Comments on: Parents Lending Money to Children – Good or Bad Idea? http://wealthpilgrim.com/is-it-smart-to-fund-your-childs-new-business/ WealthPilgrim.com -No Money Worries. No Matter What. Tue, 22 May 2012 13:10:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Neal http://wealthpilgrim.com/is-it-smart-to-fund-your-childs-new-business/#comment-263 Neal Thu, 09 Apr 2009 14:03:40 +0000 http://wealthpilgrim.com/?p=1012#comment-263 I agree with Nate and Baker. Lending money to or from family can strain the relationship easily. Also, putting a family member into a business they have no reason to be in could be the worst possible course of action. Thanks for your thoughtful comments. Neal I agree with Nate and Baker. Lending money to or from family can strain the relationship easily. Also, putting a family member into a business they have no reason to be in could be the worst possible course of action.

Thanks for your thoughtful comments.
Neal

]]> By: Nate @ Debt-free Scholar http://wealthpilgrim.com/is-it-smart-to-fund-your-childs-new-business/#comment-262 Nate @ Debt-free Scholar Thu, 09 Apr 2009 13:22:21 +0000 http://wealthpilgrim.com/?p=1012#comment-262 I agree with Baker, borrowing is hard on relationships. Personally, I would rather borrow from a bank and pay high interest, that borrow from family and strain our relationships. Thanks, Nate I agree with Baker, borrowing is hard on relationships. Personally, I would rather borrow from a bank and pay high interest, that borrow from family and strain our relationships.

Thanks,
Nate

]]> By: Baker @ ManVsDebt http://wealthpilgrim.com/is-it-smart-to-fund-your-childs-new-business/#comment-261 Baker @ ManVsDebt Thu, 09 Apr 2009 12:09:06 +0000 http://wealthpilgrim.com/?p=1012#comment-261 I'm a big believer in the borrower is slave to the lender. Many people think they are actually helping family members they lend to, but more often than not they usually end up putting enough strain on the relationship to ruin it! I’m a big believer in the borrower is slave to the lender. Many people think they are actually helping family members they lend to, but more often than not they usually end up putting enough strain on the relationship to ruin it!

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