Personal Finance 

How to get money back from a friend

Ever have trouble getting money back from a friend?Ever loaned money to a friend? If so, then you’ve probably experienced some level of awkwardness, which usually kicks in when it comes to asking for your money back.

Last year, researchers at Carnegie Mellon University found that friends who borrow money remember the loan very differently than friends who lend the money. Sometimes, borrowers even remember the amount differently. Researchers call it “the blind spot.”

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 Personal Finance 

Don’t Worry About The Stock Market, Invest In Family

Fortune Cookie
“Don’t worry about the stock market. Invest in family.”

Last week, I joined my wife and one of her co-workers for lunch at a great Chinese restaurant beside our home. After our meal, we opened our fortune cookies and the above line was written on my wife’s fortune cookie fortune!

It was a pleasant reminder that, despite all the economic troubles and financial chaos, when you really get down to it, life is about the relationships you have with your friends and your family. The stock market fell 40-50% last year, companies are going bankrupt, and people are losing their jobs… but at the end of the day all the money in the world can’t buy you the love of your friends and family.

Money is important, of course, but I like to think of it as air. You need air to support you but you only need so much. You could hoard all the air you want but it won’t do you any good. Money is similar. After you acquire enough, having more is less about the money and more about fulfilling some other need, like pride or vanity or competition. The truly important things in life are supported by but cannot be defined by money.

So the next time you get your 401(k) summary, remember that it’s just money.

Don’t worry about the stock market, invest in family.

(Photo: tim_ellis)

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