My Dad Is Asking For $55,000 To Pay Off His Debt!

[@sheila3205]

She will NEVER be repaid.

[@eddieBoxer]

You're right, they'll never repay you, if you loan them the money you lost it.

[@Benbones99]

Why can’t she gift it to him? It’s going towards loans, it’s not a lot to her, and it’s her dad…

[@alliesmom2946]

@@Benbones99I think the fact that they’re not pursuing other means is an issue. Also, this isn’t a life and limb situation. Giving anyone $55,000 to pay off credit cards they’ve racked up is an unbelievable request.

[@robertb8629]

​@@Benbones99 Who says it's not a lot to her? She's got 30 years of retirement she still has to cover on a fixed income

[@toomignon]

@@Benbones99because he's going straight out and getting in debt again. Mom has access to family money but won't pursue it.

[@richsanossian8675]

The mere fact that he’s asking is because he knows what you have. One reason why I tell nobody what I have

[@gwildordipkin6504]

drop in the bucket though, why not? I figure.

[@desimo147]

I don't tell people anything about my financial situation and yet they seem to have some innate radar that tells them. Once someone knows you personally, it doesn't take a lot of figuring out for them to see that you are a saver and not a spender.

[@imveryhungry112]

hahah always act poor

[@ssgpizzalover515]

@@desimo147 act super broke

[@jimjeff4350]

Ya that the reason but I am fine with it because I can easily tell people know

[@robertperry814]

It won't stop at $55k. If they say 'yes'there will be more asks.

[@frankbatista.official]

That's why I don't lend money to family. I'd rather give advice on the options they have to change their financial situations

[@drillingig2368]

@@frankbatista.official exactly that. If they had the initiative to get their finances in check, they would have money.

[@franmosconi4680]

And he may very well die before paying it back!

[@sandramiller6285]

Then she can say no later- HE IS 80 YEARS OLD.

[@Matt-cr4vv]

It won’t be the last ask nor is it the first ask. He’s taken advantage of them for an extended time period becsuse there s target for him. He will pay off the debt with her money, free up his credit capacity that will get run up again and then come crawling back for more. And he will gaslight her in every way he can. Sad to see parents do this to their chidiren.

[@KENTUCKYUSA1]

If her dad can pay the daughter's loan back with interest, then the dad can pay his own debts. He has no intention of ever paying it back.

[@ButtmanAtHeart]

thats what i was thinking lol

[@Heavens-Humanaterian-Army]

Correct

[@oddlysane5910]

Yep, that was just empty sales talk.

[@LOLA-kr7vn]

Exactly! He's probably thinking I'll be dead by then

[@lovethemflowers]

Yup, very risky to trust Dad to honor that agreement to pay the loan back. If she lent him that money, I’m afraid she’d be calling Dave later, saying how her dad is not keeping to the agreement.

[@alanfranklin318]

“No” is a complete sentence. Thanks Dave. 👊🏽❤️

[@juniordavis168]

Exactly 💯

[@otgenius]

That spoke to me...Grandpa Dave speaking truth...So thankful for him....

[@Ka_Gg]

That's one of my favorite words. It holds so much power and it really throws people off when you just use that word without an explanation. "No" "No Thanks". Ppl don't know how to react to that simple of an answer

[@jimroscovius]

My parents are 94 and 91, living on their own, haven't had debt for years, and don't ask for a thing but for us to visit occasionally.

[@tugboat2030]

My parents are in their 70s and they always give us a little bit of money to visit. That's one of the values in our family, that money flows down the generations, not up.

[@wewhoareabouttodiesaluteyo9303]

But do you give them anything Jim? Maybe you need to stop being so selfish.

[@hikerhobby1204]

@@wewhoareabouttodiesaluteyo9303 Perhaps they don’t need money. Why would you call someone selfish when you don’t know the circumstances? Weird.

[@sobeliever1638]

Not her parents

[@wewhoareabouttodiesaluteyo9303]

@@hikerhobby1204 I highly doubt that. At those ages, they are going to need a handout or at least inquire. W (why)TF does he put that on here knowing he will get replies like mine? Kind of seems like you should be directing your post to the OP not me.

