Comments on: On Debt and Friendship http://fitzvillafuerte.com/on-debt-and-friendship.html Business, Investments and Personal Finance Fri, 30 Jul 2010 05:06:49 +0000 hourly 1 http://wordpress.org/?v=3.0 By: gladita http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-11424 gladita Mon, 16 Feb 2009 11:29:38 +0000 http://fitzvillafuerte.com/?p=1237#comment-11424 I'm in the same situation and I did the same thing. You can easily find money but a friend's trust is hard to recover once you broke it. I’m in the same situation and I did the same thing. You can easily find money but a friend’s trust is hard to recover once you broke it.

]]> By: Jen http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10938 Jen Wed, 11 Feb 2009 09:23:56 +0000 http://fitzvillafuerte.com/?p=1237#comment-10938 Hi. If I was in the same situation, I would do the same thing. I have loaned a couple of friends some money about 2 years ago when I was still in college. By the way, I was living alone on what my parents are sending me monthly since I originally live in Palawan. So that means that what I loaned them was my allowance. There were instances when I couldn't pay my bills since they haven't returned what they owe me. I don't know if I should ask them to pay me or should I just forget that I lent them money. Up until now, they still haven't paid me yet. T_T Hi. If I was in the same situation, I would do the same thing. I have loaned a couple of friends some money about 2 years ago when I was still in college. By the way, I was living alone on what my parents are sending me monthly since I originally live in Palawan. So that means that what I loaned them was my allowance. There were instances when I couldn’t pay my bills since they haven’t returned what they owe me. I don’t know if I should ask them to pay me or should I just forget that I lent them money. Up until now, they still haven’t paid me yet. T_T

]]> By: Fitz http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10720 Fitz Sun, 08 Feb 2009 19:54:57 +0000 http://fitzvillafuerte.com/?p=1237#comment-10720 Thanks everyone for the comments. :D @Rico Yes, when it comes to money and friends... transparency and honesty is a necessity. @Cecile Saving money starts with the right mindset. Try thinking positive first. Then, examine your lifestyle. Cut back on unnecessary expenses. Last, and most importantly, find an income source. Read about the income opportunities I've written here, maybe some of them could give you an idea. Good luck! @eMz Your comment made me laugh. :) Well, there's nothing wrong with having this mentality. As long as you have a good understanding of your financial situation, you're fine. It's being ignorant with our finances which makes us poor. In my friend's case, he knew that he'd be paying interests because of his decision. @Tyrone That's a very, very good point! Thanks everyone for the comments. :D

@Rico
Yes, when it comes to money and friends… transparency and honesty is a necessity.

@Cecile
Saving money starts with the right mindset. Try thinking positive first. Then, examine your lifestyle. Cut back on unnecessary expenses. Last, and most importantly, find an income source. Read about the income opportunities I’ve written here, maybe some of them could give you an idea. Good luck!

@eMz
Your comment made me laugh. :) Well, there’s nothing wrong with having this mentality. As long as you have a good understanding of your financial situation, you’re fine. It’s being ignorant with our finances which makes us poor. In my friend’s case, he knew that he’d be paying interests because of his decision.

@Tyrone
That’s a very, very good point!

]]> By: Rina http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10664 Rina Sun, 08 Feb 2009 03:49:03 +0000 http://fitzvillafuerte.com/?p=1237#comment-10664 This is very interesting ... This is very interesting …

]]> By: Jehzeel Laurente http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10631 Jehzeel Laurente Sat, 07 Feb 2009 20:37:39 +0000 http://fitzvillafuerte.com/?p=1237#comment-10631 If you were in his situation, would you have done the same thing? - of course :D If you were in his situation, would you have done the same thing?

- of course :D

]]> By: Millionaire Acts http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10602 Millionaire Acts Sat, 07 Feb 2009 10:37:43 +0000 http://fitzvillafuerte.com/?p=1237#comment-10602 Yes, money can easily be earned but friendship is hard to earn. When you lose money you can easily earn it by working but a lost friendship is hard to bring back. Yes, money can easily be earned but friendship is hard to earn. When you lose money you can easily earn it by working but a lost friendship is hard to bring back.

]]> By: jessie http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10596 jessie Sat, 07 Feb 2009 07:46:28 +0000 http://fitzvillafuerte.com/?p=1237#comment-10596 Fitz, Based on your post I can say that you're a good friend. These days, even friends will hesitate to lend his friends money. At any rate, I've learned something good today. :-) Fitz,

Based on your post I can say that you’re a good friend. These days, even friends will hesitate to lend his friends money. At any rate, I’ve learned something good today. :-)

]]> By: eMz http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10524 eMz Fri, 06 Feb 2009 11:25:48 +0000 http://fitzvillafuerte.com/?p=1237#comment-10524 i would've probably done the same thing -- maybe it's this kind of mentality that's made me poor! hahaha i would’ve probably done the same thing — maybe it’s this kind of mentality that’s made me poor! hahaha

]]> By: Cecile Yap http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10479 Cecile Yap Fri, 06 Feb 2009 00:20:51 +0000 http://fitzvillafuerte.com/?p=1237#comment-10479 Hi Fitz, I've been reading your site, I learn a lot and it is so very inspiring. But I have a question I hope you can answer and give ideas what to do? My question is, WHAT WOULD YOU DO IF YOU DON'T HAVE MONEY TO SAVE? because you don't have an income? I've been through a lot of up's and down but today is really DOWN.. . Hope you can help. Thank you! Cecile Yap Hi Fitz, I’ve been reading your site, I learn a lot and it is so very inspiring. But I have a question I hope you can answer and give ideas what to do?
My question is, WHAT WOULD YOU DO IF YOU DON’T HAVE MONEY TO SAVE? because you don’t have an income? I’ve been through a lot of up’s and down but today is really DOWN.. . Hope you can help. Thank you! Cecile Yap

]]> By: Rico http://fitzvillafuerte.com/on-debt-and-friendship.html#comment-10478 Rico Thu, 05 Feb 2009 23:54:51 +0000 http://fitzvillafuerte.com/?p=1237#comment-10478 I think I'll talk to the friend I owed money first. I'll lay all my cards and give him my financial situation. If he says he needs the money too, then I'll pay him first. If not, I'll first settle the credit card loan, then him. The key to borrowing, especially from a friend, is transparency. If you think you can't pay in time, just tell him right out. That way, he's not left wondering whether you forgot or choose to forget the loan. I think I’ll talk to the friend I owed money first. I’ll lay all my cards and give him my financial situation. If he says he needs the money too, then I’ll pay him first. If not, I’ll first settle the credit card loan, then him. The key to borrowing, especially from a friend, is transparency. If you think you can’t pay in time, just tell him right out. That way, he’s not left wondering whether you forgot or choose to forget the loan.

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