How to trust someone - financially

Don't give until really close and trustworthy. These days money can be arranged in many ways pretty easily like credit cards, loans etc.,

No matter who asks for money, I never give it. I am cutting on my expenses and saving money for my bad times and good future. I feel lending money to someone will is sure way to lose money.

I simply say that I am living on my credit cards.

Don't lend money on Vish(venom)+vas(vessel); one will regret later why trusted someone and live in self-guilt.

PS: Learnt it the hard way!

Check their okcredit score on ok credit app😜

People often ask money for luxurious item , while saving their own money for investment like mutual fund , stocks and what not.

And they act like we will pay it in 10months. I have made it clear to myself if its something really necessary like a medical situation or something where daily necessities need money they are in such bad phase then only i consider helping.

don't trust anybody

@xedo123

now that something is bothering you how about you offload it

create an offline account in idfc bank or any high fd return bank and only keep 20% of your income in your online account 

let your major money be out of your sight so you don't give out a lot in the first place 

for example, if you earn 1 lac

transfer 80k to this account and keep 20k with you now you can only lend up to 5k which is a quarter of that amount 

this is assuming you are in 20 - 30 

only give out amout that your are confortable losing regardless how much your friends / family insist tell them clearly bro i only have 5k i have expenses too this is all i have please ask someone else for the rest

keep your finance to yourself dont share it with anyone not even your family if needed 

Best solution is to do same thing b4 they do - that is u ask them some money - they will never come back in this case

if u don't want to lie then buy plot or house etc and have big loan running always so u will not have much free money in hand

I learnt and re-learnt all this very hard way - people change 100% after taking money which we can not even imagine, that much people change. Never give money, never trust anyone; if u were to give then take signed blank cheq, do not feel shy

Very nice suggestions above ... PEOPLE CHANGE AS SOON AS YOU GIVE THEM MONEY , SO DONT GIVE. BANKS ARE THERE FOR THIS JOB. 

in 2018 i gave 500 to my so called female best friend, on other hand she was upper middle  class, after one month i  asked for my money, jaan nikal gye uski dene mai, apne bf k sth jaipur ghoom rhi h, bhai usa ja rha h, par mere paise dene mai dum nikal rha tha, she took another few days to return.... aj ajnabe hai hum

Same thing happened with me, I regularly go to a barber coz he is my friend's friend and he does haircuts well. One fine day , he asked me 300, I gave him, then he asked me 2k, I told I don't have that much, so he kept calling me daily till i sent him 1k, this happened in the month of March, he told he'll give by March end, now it's May and still I haven't received my money.

Another experience is, me and my friend's friends went to IPL match, I paid the ticket price for one of his friend. This match happened in April 1st week, 2.3k was the price, guess what, I haven't received the amount for that as well.

Now another person is asking me money , first he asked for 20k, I told I can't give, then he asked 10k, I told I've put in stocks and I only have 8k for my expenses, now he's asking 8k and he's like he'll return in 20 days, I haven't given him still, but he messages me daily even after getting denied 100s of times.

In the past in my college life, many of my so called friends have asked me money stating emergency and never returned it back and I never bothered to ask since it was not a big amount.

So one common learning is that, these people will keep on pestering you till they get money, once they get the money, you'll be the one standing at their place.

Only lend money when you are completely OK if they did not return

"Never lend money to relatives, otherwise you risk of loosing them both" so stranger is out of question for me.

How will you get the money back ? Will you travel to other state to get your money back ? 

Good topic, in another thread I was telling that one shouldn't give handloans, because the other person will most likely than not harass you to the core in returning it.