[@rleonekc07]

i dont think Dave caught the fact that she said she'd have to pull from a retirement account. DO NOT DO THIS

[@wb624]

He got that, he kept saying you have your money tied up in investments.

[@101perspective]

With that much money it's probably in stocks and stuff like that. They have so much money she couldn't even give a good ballpark estimate. And she is unwilling to part with just $55k to help her parents? Disgusting.

[@jomammajoe8570]

@@101perspectiveyou don’t know the whole situation lmao. and even then its the callers money no matter how you slice it. they decide what happens to the money so if they dont want to lend it, then no dice.

[@101perspective]

@@jomammajoe8570 When the best defense you can think of is that she isn't required to help... well, that kind of makes my point. As for knowing all the details, yeah, I can agree with you on that. I'm just giving my opinion based on the details provided.

[@Emjay_blackdogranch]

@@101perspectiveit’s disgusting that a parent is such a leech and loser that he asks his daughter to take away from her retirement. She also mentioned her dad is a “total salesman”. He is a mooch and will bleed her dry. He got into debt, he should get out of debt. By himself

[@weeyorkies]

I don't understand, they say they will pay her back, then just pay your debt back instead. They have no intention of paying her back.

[@RayF6126]

They want her to not get any interest compared to the current owners of the debts.

[@MsSimpleMovies]

The fact that he's not pushing his wife to go get the money from her family means they don't want to offend them, and they don't mind offending and pressuring this lady. They're BULLIES.

[@user-ii3vn8tn3q]

Or it's not the first time.

[@freedomworks3976]

80 years old and STILL in debt .... Ive come to the conclusion that for some people debt is like drugs

[@georgewagner7787]

Let it come out of the estate

[@MMSmore]

Yeah, I doubt it's an old debt. Mom probably spends like crazy. I wish there had been some info of the long term relation like was a good dad and now just hears millions and it got to his head?

[@cathyrowe594]

80 year olds can get in medical debt real quickly. Just 1 little heart attack & Stent surgery is all it takes!

[@rillawhat8142]

💯👍🏾

[@anndeecosita3586]

@@MMSmoreThe stepmom is apparently loaning money to people who aren’t repaying her. That happened with my grandmother because of my uncles constantly asking her to bail them out of financial binds.

[@marysneed7654]

If this guy hasn't learned how to manage money at 80, he will never learn. If I were his daughter, I would feel zero guilt!!!

[@drfunkinstein1]

He just wants his credit cards payed off so he can run them back up to $55k again.

[@craigduffield3963]

Her dad should be ashamed of himself for even asking.

[@blackworldtraveler3711]

Well many here said and agreed with over 100 thumbs a couple of years ago that they “sacrificed” having kids and expect to be taken care of.

[@COINsimp2024]

@@blackworldtraveler3711 Hey don't expect to be left the house in the will, right?

[@blackworldtraveler3711]

@@COINsimp2024 I wouldn't. Not my thing. Have my own homes. Met too many boomers that were looking forward to their parents dying because of things like this.

[@nnyv0040]

or even expecting!

[@Immigrantlovesamerica]

Asking is perfectly fine.

[@YvonneF1962]

It’s not $55000 because once they know that they have access to free money they will keep coming back for more

[@mocheen4837]

My dad who left when I was four and took all of our money asked me to help him buy a house. I told him no. He took all of the money that my grandparents left to me and never paid a dime in child support. He foolishly spent all of his money on motorcycles and alcohol. I do not owe him anything.

[@sandramiller6285]

That's different than this very wealthy woman not helping her dad.

[@maryk446]

It sounds to me as if he's lucky that you even speak to him. But you made the right decision to turn down his request for a loan.

[@patriciaalbertson5183]

That's criminal

[@rillawhat8142]

Exactly 💯👍🏾

[@patriciaalbertson5183]

That's terrible, I'm sorry...

