Styleforum › Forums › General › General Chat › ITT: We're losers and ask family for money
New Posts  All Forums:Forum Nav:

ITT: We're losers and ask family for money

post #1 of 23
3/23/10 at 6:52pm
Thread Starter 
Anyone have to suck up their man hood and ask family members for a loan? How often, how much, how old were you and what was the reaction?


I need a few thousand and will have to ask mom for a loan. Ive done this twice before and she was happy to help, no questions asked, but its always humiliating having a full time job @ 27 and asking for money. I feel like a failure, even though I always pay back within 2-3 months.

Your experiences...
Reply
Reply
post #2 of 23
3/23/10 at 6:53pm
I don't understand. Did the PM at the family office screw up so badly that your regular investment income distributions don't cover your expenses? And he's not fired yet? But yes, I did have to ask for a small loan right after university, before I found a job, because I had to buy a car with what little remaining cash I had on hand.
Reply
Reply
post #3 of 23
3/23/10 at 7:27pm
When I was 17, I purchased the family (my mother, my little sister, me) a car from my summer earnings, as the one we had when my dad died had crapped out and my mother was too lazy and useless to do more than smoke and cash my father's miniscule pension cheques.

So no.

I wouldn't believe it either but it's true.
Reply
Reply
post #4 of 23
3/23/10 at 7:48pm
yes, a few years ago I immigrated to the states, and basically blew my life savings on that. the job I came with didn't work out well, and I didn't make as much money as expected, and spent more than I thought I would living. then, I took a risk and quit that job to join a start up that didn't pay me, and then when bankrupt. so, at the age of 38, after being independent since I was a teenager, and having been able to give and loan both my parents and my siblings money at different points in my life, I had to ask my brother for a loan, and my father gave me a little loan without my asking. it was not the high point of my life, but I paid off all the money as soon as I could. sometimes you have to do what you have to do.
Reply
Reply
post #5 of 23
3/23/10 at 9:04pm
Quote:
Originally Posted by globetrotter View Post
sometimes you have to do what you have to do.

Truth.
Reply
Reply
post #6 of 23
3/23/10 at 9:46pm
Quote:
Originally Posted by globetrotter View Post
yes, a few years ago I immigrated to the states, and basically blew my life savings on that. the job I came with didn't work out well, and I didn't make as much money as expected, and spent more than I thought I would living. then, I took a risk and quit that job to join a start up that didn't pay me, and then when bankrupt. so, at the age of 38, after being independent since I was a teenager, and having been able to give and loan both my parents and my siblings money at different points in my life, I had to ask my brother for a loan, and my father gave me a little loan without my asking. it was not the high point of my life, but I paid off all the money as soon as I could. sometimes you have to do what you have to do.

And we're glad you're here, GT!
Reply
Reply
post #7 of 23
3/23/10 at 11:00pm
Um. Guys. There's something I'd like to talk to you about...
Reply
Reply
post #8 of 23
3/24/10 at 11:55am
In the culture I'm from (Chinese) it's perfectly normal and even encouraged for well off family members to help out the less fortunate. We don't let our children tread water during a storm, we throw them a lifeline. But we also raise them to value the clan first. I've always thought of the preoccupation of who pays who in the family an American thing. After all, the strongest clans were always those who supported and strengthened their own before anything else. What else are old money families but people who thought of their children's interests first?
Reply
Reply
post #9 of 23
3/24/10 at 12:09pm
No, but mine paid for my college so that more than counts IMO.
Reply
Reply
post #10 of 23
3/24/10 at 8:31pm
i've got a kid your age who is very responsible but very occasionally needs a small loan, which she always pays back. the fact that she so obviously hates to ask for it, makes it much easier to give. parents don't mind helping out, but they do tend to mind when it's expected.
Reply
Reply
post #11 of 23
3/24/10 at 9:05pm
I really don't want to ever do this but the fact is that I have more student loan debt than I had originally planned for. That, compounded with the fact that my starting salary is likely to be quite low, means I may need to borrow some cash from family members. But I'm going to make a serious effort to avoid that.
Reply
Reply
post #12 of 23
3/24/10 at 9:09pm
Quote:
Originally Posted by Connemara View Post
I really don't want to ever do this but the fact is that I have more student loan debt than I had originally planned for. That, compounded with the fact that my starting salary is likely to be quite low, means I may need to borrow some cash from family members. But I'm going to make a serious effort to avoid that.

I do believe this is referred to as, "A target rich environment."
Reply
Reply
post #13 of 23
3/24/10 at 9:11pm
Quote:
Originally Posted by Piobaire View Post
I do believe this is referred to as, "A target rich environment."
It comes with the territory. I will probably ask for some loans in order to get a few bespoke suits, shirts, maybe some shoes.
Reply
Reply
post #14 of 23
3/24/10 at 9:26pm
Quote:
Originally Posted by Connemara View Post
It comes with the territory.

I will probably ask for some loans in order to get a few bespoke suits, shirts, maybe some shoes.

From your family, or strangers on the NetWebs?
Reply
Reply
post #15 of 23
3/25/10 at 2:49am
For the most part mothers would murder anything that causes harm to one of their off springs. Asking for money from your mother is too easy. Fathers on the other hand is just fucking embarrassing.

If you must ask for money ask your mom. Stay away from other relatives because it could ruin relationships.
Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General Chat
Styleforum › Forums › General › General Chat › ITT: We're losers and ask family for money