Podcast Links and Show Downloads

According to the Census Bureau's Household Pulse Survey, 25.6 million people borrowed from friends and family this year, up from 19.1 million a year ago.

So here's the question: If a friend or family member came to you for money, would you give it to them?

It's been an issue for hundreds of years. Take this line from Shakespeare's Hamlet: "Neither a borrower nor a lender be; For loan oft loses both itself and friend."

And it's true. A Bankrate survey found that nearly half of those who lend to friends and family say it doesn't end well.

So, when you're approached or are about to approach, what's the right way to do it? That's what we're going to talk about today.

This week, Stacy Johnson and financial journalist Miranda Marquit are joined by producer Aaron Freeman. Our special guest this week is Lynnette Khalfani-Cox, known as America's Money Coach.

Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.

<a href="https://www.moneytalksnews.com/how-to-lend-to-or-borrow-from-family-and-friends/">Podcast Links and Show Downloads</a>
<a href="https://www.census.gov/data/tables/2022/demo/hhp/hhp44.html">According to</a> the Census Bureau's Household Pulse Survey, 25.6 million people borrowed from friends and family this year, up from 19.1 million a year ago.
So here's the question: If a friend or family member came to you for money, would you give it to them?
It's been an issue for hundreds of years. Take this line from Shakespeare's Hamlet: "Neither a borrower nor a lender be; For loan oft loses both itself and friend."
And it's true. A <a href="https://www.bankrate.com/finance/credit-cards/lending-money-survey-2019/">Bankrate survey</a> found that nearly half of those who lend to friends and family say it doesn't end well.
So, when you're approached or are about to approach, what's the right way to do it? That's what we're going to talk about today.
This week, Stacy Johnson and financial journalist <a href="https://www.moneytalksnews.com/author/mirandamarquit/">Miranda Marquit</a> are joined by producer <a href="https://www.moneytalksnews.com/author/aaronfreeman/">Aaron Freeman</a>. Our special guest this week is <a href="http://lynnettekhalfanicox.com/">Lynnette Khalfani-Cox</a>, known as America's Money Coach.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

How to Lend to, or Borrow From, Family and Friends

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/fdc65f72-6bfb-47de-8650-aef9012201e1/transcript

Transcript

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