- When you lend money to a friend think of it as a gift.
i dont understand how everyone agrees with this...
he is a friend, you do him a favor lending him money, the fact that he is a friend is by no means a reason he shouldnt pay you back, or that you should see it as a gift....
you lend him money as a friend, he pays you back as a friend, no more no less....
you shouldnt be asking to get your money back, you should agree on a date or timespan wherin he will be giving you the money, this can be a couple of days, months, even a couple of years, its up to you both to decide.
but saying that he is a friend and you lend him money so you should think of it as a gift, is total nonsense... (imo)
- Never ask to be paid back. Your friend will give you the money as soon as he can.
when you are the one lending the money, give him a date where before that date he has to pay you back, if the money isnt an issue, then by all means just say that he pays you back whenever he wants or when he has the money, no problem.
but never ask to get paid back... if you lend someone money, expecting to get paid a couple of months later, and now you have been waiting 5years on your money, goddamnit im asking my money back !!!
It is easy to make more money. It is very hard to find a good friend.
if your friend thinks that your loaned money is a gift, then he isnt a friend.
if your friend doesnt think he has to pay you back as soon as possible, he isnt a friend
i do agree with the rest