Loaning friends money
I've had a couple of bad experiences but I still am not good at saying "no." We usually hang out as a group of friends and since I'm the only one that do well in poker, I'm usually the loaner. The reason it is hard for me to say no is because I see these guys on a daily basis and it would be awkard if they cry for help and I say "no," especially when credit cards are charging at 20%. However, I am not liking myself because that money could be used somewhere else and these guys aren't very good with money management. Another thing is I know for sure they won't run away from me but it could take a while to get it back.
Do any of you loan moneys to your friends [probably apply more to the college group]? If you don't, how do you say no? I usually give the advice "just say no" to others but am very bad at applying it for myself in this particular situation.
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