Should I Stop Loaning Money to Friends?

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.8 • 1.3K Ratings

🗓️ 6 January 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to a new kind of #RichGirlRoundup! We're trying a new format, where my Executive Producer Henah and I will pick a burning money question and discuss our answers. These new mini-episodes will drop every Friday, and every so often, we'll put out a call for questions on Instagram (@moneywithkatie) and select a few to answer. For our first conversational RGR, we have a spicy (and very complex question): My friends and family keep asking me for money. What should I do? Katie and Henah chat through their framework for loaning out money, how to politely decline, and the cultural and familial obligations associated with money. You can also watch the full conversation over the Money with Katie YouTube: https://youtube.com/moneywithkatie — Follow Along at Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! - Instagram: https://www.instagram.com/moneywithkatie/ - Twitter: https://twitter.com/moneywithkatie - TikTok: https://www.tiktok.com/@moneywithkatie Subscribe to Morning Brew - Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! - Instagram: https://www.instagram.com/morningbrew/ - Twitter: https://twitter.com/MorningBrew - TikTok: https://www.tiktok.com/@morningbrew Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Roundup!
0:02.0	Woo!
0:04.0	Love it!
0:06.0	Welcome back Rich Girls and Boys to a new format of The Money with Katie Show.
0:13.0	I'm your host, Katie Gatti Tossan, and we are experimenting with something a little bit different.
0:18.0	So rather than including our Rich Girl Roundup question and answer at the end of every episode,
0:23.0	we are going to start releasing it separately on Fridays.
0:27.0	This way, the idea is that you'll be able to search them more easily and judge from the title,
0:31.0	whether it's a financial topic that you want to hear about.
0:34.0	My executive producer, Hannah, will be joining me for a discussion about these questions.
0:39.0	That way you get a second point of view, because they are often, like, most things,
0:43.0	not totally black and white.
0:45.0	So without further ado, Hannah, thank you for joining me.
0:48.0	Hi Katie, thanks for writing me on, I'm really pumped about this.
0:51.0	Yes, this is not your first debut on the show, but I'm glad that you're going to be coming back on
0:56.0	so we can have these hot take exchanges.
0:59.0	You know I love a hot take.
1:02.0	And now from our sponsors.
1:08.0	So, this week's question.
1:10.0	It's from someone who actually wants to remain anonymous, which is how you know it is going to be good.
1:15.0	She says,
1:16.0	I am a 36 year old single female and I'm working toward financial independence.
	...

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