[@diceportz7107]

Dave is correct, she is an easy mark. She needs to stand up to her Dad.

[@georgewagner7787]

Correct. Just say, I can't. My sister has money but I don't ask her for anything. It's hers.

[@XFizzlepop-Berrytwist]

She said they had a way out, but they refused to follow through with it.

[@coffeefish]

She's probably not giving the whole story.

[@jilliansherrard2152]

Could her father sign something over to her like the car or a home until he pays her back....like collateral???

[@kimberlymartin459]

​@@coffeefishtrue. Her dad probably helped her and hubby out from time to time.

[@dandelion1598]

I paid a relative's 48,000. Debts. Paid each debt separatly to not give them the cash. In exchange for their paid off house title. 11 months later they are maxed out out on all credit cards. Some people never learn. I don't loan money without collateral, anybody.

[@scotthix2926]

A debtor is slave to the lender. Bought a house for 48K.

[@_Y.Not_]

So you swindled your relative out of their house? Unless the house is $48,000 or less you took advantage of someone in a bad situation with full knowledge that they had a spending problem, regardless of how they got there.

[@jenniturtleburger3708]

You took their home? You didn’t make a contract for 48k in equity in their home, instead you got their home for 48k? No winder they are still broke. That was a shitty move dude. You basically swindled them.

[@mizzoufarmgirl6348]

I may be the only one who thinks you did the right thing. By taking their deed you have prevented them from losing their home. Now if you give them the boot, that would be unkind.

[@SeattlePioneer]

He paid $48,000 IN CASH. In return all he apparently has is a piece of paper. I would SUPPOSE that they pay no rent. They should be paying the taxes and insurance on the house. If he hasn't recorded the transfer of title, they may well apply for and get a home equity loan. At a minimum, he SHOULD transfer the title and collect enough rent to pay for insurance and taxes. If he doesn't do those things, the bank that made the home equity loan will probably get the house, or the house will burn down or go for unpaid taxes. They will wind up with $0.00 as a return for the $48,000 cash they paid out. The relative is incompetent to manage his own finances.

[@amielawson8344]

The best response is no. It’s a complete response.

[@tweedle634]

My family tried this same stuff the second I became successful. Amazing how fast the vultures come and suddenly think they are entitled to YOUR money.

[@kentjensen4939]

You mean leaches and lampreys. Oh, don't forget vampires.

[@slinkiegirl2001]

for me if my family supported me and helped me got my biz off the ground i would have no qualms in giving back but if they did not then it is the finger

[@sandramiller6285]

It's sad that you think your Dad is a vulture.

[@infamyinfamy]

It's amazing how fast people you love and think you could trust with your life, will turn on you, once you have some money and they don't.

[@larrylafferty3836]

@@slinkiegirl2001 we need more information

[@rashadthewealthcoach]

This father is wrong for putting his daughter in this position. The answer is NO!!

[@marcusmoonstein242]

Years ago I was given some good advice about "lending" money to friends and family : never lend them money, rather give it to them. Think about how much you can give with a peaceful heart, give them that amount only, and then tell them it's a gift they don't have to pay back. This technique has saved me a lot of stress over the years.

[@lovethemflowers]

@MarcusMoonstein - That could backfire. Some people might be more likely to ask for money frequently, knowing you can afford to give it, and that they don’t have to give it back.

[@marcusmoonstein242]

@@lovethemflowers Yes, that is a real risk. That's why I only give what I can give with a good heart. It's often less than the person asked for, and every time they ask again I find the amount goes down. Unfortunately some people are quite happy to sponge off others indefinitely, and at some point you have to refuse to give any more.

[@kathleenoverton3263]

Years ago, I, as a suddenly single mom of two young children, was in a position where I had to ask my stepdad for a loan. It was a specific amount. It was only $3000 but 27 years ago that seemed like a lot. He said “I want you to know this is a gift. If you feel moved to pay it back that is up to you. If you can’t your mother and I fully understand.” That gave me such a feeling of relief. I did pay him back fully but knew I could do it as fast or as slow as I needed. Over the next few years I had to borrow money on two other occasions. I paid those loans back as well. And when I needed a new car he co signed for me. I thank God I had him in my corner all these years. I know my kids were foremost in his mind and I am forever grateful.

