I would like to hear your opinions on borrowing money from friends. Is it embarrassing to borrow money?

My dear,

As with many things in life, lending money should be viewed in the context of the specific situation, rather than being taken out of context and trying to find a fixed and immutable conclusion.

When you are able to do so, lending money is a way of showing affection and loyalty, as well as a testament to your feelings. Even if you can afford it yourself, it is a sign of affection to let your partner do the spending between lovers. When your partner is down on their luck, lending a helping hand is a way of showing loyalty. Lending a helping hand in a time of need, lending a helping hand in the snow, and even putting yourself in the other person's shoes is a testament to the two of you.

It is important to remember that borrowing money is not always an easy solution. If you find yourself unable to repay, it can become a burden rather than a help. For instance, if you spend beyond your means and borrow money to get by at the end of the month because you overspent at the beginning, this could be a sign of self-indulgence. In such a case, borrowing money may not be the best solution as it could have negative consequences, including damaging your credibility with friends and relatives.

It is important to remember that if someone is unable to manage their own affairs, it may not be appropriate for them to be entrusted with something by others. Without mutual trust, it can be challenging for people to rely on each other and to coexist and prosper in a world where competition can be fierce. It is essential to understand that there needs to be a foundation for exchange, which is that you yourself must have something to offer now or in the future.

It's important to remember that just because someone has lent you money once, it doesn't mean they will always be willing to do so. Lending money is a gesture of affection, and not lending it is simply a matter of fulfilling one's obligations.

If you take help as the norm, there is a risk that you may lose your friends when feelings become thinner and thinner and finally become unbearable. This is because the giving of a friend is never free, and there is always an underlying understanding of affection or gratitude.

The saying "a favor never forgets" is not to be taken lightly. It offers a piercing insight into human nature that is worth reflecting upon.

Hello! Thanks so much for your question. I've done a lot of reading and I'd love to share a quote with you: the fastest way to lose a friend is to ask them for money.

Why is that, do you think?

I don't usually borrow money, and so far I've only borrowed about 1,000 yuan from friends twice. My friends were very generous and lent it to me, and I paid it back right away. Later, it felt a bit weird hanging out with friends when I was broke. Then, after a few years, I thought about it and decided that it's best not to have financial dealings with friends. For example, now that we're all adults, everyone needs money sometimes, but we should be able to make our own money and spend it on ourselves. We should make our own plans. If we're still asking friends to lend us money to spend when we're 25-35 years old, our friends will doubt our personal abilities, which will seriously affect our status in their eyes and thus our relationship.

The friend I borrowed money from is also a childhood friend, and I have known him since junior high school, for 20 years. I only borrowed 1,000 yuan. Last year, I slowly realized that even if the friendship is very good, after borrowing money a few times, the relationship will be over. So, if I need temporary funds, I will borrow from my parents and pay them back more than I borrowed. Anyway, they also buy things for me or save money for me. So, usually, it is fine to eat with friends, play games together, or just exchange ideas. But when it comes to borrowing money, I would never borrow from friends.

I'd love to suggest that we try to save some money. Now that we're working, we have the opportunity to save money without spending money or buying things. For example, I know that if I save 300,000 yuan, it will feel completely different from just spending my salary. It's the same amount of money, but having savings gives a sense of security. For example, if you want to buy something big in the future, you don't have to save a little each month or borrow from someone else. Paying back money doesn't feel good, especially if you have to pay it back every month and feel bad about paying your Alipay or credit card first as soon as you get paid. I think you feel the same way.

So, we save more or less every month, and no matter what, we always have a surplus. We're lucky to be at a point in our lives where we can start saving money now that we're working!

I hope you find my thoughts on asking friends to borrow money helpful! I'd love to hear your ideas too. Thanks for asking this question. I appreciate it!

Hello, landlord. I hope my answer is helpful to you.

If a friend asks me for a loan, I'll first ask how long it'll take to pay it back. If they can pay it back on time, I'm fine with it. We're friends, and we help each other out when we need it. But if they're not trustworthy and don't pay it back, I might not lend them the money next time. I probably won't ask for it back either, because they probably don't have the money or they're deliberately not paying it back. It doesn't seem like it'd be worth my time to ask for it back.

