It can be annoying when you have made quite some money and people now start to see you as an easy picking when it comes to lending them money or some people start to feel like because they have known you for years, you owe them something. Right?
If you have money to spare you can give to them,but if you don't have, just say 'No'. It does not hurt that much!
A well to do friend of mine recently complained of how he gets lots of messages from Facebook friends via his inbox asking him for support to fund their projects or business start up's,at the same time he has other close friends and family that are asking him to lend him money with his own financial needs to take care of. Obviously, he was getting stressed out because he is the kind of person that finds it difficult to say 'No' because he does not want to hurt anyone.
You can't give money to everybody---Dr.Schreier
I am not saying it's bad to help people, to say yes to people or grant them their financial request of you. I am only saying it's wrong and financially imprudent to give to please people at expense of your own financial needs.
Saying 'No' to friends or family that wants you to lend them money may be difficult initially but over time you would get used to it. Make it a known policy by making it a habit not to lend family and friends money, if they notice you never lend them money whenever they ask, they would stop asking. This keeps your life simple and saves you your relationship with them. When it gets too difficult to say 'No' to a friend or family, give what you can afford and never expect a pay back.
For acquaintances that email you via social media asking for financial support for their projects, Dr. Schreier suggest that you email them back and support them emotionally and not financially. Send them a positive message like "I am glad you are taking on this project, I wish you well.
Friends,family,acquaintance. Whoever they might be,if they ask you for money and you can't afford it, say 'No' and don't feel guilty about it. You can say 'No' and not feel guilty by being assertive and courteous,while saying 'No'. No may be's we will see or I have to think about it, this kind of replies keep prolonging the matter and creates an opportunity for the person to keep asking. Just say 'No,I would love to help but I am not in a strong position right now to do so.
Always remember you have two options; to say 'yes' because you don't want to feel guilty about saying 'No' and end up being miserable for saying 'Yes' or you say 'No' and not feel guilty for saying 'No' to put an end to a potential misery. To say 'Yes' is fine, to say 'No' is fine too. It's your hard earned money and you are incharge, it's up to you to decide when to say 'Yes' and when to say 'No'.
Thanks for reading!
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