Your Money is Not Their Money

Does your would be borrower work as hard for his money as you do for yours? If he is in a field that doesn’t produce much money painting, acting that is his choice, but why should you support his “artistry” while you are nine-to-fiving (or nine-to-nining) in a job that enervates as well as pleases?

Some people always seem to have the “shorts.” Okay, loan a little to the trustworthy but this was always (still is) my theory: If you (I) can get by without borrowing, even when poor, why not they?

Nobody had more financial problems than I when young and fragile (yes, fragile!). I only borrowed once four hundred dollars from Alice Belding in case I needed it for my first trip to Europe. I didn’t and gave it all back.

When you have made money, I still think there are better things to do than subsidize the “needy.” (I’m not talking about giving to charity.) Truth: A man will not love you for subsidizing him. He may not love you if you don’t, but you’ll still have your nest egg. Pay for him and you’ll probably eventually lose money and man. The same thing is true with platonic friends you lose them after you cut off the funds, or when they can’t pay back, they drop you.

Tags: can get by without borrowing, Nobody had more financial problems