Some of the best advice I ever got from my old man:
"Never lend out money you aren't ok with ever seeing again."
That said, the only time I've ever really loaned out money was to fly my best man in for my second wedding. He was going to drive, but it would have put a lot of miles on his old truck and he would have showed up the day of the wedding and had to leave early the next morning. I had some extra cash, and flew him in for the weekend, instead.
He'll probably pay it back, someday. But if he doesn't, it's a loan turned gift. And I'm OK with that.
|