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5 Rules for Lending Money to Loved Ones: Avoid Pitfalls & Keep Relationships Strong

#lendingmoneytofriendsandfamily #lendingmoneytolovedones #loanrepayment #pitfallsoflendingmoney #rulesforlendingmoney

Lending money to friends and family can be a kind and generous act, but it is not without its pitfalls. According to a survey by LendingTree, 60% of Americans have lent money to loved ones, with an average loan amount of $1,000. However, nearly half of those who have lent money report negative experiences, such as delayed payments and damaged relationships. To avoid these potential issues, it is important to follow five key rules when lending money to friends and family. The first rule is…

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the word million spelled with gold balloons and confetti on an orange background that reads 1 million

One million dollars might not be the fortune it once was, but it’s still plenty of money. Here’s the rub: $1 million can melt away fast if not managed wisely—but prudently invested, it can go a long way. Know Your Goals, Timeline and Risk Tolerance Understanding your financial goals, timeline and risk tolerance are the […]

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