Word spread now my whole family knows how much money I make everybody keeps constantly asking me for money & it’s so draining i feel like if I say no everybody is going to look at me differently im actually so drained i feel like shutting down my business & just live normally:(
How do you deal with family that keep asking you for money:(?
byu/Top-Leadership7625 inEntrepreneur
Posted by Top-Leadership7625
23 Comments
„No, I cannot give you any money. Please do not ask again.“
Always lie lol. Act like you owe some people some money like scary investors. Make your situation sound not that great.
I don’t give money to anyone. I find that it doesn’t solve problems at all.
Would you rather feel drained by people asking or BE drained by saying yes? 🤷♂️
Just say you’re leveraged to the tits and can’t, but you would if you could.
Pretend you are broke never let anyone know how much money you actually have or make.
Ask them for money.
Depending on how much you’re really making, and that maybe you WANT to help out CERTAIN people, but don’t want to make giving them money a habit , you could always open a high interest savings account with a one lump sum deposit. Let certain individuals know (cuz this is true) that this is the only way to give them money without having to claim it on taxes and it becoming a huge problem with the IRS. What they decide to do after is not your business or problem. If they let it sit, it slowly gains. If they empty it, there will not and cannot be any more. You’ve gratuitously given, they’re in control . They want more, they wait. They need it now, thats their choice and that’s all there will be. You seem extremely organized , protecting your business and generous. And you wash your hands of anything that happens after. Just a suggestion
So you want everyone to look at you differently and also not look at you differently. Good luck with that.
Learn to have boundaries and stick to them
You should have been very careful
Say no
I give what I sincerely can without putting myself out. I like helping my family with gifted money but I’m not paying for addictions or losing my ass.
Ask them for investment and make the business model sound insane
it’s because you don’t have guidelines for yourself. Set up some rules.
if you get a text or email asking for money, ignore it. if they persist, mute them.
if someone directly asks you for money, say that everything is tied up and nothing available.
if someone asks for charity, say that you have designated charities already.
Ask them first. They’ll be confused lol
I tell them I have loans, debt collectors, that we lose money because of inflation, and that we don’t earn much. It helps that I’m a humble person. I don’t wear flashy clothes, I drive a simple budget SUV, and I don’t take expensive holidays. I do have many assets, but no one sees them. I don’t brag or talk about what I own. Only my wife, mother, and sister know partially of what the reality is, no one except the lawyer has any idea about the whole picture.
Just say no don’t be a pussy
You tell them that you have money on paper, not on paper. It’s tied up in the business. I am actually broke. Sorry I can’t help.
If you give out any money, make it a loan, apply interest, at least at the rate you would get if you didn’t make the loan
I have done similar for people in the past. They get their own loan account. When the money is gone, they can’t borrow anymore until it has been returned.
If you say no they will be mad at you.
If you say yes you will eventually broke like everyone asking you for money.
Uhh. Troll much? Why would they think you had money? Thats not an r/Entrepreneur thing.
Man.. that’s such a tough spot to be in. When family starts seeing you as a wallet instead of a person, it drains you fast. Saying no doesn’t make you selfish, it just means you’re protecting your peace.