During Group Therapy, we read a message from a Rock-A-Holic named Jeremy who needed some advice on loaning money.
His parents recently came to him asking to borrow $3,000 from him and they promised to pay him back in three weeks.
He doesn’t know what they need the money for nor does he think he does but what doesn’t make sense to Jeremy is that both his parent make substantially more than him. He asks if he should lend them the money or not.
Call me old and backwards but if you have to borrow money from your kid, you’ve made a lot of mistakes in your life.
Even if you make more money than your kid but still want to borrow some, I’m sorry but you’re a loser.
Successful men and women will never want to ask their kids for anything. This makes me wonder what Jeremy’s folks are really scheming.
As a father, I am very firm about what a good parent is and when the child has to take on the role and the mother or father starts acting like a kid, then they failed.
A lot of people texted said, “Well, they raised you, you owe them.” It is a parent’s job to take care of a child! I wish these vaginized people would open their eyes and see this is the truth.
Here is a good rule of thumb for loans: Don’t ever loan money you couldn’t give as a gift. If you consider it as a gift, you won’t be upset or be in a financial bind if you don’t get it back. This same rule should be applied to family no exceptions.
first off I love your show and listen to it every morning rock-a-holick for life. My name is Justin and Jeremy is my older brother. I want you to know first off he was full aware of why are parents needed the money. They were told by there land lord that they have been renting from for 8 years that they had 30days to move because he wanted to turn the property into an adult family home. that would put anyone in a financial bind even if you make a bunch of money. I personally helped them as much as I could. so in the end they needed it for living costs and help them for there first month at there new place. it hurt me to here what you had to say about my parents but I understand that you were miss led. it was really hard for my parents to ask Jeremy given that they never want to ask there kids of anything I myself helped without them asking. I hope on tomorrows show you can bring this back up and call me because I believe that my parents are not losers and always did the best they could for us and my brother is wrong for what he did. my number is 425 345 2653