[@makeitpay8241]

same with me, give what you can & figure it's "into the wind" after that

[@misslolab1212]

Judge Judy said this same thing on her court show years ago. I always remembered it, such sound advice. The only difference is she said she only gives a person money once. And she makes it clear beforehand that they can never ask again.

[@mr5timewcwchamp]

I take for granted that my my parents are stable sometimes. My family is as “plain jane” and boring as it gets. But we love it! No drama

[@maryk446]

You're lucky. I'd have given anything for a boring but stable family.

[@garbageman1917]

Dad; Hey sweetie can you pay off your mother in laws debt so she can run up more? Daughter; No!!!

[@dlogs9778]

I think it's her step mother

[@garbageman1917]

@@dlogs9778 Lol Good catch Thanks

[@BigJohnM]

💯

[@anndeecosita3586]

The stepmom is owed money so I think her problem is loans to people who flake out on her.

[@SoulReaperReisha]

My parents tried to get me to pay off their debt when I was 18. They spent recklessly on credit cards and didn’t even try to save money. They racked up the debt when I was young and I had no idea. When I said no they said they would kill themselves if I didn’t. Some parents are just awful

[@AnnaRamstrom]

Oh lord...

[@budgiebirdy]

Emotional blackmail. They're emotionally abusive. Hopefully you've severed ties. Nobody needs that in their life.

[@JaNouWatIkVind]

I’m so sorry for you! That’s not what parents should do and it’s not what a child deserves. You deserve better.

[@-myal-8691]

People don't borrow money from relatives to pay off their debt. They take the money just to buy more things when their credit is maxed out.

[@nicholasmartinez6043]

“A travel agent for guilt trips!” I’m gonna use that line

[@haleytruslow7200]

My mom asked me for $600 a few years ago. It felt weird, but I gave it to her. A few months later she asked for $2500. It just feels wrong. She made plenty of money, she was just horrible at managing it. She and I are estranged now for other reasons but parents asking their kids for money is definitely indicative of a broken relationship.

[@MrCamel-mb3nd]

so when parents asking their kids for money - bad when kids asking their parents for money - good (from your point of view)

[@haleytruslow7200]

Where in my comment did I say that kids should ask their parents for money? 🧐

[@augustalexander2647]

​@@MrCamel-mb3ndshe never said that... and parents asking their kids for money is way worse imo.

[@tobymofield6597]

@@MrCamel-mb3nd Nobody asking anybody for money (Better)

[@dynamicwellness33]

If the kid is under 18 technical the parent is fully financially responsible, so yes. Kids are never responsible for the adults, specially if giving them, the money does not fix the underlying cause of why that debt occurred in the first place.

[@brianmason9361]

My mom, sister, and brother are all millionaires. I am too. We all made it ourselves. My brother tends to brag about his net worth to me. When he does, I always immediately ask him for some. He always says no way. (I wouldn't take it anyway.) Recently he found out I was a millionaire too. He offered me and my company (I own my company) a large contract job. He had no idea about my finances. It's best to keep your good financial position to yourself when it comes to family.

[@Monipenny1000]

Same with my husband's brother. Seems my husband has been bragging to his brother the past couple of years because his brother on occassion will make comments to me like he wants me to open up about our finances (I handle our finances, my husband has to find out from me how much we have). Anyway, his brother talks like we are wealthier than he and his wife are and they are wealthy.

[@boxer6796]

Absolutely Correct! Your own family can't even be trusted!

[@smujer1]

Yup...if I won the lottery, I wouldn't tell my family until I got a lawyer and a tax guy. Then maybe I would.

[@garybulwinkle82]

If you do business with family, do it just like any other person/business with written contracts drawn up by lawyers! And don't hesitate to go after them for non-payment!

