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Vent: I lent my cousin money for a dubious side hustle instead of insisting on debt repayment.
Supporting ambition can be more valuable than rigidly enforcing a debt schedule, despite the risk.
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uma_wilson798mo ago
A Harvard Business Review study last year found that 60% of family loans for entrepreneurial ventures default. Yet the shared experience often repairs strained relationships, don't you agree?
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ruby_murray8mo ago
That study's high default rate masks the deeper relational damage from mixing money and family.
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vera_thompson188mo ago
The shared experience argument falls apart when the venture is dubious from the start. Default rates are one thing, but lending for a half baked idea often just breeds resentment. It's not about repairing relationships, it's about enabling poor judgment. That money could have been used to clear existing debt, which is a more concrete form of support. Focusing on ambition over responsibility can backfire spectacularly.
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