If I were the one asking for a loan, I'd think about it carefully. I'd only ask for a loan if I absolutely had to, because money talks.

If I really needed to borrow money, I'd turn to my parents first. When I pay it back, I'd pay a certain interest so that they'd be more willing to lend it to me next time.

Even with loved ones, you need to keep track of your finances. Any relationship needs to have the right boundaries.

It's actually more important for us to brush up on our financial management skills. I don't often borrow money from others these days, and it's rare for anyone to borrow money from me.

I take better care of my money, I feel secure enough, and I believe I can provide for myself.

It's important to have a positive mindset when it comes to wealth. Only when we feel good about ourselves can we truly be considered wealthy.

We feel at ease when we're taking action. This isn't about the total amount of money, but about a state of mind.

Your wealth or poverty is a reflection of your thoughts.

If we have limiting beliefs about money, such as "I need to borrow from friends to get by," "I can never earn enough," or "I spend more than I earn," these beliefs will prevent us from gaining wealth. This may be your family's attitude towards money because family beliefs generally accompany us unless we consciously remove them. But no matter where these beliefs come from, we need to consciously remove them and find better beliefs to replace them.

For instance, you can tell yourself, "I open myself up to all the wealth and luck in the world." You can say this to yourself once a day, while also stretching your arms out to the sides, which will give you a feeling of expansion.

The world gives you what you're aware of.

For instance, you can also say to yourself often: "I'm open to new sources of income." "I now accept the income I've always hoped for, and also the income I've not hoped for."

However, it's not enough to just increase the amount of money. We also need to enjoy it. Let yourself feel the happiness that money brings, rather than focusing on the problems it causes.

Money isn't a big problem in your life. It's just about "exchange," and that's what it's all about.

So, use money as a tool to bring us more happiness, and don't let it limit us. Develop a positive mindset about money. Believe that you will have enough to spend and that you can live well without borrowing from friends. I believe that you will lead a more abundant life.

Wishing you the best of luck!

Good morning, host. I am pleased to have this opportunity to respond to your question. After reading your views on borrowing money,

From my perspective, it seems that you have a fixed view of people who borrow money. This view is that people who borrow money are either incapable or do not have a reasonable plan for the use of money. As a result, you will have a prejudice against them.

It is a common practice to borrow money for various purposes in our lives. Whether it is purchasing a house or a car, or even spending money on credit cards, it can be considered a form of borrowing. However, there is no discrimination against individuals who borrow money for these purposes. They are viewed as normal users of financial products offered by financial institutions to serve their personal needs.

I'm unsure if you've observed the distinction between the two. The criteria for approving mortgages, car loans, credit cards, and personal loans from financial institutions is based on our capacity to repay the loan. As long as you have the ability to repay, they will approach you.

Loans between friends are based on feelings, which makes them different from loans from financial institutions. Loans from financial institutions are interest-bearing, while loans between friends are interest-free. It is considered unfriendly to discuss interest with friends. Therefore, the more you borrow from financial institutions, the better your credit, and the higher the limit. Loans between friends are based on feelings, so there are no scientific or rigorous evaluation standards. The risk coefficient of the funds lent is also very high. Therefore, the feelings between friends are also used less and less. Everyone is increasingly disgusted with the stage between friends, so everyone has inadvertently begun to not welcome people who borrow money from them. Unwittingly, people who borrow money frequently are labeled as having poor rewards and poor management of money.

My friends also negotiate interest rates when lending to each other, and some of them put up collateral as security. This is not a pawnshop transaction. We currently mix and match some valuable items and pawn them at a pawnshop for a certain period of time. After that, we use the principal and interest to redeem our items and turn lending between friends into a commercial operation. If everyone did this, it would help to overcome the prejudice against lending.

Most wealthy individuals are adept at utilizing loans as financial instruments to facilitate their investments or operations. They exercise strict control over the proportion of loans in their assets to ensure the smooth functioning of their cash flow. If we can consistently meet our repayment obligations, there is no reason to feel ashamed about borrowing money. Only those who lack creditworthiness and default on their debts may feel ashamed.

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