[@brianmason9361]

@@garybulwinkle82 Agreed! I might not go after them so hard for nonpayment, but I also won't work for them again.

[@AtlantaHospiceRN]

“NO IS A COMPLETE SENTENCE.” -Dave Ramsey

[@susannovak8263]

Yeah, he said that, but it’s not original.

[@chipm2544]

I was asked for money years ago by family member. Too many red flags. I offered her help with making a budget, talk with her & her husband, review life & career decisions, etc. Never heard back after that discussion. I was using the principle give a man a fish & you fed him a meal, teach a man how to fish & you feed him forever. I believe many of those loans are asked because they know they won’t pay it back & no legal repercussion; no accountability like taking a loan from a bank. That same family member got money from my brother, he never got it back, never heard from her again. Shame!

[@manyworldsvideo]

Same same. Best strategy. If they won’t consider a long term solution, they don’t get a long term loan 😊

[@privateinfo1711]

If the father was starving, then help. His problems are his own doings. The father is entitled.

[@LP-hs6yz]

If the father is starving, refer him to welfare resources.

[@murphyville]

Don’t put your bad decisions on your child!

[@bernadinetinker3028]

She will become the gift that keeps on giving.

[@AimeePoppinBabies]

Im so glad Dave made a point about the father. My parents asked me (and I listened) to give my sister thousands. I finally got my head on straight and I don't talk to any of them anymore. My husband and I now have over a million net worth and it wont be long for our house to be paid off fully. We are focusing on ourselves away from toxic family & its been the best decision of our lives. We are only in our early 30s too - this lady needs to suddenly go "quiet".

[@666dynomax]

so money ruined the relationship... sad.

[@ceciliapetrowsky2572]

Yes it is sad when there are too many takers in a family and not enough givers.

[@frankbatista.official]

Exactly, most things you have to keep to yourself

[@thehoverfit8094]

Family or Friends we are all human and toxic people have to be out of your circle.

[@fuse911]

@@thehoverfit8094 man the people i have interacted with arent humans. Humans have a soul, ive met some soulless animals out there.

[@johnnyhoang4444]

Never put yourself in a position where you can take from your children.

[@carojames6776]

If my. Mother needed something, anything, and did not turn to me I would be DEVASTATED. I would sell the entire contents of my home if need be. Make no mistake.

[@lyngrey4186]

@@carojames6776 agreed

[@jeffro221]

@@carojames6776 I think Ramsey got this one wrong. Someone with millions can give a 55k gift one time and not even feel it.

[@pattip1413]

An elderly couple died in Texas when their ac broke and they did have it the 4K needed. It took 4 days to get the loan approved and they died from the heat in their mobile home a day after loan was finally approved. The grown kids living close. What the actual heck.grown kids look out for your elderly parents. Check on them to be sure they have food and electricity and be there for these times of emergency because they may not ask!

[@oa5828]

"No. You're 80 years old and should have your life together financially. You have had plenty of time."

[@LarsonFamilyFarm-LLC]

Yeah, that about encompasses it. He must have made a boat load of mistakes to be 80 years old without $55k handy. Shame on him for even asking of his married daughter.

[@Dana-gj5hr]

You’ve had 80 years to learn to balance your checkbook. Giving money to a broke adult family member is like buying an alcoholic a drink.

[@Kathy-Ohio]

It all stems from people TELLING others how much they have....that's WHY he asked you guys for money.❤

[@gilbertrodriguez690]

I love how straightforward he is with people, no kid gloves. Which is what is needed sometimes

[@percivalgooglyeyes6178]

A good strategy that I have used when a family member hits for a loan is to flip it back on them and tell them you were just about to ask them for a loan as you are so broke and quite embarrassed about it. It works, try it.

[@erikaalvarez5121]

👍👍👍👍

[@voidfroze]

😂 nice haha

[@marionkey8416]

Lol!

[@rillawhat8142]

😂🤣👍🏾nice!

