https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9264209
Don't give until really close and trustworthy. These days money can be arranged in many ways pretty easily like credit cards, loans etc.,
How to trust someone - financially
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During school time when we used share everything and try to contribute even with those penny we use to have
In the college , used to share alot but after sometime get to know that some people trying to do fraud with me , not giving my money back ever
Then get into job and then started covid so no social interaction, but now in few weeks I will starting work again outside my home space so social interaction.
But how to trust people with money when they ask for it.
Lying is the only solution I can think of , but does not sound morally right. What if they really need money.
This whole condition is hypothetical that someone will ask for money, but the thing is I failed in this thing in college during my time which sometime resulted in quarrels so don't wanna repeat such thing in life forward...
Thanks for your time
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Top Comments
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9264231
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.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9264290
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!
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9264323
Check their okcredit score on ok credit app😜
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9264379
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.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9264383
don't trust anybody
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9264389
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
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9264953
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
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265050
woodfield753 wrote:
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
Kind of like this approach, thanks
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265585
caks2006407 wrote:The other option is: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
Find out the reason for the loan:
If it is for investment , join him as investor. He must have done the research , just utilize the opportunity.
If it is for expenses , check his credibility from his relatives (like re-paying the loan with interest within the time). Just lend him with interest.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265652
parveenkk wrote: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!
Vish(venom)+vas(vessel);
--- what do you mean by this ?
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265658
Very nice suggestions above ... PEOPLE CHANGE AS SOON AS YOU GIVE THEM MONEY , SO DONT GIVE. BANKS ARE THERE FOR THIS JOB.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265666
Expand
third.i.financial.advisors wrote:
Vish(venom)+vas(vessel);
--- what do you mean by this ?
Trust in Hindi "Vishvas" and after breaking down Vishvas into two Vish and vas which mean venom and vessel.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265671
Expand
third.i.financial.advisors wrote:
Vish(venom)+vas(vessel);
--- what do you mean by this ?
It's VISHWAS (Vishvas) aka Faith, Vishvasa in Kannada, Vishvasam in Telugu, Tamil etc 
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265678
third.i.financial.advisors wrote:Very nice suggestions above ... PEOPLE CHANGE AS SOON AS YOU GIVE THEM MONEY , SO DONT GIVE. BANKS ARE THERE FOR THIS JOB.
Adding more to this DONT PUT SURETY for Loans and Credits 
. I suffered for 5 years for this mistake.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265681
third.i.financial.advisors wrote:Very nice suggestions above ... PEOPLE CHANGE AS SOON AS YOU GIVE THEM MONEY , SO DONT GIVE. BANKS ARE THERE FOR THIS JOB.
Yeah people do change , but when I lost the money the most is during trip, during party, month end crisis, they ask money and sometimes forget or take too much time and it becomes like duty to beg for your own money sometime I just decide not ask ever and will never help them ever. I havnt lent them ever after that but the thing is when new people in your contact ask for it .
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265694
. I suffered for 5 years for this mistake.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265820
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
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265838
monu.tanwar123262 wrote: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
How is she your best friend when you are asking to return mere 500.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265846
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.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265849
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265877
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265883
DooMLoRD wrote:
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.
Get trapped in these situations the most , they will keep on spending unnecessary stuff in their life but not think to return money
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265892
monu.tanwar123262 wrote: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
Good you can see that early , she is gone and you are saved . Parasite should be removed from life asap
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265914
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9265963
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9266259
Only lend money when you are completely OK if they did not return
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9266563
monu.tanwar123262 wrote: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
She pegged you for a simp. Lucky for you, you weren't.
https://www.desidime.com/discussions/how-to-trust-someone-financially?page=1#post_9266582
"Never lend money to relatives, otherwise you risk of loosing them both" so stranger is out of question for me.
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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.
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
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!