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Dibs On The Bass Player Shirt, hoodie, tank top
DEAR HARRIETTE: My boyfriend keeps loaning people money and not getting it back. I don’t understand why he keeps doing it, knowing that the outcome usually isn’t the best. He’s a very thoughtful person and tries to be as helpful as he can, but I feel like I’m watching him get walked all over. I don’t want to tell him what he can and cannot do with his money, but I feel like it’s just common sense at this point. What can I say to him to convince him to stop basically giving his money away? — Say No
DEAR SAY NO: Instead of telling your boyfriend what to do, encourage him to think of other ways to invest his money. Suggest that the two of you start researching ways to build wealth and help others. Since your boyfriend is naturally generous, mention some organizations that help people or other causes that he cares about. He may want to consider donating a certain amount of money each year to a charity that matches his interests.
Also, research financial advisers and suggest he get a consultation with one to talk about his money and the future. Start creating wealth-building strategies now that will pay off later on. By tying up key dollars today, your boyfriend will have less liquid money to bail people out, and he will probably begin to be more confident in his ability to support causes that he deems worthy, particularly those with a potentially robust return on investment.
(Harriette Cole is a lifestylist and founder of DREAMLEAPERS, an initiative to help people access and activate their dreams. You can send questions to [email protected] or c/o Andrews McMeel Syndication, 1130 Walnut St., Kansas City, MO 64106.)