4.6 • 682 Ratings
🗓️ 18 July 2024
⏱️ 8 minutes
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0:00.0 | Brought to you by the Every Dollar app. |
0:04.3 | Start budgeting for free today. |
0:06.4 | Back in 2017, my mom passed away when I was 19 and left me an inheritance that included a portion of my father's 401K that she received in the divorce two years prior to her passing. |
0:26.0 | Um, of that amount, um, my father, um, asked me or requested a $40,000 loan two years ago to assist in his completion of his retirement home, |
0:42.3 | which is now wife. |
0:44.8 | Um, and the terms of said loan, um, or a bit ambiguous and, um, I suppose over time, |
0:53.5 | it's something that, you you know hasn't really been discussed |
0:57.1 | and I'm just looking for a little bit of guidance on how to you know pose the conversation |
1:03.5 | and in a way that that doesn't seem you know greedy or or pushing you know I am conscious of the fact that, you know, |
1:12.2 | at one time it was his money. |
1:14.1 | So that is something that, you know, I guess. |
1:18.4 | When it came to you, Matthew, it was not his money. |
1:20.6 | It was your mom's. |
1:22.5 | You got to get that out of your head. |
1:24.5 | How did he ask you for the loan? |
1:29.3 | He kind of had a do-it-himself-style attitude. |
1:33.1 | So instead of going the traditional route of, I suppose, construction financing. |
1:38.8 | No, no, no, no. How did he, by the way, he doesn't have a do-it-yourself because he had to call |
1:43.4 | his son to borrow money. |
1:44.8 | So he likes to do it when he's in control. |
1:47.4 | That's two different things. |
1:48.7 | How did he ask you for the money? |
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