Tag: Loaning Money to Family

“Boomer Bank” – Lend, Give or Teach a Lesson?

A distressed single mom called me the other day because her daughter was in a crisis. The daughter couldn’t afford to pay a $300 car repair bill, and beyond that, probably needed a new car, which was going to cost a lot of money. Of course, the mom wanted to help just like she always does when one of her three kids or grandchildren needs a lifeline. But, every time she gives, the funds tend to disappear without any accountability for how or when they were used.

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