What would you do? Should I lend my mom 10k? (Update pg 3)

[ballin all day]

I didnt give her the money today and I kind of feel guilty about it. I dont often ask for advice, but in this case I still dont know if I have made the rightchoice.

So heres the deal. My mom called me today asking me if I can lend her about 10k for a week or so, and that she would pay me back around 1k more when she givesme the money back.
So whats the catch, right?

The thing is I love my mom and all, but she is probably the worst person I know with handling money, and she often fails in situations like this. She works ina real estate agency and she needed the money for some transaction to pay up front for some client. She attested that the situation is legit, and that I wouldget the money back on time. With this money she could earn some nice commision, at least thats what she said. Sometimes though, I know she might be trying toplay me, so Im not sure if she was trying to do that this time. I still live at home, and I more than often give her money for some daily expenses and lend hermoney for bigger things often too, but I rarely get the loot back on time or sometimes at all.

Im graduating college in a couple of weeks, and I dont take money from her almost at all. I might take couple bucks when I go to the store, but thats probablyit. I dont have a job, but I got some side hustles plus the financial aid at school, so Im all set. Right now Im opening my own business and I really needmoney. I didnt have the 10k all ready, but I could get it in a couple of hours I guess, but I just told her I cant. I dont need all the money this week, but Iwas just concerned that I wouldnt get the money back on time and my business would be screwed almost before it even started. I just dont trust her with moneyat all, and I just think thats the case.

So what do you think would you do in this situation. Would you give her the money or not? She is still my mom right, I should be all behind her no matter what,but I still got my stuff to care about, so I dont know. What do you think?

Cliff notes, for those who dont want to go through all of this:
*my moms asked me for 10k for her job
*I dont trust her with money
*I have money for the business Im starting in about 2 weeks
*I could give her the loot, but I didnt
*I dont know if I was right

 

[akajae]

you're ballin....why not?

 

[recycledpaper]

the *+!# is wrong with you?

yes!

 

[militaryiv]

Ballin all day wrote:

---

What would you do? Should I lend my mom 10k?

10 Gs aint nothin to a baller

 

[jdcijordanz]

Originally Posted by akajaedeuce

you're ballin....why not?

 

[militaryiv]

Ballin all day wrote:

---

What would you do? Should I lend my mom 10k?

10 Gs aint nothin to a baller

 

[thejollygerman]

Seven: this rule is so underrated
Keep your family and business completely seperated

 

[zeen1ne]

Originally Posted by JimHalpert

no

 

[eghckk]

Give her the money stop being stingy. That's your mom!

 

[moonmaster3]

Is this normal? Is your mom an actual real estate agent or is she involved in some sort of pyramid scheme?

 

[tyeung53]

shes your mom dude. give her the money u got to help her out when shes in need she raised your punk ***

 

[ro ro 8]

is she from nigeria?

 

[elpablo21]

Does the 10k affect you opening up your own business?

Maybe you should look more into what your mom wants to invest this money in to make sure it's legit...or at least attempt to see if it is or not

In some cases you would say of course give it to her because that's your mom...but that all depends on the relationship you have with your mom. Also yousay you dont trust her exactly...is that because she has screwed you over before?

 

[dendanskesimon]

If your mom has burned you in the past its a straigh no!

but if your doubts are unfounded, which they dont seem to be, you should have maybe considered it

that being said, I choose to NEVER involve money in family matters cuz it can only hurt, it never helps

 

[ballin all day]

No, its perfectly normal. We live in Europe though, so that might be different. She is an agent for about 2 years now and she might be not that bad, as shemade some pretty nice transactions lately. Its really nice to see her getting her life together after all we have been trough (theres some more to the strory,but dont feel like explaining it all), but still I dont trust her with money. She needed that money to finish off some transaction, as it needed to be donetoday for one reason or another, and she decided to pay up front for someone else. Dont know much more about it, but I know that she is not really good atmaking decisions about money, so I decided against giving her the loot.

And, all fun aside please. I made that SN when playing hoops all day every day. That were the times though

 

[recycledpaper]

I still can't believe you didn't let you mom borrow a little bit of cash just because you want to open your %$+$%$* business.

She is your mom, family ALWAYS COMES FIRST.

 

[shoepimp702]

if you have plenty of money, you shouldnt stress the 10 g's now if you have $10,100 then you got an issue..

 

[nt og]

Originally Posted by RO RO 8

is she from nigeria?

lend it. it's ya moms

 

[rfx45]

You make your mom way too shady though.
Tell the whole story of what happened in the part that makes you hesitate lending her the money and you should find your answer there.

 

[ogbobbyjohnson773]

Originally Posted by RO RO 8

is she from nigeria?

 

[mac a roni]

Originally Posted by TheJollyGerman

Seven: this rule is so underrated
Keep your family and business completely seperated

[color= rgb(102, 51, 153)]
This is a different situation....his dukes (from waht i read) isn't tryna join his business....but put it this way, it's your dukes. Would she do itfor you? when will the dough come in? It's your $$$ man[/color]

 

[jordanking xi]

put it this way...

ur mom spent way more then 10k to raise u up and the family just in general. the best u can do is help your mom when she needs somthing. just think about itlike this if you werent born how much money could your parents save? i say just give it and dont even ask for the 1k just take the 10k back

 

[nicefro]

depends on how much you have.

 

[ballin all day]

Originally Posted by Elpablo21

Does the 10k affect you opening up your own business?

Maybe you should look more into what your mom wants to invest this money in to make sure it's legit...or at least attempt to see if it is or not

In some cases you would say of course give it to her because that's your mom...but that all depends on the relationship you have with your mom. Also you say you dont trust her exactly...is that because she has screwed you over before?

Yeah, it does. Without that money Im probably done and just couldnt start it properly even though I got it all planned out and everything. Mybusiness plan involves about 23k plus 2k for unexpected stuff, so thats like 40% of the loot I got. Plus exactly 10k I had to borrow myself, so I would begiving her all of that.

We have a very good realtionship, but my mom was through a lot of different stuff when I was around 15-20, so I basicly raised myself, as my parents divorcedwhen I was a kid. I got contact with my pops, but basicly I did stuff on my own since for the last 8-10 years, and Im 23 now. She might have burned meunintentionaly, but the fact is I had to do A LOT on my own, and sometimes I couldnt rely on stuff she was saying, as it actually never worked out for onereason or another. I know she would do everything to help me out, but sometimes life might me too much for her to handle. I want my business to work out, so Ican held her out with stuff too. But I resources to do that, feel me?

 

[jumpman247]

Enh if you don't expect it back then go for it.

Don't want to see you on judge judy.