Optimal Finance Daily · Thursday, October 1, 2026
J.D. Roth, writing for Get Rich Slowly, advises caution when lending money to friends and family, noting that these relationships can be strained by financial obligations. He suggests that even when loans are repaid, the situation can create awkwardness and that the potential for trouble is significant, even if most loans go smoothly.
“But many people have learned the hard way that friendships and finances Make a poor mix.”
“In fact, although I've never been able to find stats on the subject, I'd be willing to wager that most loans go smoothly. But the potential for trouble is so great that you should think twice before lending or borrowing money.”
“My friend and I have maintained a good relationship, but it'd be even better without the money situation looming over our heads.”