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    oney, expecting nothing in return but the undying love of her last born son.

    You, on the other hand, don't know if you should offer the money as a loan (should I loan him th

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    Q: My youngest son wants to borrow $5,000 to start his own business. My wife is afraid to tell him no. She thinks we should just give him the money and not expect anything in return. I disagree. He doesn't have a very good track record with money, so I'm a little worried that my investment will be lost. Should I loan him the money and hope for the best or just tell him no and hope he doesn't get too upset?

    A: The first thing you need to do, Jeff, is determine if this money would be offered to your son in the form of a gift, loan or investment. The very wording of your question tells me that you have not yet made that all-important distinction.

    It sounds like your wife wants to make a gift of the money, expecting nothing in return but the undying love of her last born son.

    You, on the other hand, don't know if you should offer the money as a loan (should I loan him the

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    rn. I disagree. He doesn't have a very good track record with money, so I'm a little worried that my investment will be lost. Should I loan him the money and hope for the best or just tell him no and hope he doesn't get too upset?

    A: The first thing you need to do, Jeff, is determine if this money would be offered to your son in the form of a gift, loan or investment. The very wording of your question tells me that you have not yet made that all-important distinction.

    It sounds like your wife wants to make a gift of the money, expecting nothing in return but the undying love of her last born son.

    You, on the other hand, don't know if you should offer the money as a loan (should I loan him th

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    ust tell him no and hope he doesn't get too upset?

    A: The first thing you need to do, Jeff, is determine if this money would be offered to your son in the form of a gift, loan or investment. The very wording of your question tells me that you have not yet made that all-important distinction.

    It sounds like your wife wants to make a gift of the money, expecting nothing in return but the undying love of her last born son.

    You, on the other hand, don't know if you should offer the money as a loan (should I loan him th

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    an or investment. The very wording of your question tells me that you have not yet made that all-important distinction.

    It sounds like your wife wants to make a gift of the money, expecting nothing in return but the undying love of her last born son.

    You, on the other hand, don't know if you should offer the money as a loan (should I loan him th

    Group Meeting Disrupters
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    oney, expecting nothing in return but the undying love of her last born son.

    You, on the other hand, don't know if you should offer the money as a loan (should I loan him the money) or as an investment (worried that my investment will be lost).

    Until you can make that distinction, your money should remain in the bank.

    I have a very simple rule when it comes to loaning money to relatives: NEVER, EVER loan money to anyone you might have to sit next to at Thanksgiving dinner.

    "Son, pass me that dressing and tell everybody the story of how you blew your old dad's retirement money..."

    A loan from a relative is no different than a loan from a bank. You, Mr. Banker, are giving your son, Mr. Borrower, the use of your money for a specific period of time and you fully expect the loan to be paid back under specific terms, even if his business goes south. Sure, you wi

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