. Lol Not the free freedom that is free...😂😂😂😂
Kevin, I need a cheque for $750 million. I promise I’ll never ask you for money again.
Ok Kevin here's $50 million.
You promise to never ever ask me for money again.
Kevin grabs dashes out the door... thinking I outsmarted him.
That is like giving someone 5 bucks to piss off at your status isn't it?? 🤣
So much for helping out a family member and coaching them into a successful business since you are such a successful business entrepreneur. What the heck is wrong with you? Haven’t you made enough money to where you can afford to make another mistake? If we would be generous with each other and help each other and provide the support needed so much could be built together united. Remember, none of us get out of here alive and you can’t take it with you!
Smart man!! If I had it like that, Id do the same withmy friends/ family..❤
Its either a gift 🎁 or a No! From me.
Bless-up..
Dude your lucky, helping family, helping the homeless that can't help themselves, it's part of your job responsibilities and you have the best job in the world don't you? I suggest that you invest in the less fortunate, teach them how to manage what little scraps they have, and make better choices for themselves and for others.
I know people who are homeless and hard working, they just have extremely shitty luck, not enough qualifications, or health issues.
@@katrinasteines-shopa5971 there I change my post for petes sake
Now I have recovered 90% of my lost money may Allah keep blessing her for me ❤
Please I need someone to put me through on how this Bitcoin trading really works, I'm interested and willing to invest heavily in it.
Thanks so much Mrs Catherine Adriana. I've been scammed 2 time's and I lost all my money but meeting you was the best thing that ever happened to me.
Very true! I've been able to scale from $14k to $210k in this red season because my Financial advisor figured out Defensive strategies which help portfolios be less vulnerable to market turndown.
I want to compliment you,you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
Hello from norway I'm retired at 47, went from Grass to Grace. This here reminds me of my transformation from a nobody to good home, honest wife, $35k biweekly and a good daughter full of ❤ I'm forever grateful Catherine Adriana.
I would rather have the knowledge to make my own money. I don't want someone else's money.
This video came up on newsfeed after someone asked me for money yesterday. And I had exact same approach. Give nothing or a little as a gift. You don't want it back, because you will not get it back 8/10 times and this will make you angry and it will go deep to relations being broken. So I'd rather avoid the headache. Give nothing, or give a fraction as a form of charity with nothing to pay back and don't ask again.
I did this for my brother. He came to me once asking for money for food and basic needs. He's the kind of guy that I know for sure that he would never be able to repay me without putting himself in trouble. So I said: " look, take the money, dont repay me but never come back to me for more later or I'm going to feel akward about it and might cut our relationship."
Well guess what, he came back a few months later for more... So I said no but packed him a bag of food supply since it was supposed to be "again" for more food.
I delivered it to his apartment without "knocking" or saying "Hi". Never speaked to him ever since. Probably won't for a while.
What I've learned from this is that it's okay to help others but don't help people even close relatives if they don't want to help themselves first...
Note that I'm 27 and he's almost 40 years old.
I never give them anything. Not even a loan, not gifts, nothing. They all love me.
Maybe all your relatives had their own money
@@ignaciogodoy7095 They had their own money, but I alway had more, so they always kept asking. I always unequivocally said no.
@@ignaciogodoy7095Everyone has his own money just some people has much more than another, it doesn’t mean they have to give to those who has less .
It keeps the peace.
This guy makes more than 50k a week from his 600 million net worth. So it's like one of us buying a family member a .75 cent donut.
It's the principle! People who use other people to make their own life easier become parasites.
Not like a donut. If he's making a modest 7% on that, it's like 200k a week.
@kaplada22 even better. He's not loaning or giving them the $$ he's buying freedom and silence. Which costs him 0
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 358k so far and pretty sure I'm ready for whatever comes.
Talking about advisors, do u consider anyone worthy of recommendations? I have about 100k to taste the water now that large cap stocks are at a discount... Thanks.
'Rebecca Nassar Dunne’ is the manager I use. Just research the name. You'd find necessary details to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Great advice. This is the same thing that I do with my family. I am not a well for their thirst.
I've been doing the same thing for decades. Give what you can, but never the whole amount requested.