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Should I Loan Money To A Friend?

All of us have had awkward money scenarios happen to us in our lives. There are the immediate face-to-face confrontations when a personal friend asks us for money while out on the town. Or what about the time that your college roommate asked you if they could borrow $5,000 or $10,000? Remember when your 2nd cousin said they would be starting a business and were wondering if you would invest $25,000 in the new venture? So, how do you handle a money situation that may make you lose sleep at night? Here are three smart money moves steps to diffuse the problem. Step 1: Empathize. Listen, and Show that you’ve heard by recapping what specifically the other person is wanting to do with the money. Make sure you initially understand it from their point of view. Indicate that you know that economic times are tough, and their individual circumstances are particularly difficult. In a certain sense you need to be able to step inside of their shoes to feel a…

The Art of Negotiating

Well, this seems simple enough – don’t lose your shirt. All kidding aside, most people don’t know how to negotiate a contract, or at least one that they won’t regret later. So, here are some guidelines to making a sound decision while making some money. This article is for home sellers, but you home buyers, […]

Lessons About Life To Remember

Regina Brett wrote this column for The Plain Dealer paper in Cleveland Ohio. Some emails are going around saying it was written when her odometer rolled 90 years old. Of course, I did a little double checking and find out that the lessons she learned were appreciated by the time she turned “50”. I’d say […]