My dad took $175,000 from me over the course of three years to keep his business afloat. Originally, it was supposed to be a bridge loan of $50,000 because one of his vendors owed him, but that ended up not being true. He’s genuinely a nice guy, and I don’t think he’s a liar, but I obviously figured out he has no idea what the fuck he’s doing. I’ve been very patient with him for the last three years, but I blew up on him and demanded that he shut down the business since he’s hemorrhaging money. We haven’t spoken since summer, and I think about it almost every day, but I don’t want to talk to him anymore because he went from being my dad to a shitty business partner I have zero control over. What would you do if you were me?
>>61474579>He gave over 10,000 without a contract for to back it upNot going to make it
>>61474579Never mix family and money, youre never getting that money back
>>61474579sucks when family is involved. I have to keep my sister afloat with my trading profits. It's not bleeding me dry but obviously keeping me from doing better. I do feel obligated though, she was literally the only one that didnt call me a fool when I started.
>>61474655Giving a few thousand here and there to keep her afloat is noble. In my scenario my dad’s property is essentially paid off and I’ve been turned into his piggy bank. As a kid I’ve seen the lengths my dad would go for me and my brother and out of reciprocity I wanted to be there for him. Now my kindness and generosity has turned to apathy.
>>61474637>Never mix family and moneyOP just had to follow this one rule.>youre never getting that money backNot only that but he lost his dad. Not that his dad isn't to blame, obviously he's a tard.>>61474579>What would you do if you were me?Look OP, we all have blindspots for our parents. I had a huge one with my dad who is far worse a guy than yours. It took me until my 40s until I finally saw him for who he is (and it's not good). If you're dad at his core is a good person who is just bad with money maybe you forgive him and consider the loss you paying him back for all the investment he put in to you when you were young. Or cut him off, you aren't obligated to stay in touch with someone who uses you as their personal piggybank.
never give anyone money with the expectation to be paid back, simple
>>61474698We used to talk almost everyday and now he’s essentially cut off. I’ll eventually forgive him because I know it wasn’t malicious. I’m just stuck in a stand still until he sells the business and hopefully pays me back but nobody wants to buy it and he’s hemorrhaging cash. >>61474708It’s a good mentality but not practical. I’ve helped a couple of family members before and have gotten paid back. It’s not outlandish to consider people close to you are in a pinch and that their word is true.
>>61474579Keep calling him and saying, "so do you have the money ey you owe your own son yet? Do you have a job yet? Too good for factory work?".At least once a week but up to 3.
>>61474655>brother starts talking about investing>whole family chimes in>I'm just scrolling insta and don't care>brother gives me money for no reason>he built up some narrative that I'm some holy vestival virgin in his brain>getting paid for nothing>keep scrolling insta Based retard.
>>61475108Lol. The problem is he works like a dog, 7 days a week and is pushing 60. He’s ran the business for 20+ years and is nose diving HARD. He refuses to give up. Hard work & he’s losing 100k a year. I tried to explain this to him.
>>61475135What kind of business is it?Any way, I used to give my sister money. "I'll pay you back."Eventually she stopped paying back and she was asking for money weekly instead of twice a year. Cut her off, now I ignore all messages.
>way she goesI use this phrase often.>it’s simple predestination, Calvinism, Bubs you know that>way of the road
>what would you do if you were me?Debtmaxx into God's money (physical platinum) and flee to Uruguay or Panama
>>61474579He's probably full of shit frankly. As we all are. I have a similar situation and I wmhad to reflect on some problems I brought. I was hand in hand with the business. As a small win, I have everyone's support but him. He's lost it in alot of ways. Kept alive by Frankenstein medicine in my opinion. He's mortal. Probably just overloaded with greed, ego, and fear. The economy has been and is ass as well. Probably just get over it. Don't do family and business ever again.My dad was super egotistical about XRP too. Truly consumed by greed. It's still a good amount of money but he's be being moodier and moodier lately.
He can't pay you back, and he is doing his best to fix that. So do you want to cut him off or let him continue to feel like his efforts have meaning?You're not getting the money back, but do you want to also lose your father?
>>61474579You expect me to believe you had no warning your dad was a retard before this?You gave away 175k without a business plan?
>>61474579Anon make amends with your dad but cut all business ties. It's clear you can't work together but he's still your father.
>>61475076>I’ll eventually forgivesome people never learn
>>61478721retardation runs in the family it seems.
>>61474579Dont create a business partner out of someone who don't know shit about law, business logistics and accounting. You can create an employee out of those people, but not business partners.
