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Author Topic: Give Him a loan Or Partner With Him  (Read 629 times)
DabsPoorVersion
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September 08, 2023, 10:01:30 PM
 #141

What would be the best option if a friend who happens to be good at horse racing lost his fortune coming from betting in horse racing because of illness and came to you and asked for a loan and honestly stated that he wants to use it betting in horse racing to recover his fortune.

But you have doubts because he is away betting horse racing for a long period of time and he might lose the money because you have to be updated on the conditions of the horses, jockeys, and the many handicaps, and his anxiety about recovering his fortune might fail he offers you two options loan him money or just partner with him.

What's your best course of action in this scenario?

A common friend confided this to me.
Honest advice. Do not give him any amount of money. First things first, if you give him money, you're not actually helping him. If you are truly his friend, you will help him in a better way without involving or having to use betting. Second, he used to be good at horse racing, it's all in the past. No one knows what will happen if he goes back to betting. Help him in another way, don't be the one to sponsor his desire to go back in gambling.


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Blowon
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September 08, 2023, 10:20:27 PM
 #142

it's better to ask. some people borrow money. especially if the money is for gambling how does he return it if he loses? it's your money. I'm sure even rich people need money. then you can't just lend it out. even after he lost his fortune how can we believe they will come back just because we lent him money?

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Westinhome
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September 08, 2023, 10:34:03 PM
 #143

If someone come to me for taking loan then I will surely give him loan but if his aim is to utilize this loan in the process of gambling then I will not utilize my money in such activities. It should be keep in mind that if a person is taking loan for the first time and he did not succeed in betting then taking laon for him will become an addiction.

It is necessary to overcome this habit so eventually this will turn into good habit. I don't understand that having lots of money why people loss all of them in gambling?
May be they are not thankful for the money they have and they want huge amount so in this greediness they loss each and everything and also they don't want to do any job that requires hard work therefore such people goes towards gambling which is not promised always.

If you are kind hearted person,mostly you may give the loan.As like your opinion many people don’t give money for drugs and gambling.Because both drugs and gambling won’t help their family for the food.So many people doesn’t give their money for gambling,if you are in medical emergency the helping hand will be more.The person who get addicted should not get loan for the gambling ,because the addict person can’t win in the match Because of their emotion involved in the betting,The emotion can be reduce by the continues practice for gambling addicts.
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September 08, 2023, 11:57:15 PM
 #144

If he is a very close friend and I trust him, I can give him a small amount of money to bet that is not important to me.This may not be a big loss for me, but if I have a good history with him in terms of friendship, I can say that it is a chance for me to reinforce it.I tell him that even if you lose, it is not important to him and I forget about it.I want to try my luck in such matters, but the important thing is how much money I can risk by giving it to my friend.

In both cases things can get difficult, firstly because a loan makes you commit to a deal where the friend who has to pay cannot be found, so that it can be considered as something faithful and that can be completed, be sure to do it. Transact with that friend so that both can benefit, a loan must be fully fulfilled at least with the payments, because there are people who are very sensitive about money, they are even capable of leaving a friendship of years for that reason, we as good friends , we must be careful when lending, because not only the financial part can be compromised, but everything related to reputation, friendship and good treatment can also be compromised, we can play with that option, so always It's good to have clear clues, where I live there is a very nice saying, "Clear clues, keep friendships" is a very wise saying that applies to any situation, especially when it comes to money.

Now when it comes to how to make associations with respect to any business, that is another thing that must be very careful, because if there is one of the two who is not a person who wants to invest, but rather make profits to spend them, it is not the right choice either. idea, we must see very well that when we get involved or associate with someone, our duties are also that we must preserve and try to increase our capital, that is basically what we must manage and do well, in a society we as beunas Perimeor people we must have things very clear, so as not to spend money, and secondly to fully comply with the business that is being carried out, it is very easy to spend the profits of any business, but it is very difficult to maintain a business, usually for Although a business with good money has to establish goals, and due to the demand for an ROI, it is almost always true that in the first 3 years you do not see any profits, until later.


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September 09, 2023, 11:21:29 AM
 #145

So we decided that all of his friends and relatives just give him money so he can start his own business and encourage him to just focus on his new store and not go back to gambling to recover his losses it would be bad for his health if he pressure himself to go back to gambling full time.
A common friend will accompany him in case he wants to bet on horse racing and monitor him so he will not bet excessively to the point of using money coming from his little business, with this I'm locking this thread 

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