[@ParentingIsPlanning]

The fact that this woman doesn’t even know how much money they have is evidence that she is also dealing with money trauma. She needs counseling. Her father is manipulative and irresponsible and her need to people please is a red flag. Dave is on point as usual!

[@annklonl5207]

She knows, she just doesn't want to say it.

[@taniabras2357]

I think they have more than 2 bar but she doesn't want to air that, in case other folk are listening. It's still her choice though to give or not

[@AaaBbb-pg8lj]

⁠Speaking of manipulative…her reluctance to disclose what she is worth is disingenuous and deceitful. She simply should have said that she and her husband do not want to disclose their net worth but the amount requested is very easily affordable for them. Period. Instead, she hems and haws and acts as if she has no idea how much they have. I would bet she knows to the dollar what she has in every bank including the piggy. She wants permission to say no to her father from someone she sees as an authority figure.

[@annaelisavettavonnedozza9607]

I am SO LUCKY I have the parents I have. I love you mom & dad. My dad would die before he’d ask or expect me to take care of him financially

[@DarcieGlam]

I have a feeling that "his wife" is behind all of this.

[@frankbatista.official]

Good point

[@glendacastillo6504]

She doesn't know how much in the bank. When her husband left her, I'm sure she'll figure it out or have nothing for being s-----.

[@potocatepetl]

she obviously knows, she just doesn't want to make it public! It was obvious. And of course she figures it out if she divorces, if not her, then the lawyer. it's her right!@@glendacastillo6504

[@BUGZYFANG]

Hope your in the same situation also when your 80

[@kimberlymartin459]

​@@glendacastillo6504my words were.... You better hangup in Dave's face and go find out!! She go be living with her dad and stepmom😂

[@philipgerry5228]

Don’t make Dad’s problem your problem.

[@aeramas]

When you tell soneone 'no', it earns you respect from the other person.

[@frankbatista.official]

And if they get angry at you, that's not YOU who is wrong

[@sherylclements2846]

Wow. What Dave said about Biblically to honor your parents, NOT their misdeeds?? Hit like a ton of bricks, as I had (past tense) a similar situation. That can apply to any family member. God will help each one find their answer, and with great teachers such as Mr. Ramsey, and then when your cup runneth over? You get to give to those in true need. I am grateful to be able to listen to him in addition to Him!!!

[@sheraziqbal9556]

She should turn the tables and force her dad and make him feel embarrassed to why they are not getting back the money her step mom's family owes them. Like dad why are you letting them take advantage of you and rip you off. I can't see you like this let's go get your money back!!

[@jwlsngold5026]

"...let's go get your money back." Why?? Why should she be trying to get her father's wife's family to "pay her what she's owed, and how does she know this is actual fact? If his wife isn't going to pursue it then I think the case is closed.

[@thomasreedy4751]

@@jwlsngold5026 Because it could be elder abuse and financially savvy children should Step in when their parents are being taken advantage of. A child doesn’t have to give a penny to look after the best interest of their parent.

[@8356-4]

Tell your dad your husband said NO and he will divorce you if you give them money. We do that all the time.

[@myway3050]

😂

[@jandramardges3368]

We have played good cop bad cop with our kids all their lives….and advised them to pass the blame off on us if they didn’t want to do something someone asked them to do. We learned loooong ago that No is a good response……and we have helped out our kids through tough times when ever we thought it was the right thing to do.

[@BLink2fu]

😂😂😂😂

[@dummgelauft]

😂😂😂

[@lindap.p.1337]

Good answer!

[@jenniferwhitten1787]

Thank you for your commentary on what it means to honour your parents ❤

[@ajb7530]

I lent my parents money, several thousand dollars and they are refusing to pay me back. So now i will have to take them to court just to get it back.

[@becskirk293]

Hope you had it in writing.

[@ajb7530]

I won in civil court.

[@SeattlePioneer]

You won a JUDGEMENT. But did you actually get paid back?

[@potocatepetl]

If they have a stable income, she/he'll get the money on a monthly basis, otherwise it's difficult, unless they have valuables (let's say two cars or high end gym equipment) that can be sold. @@SeattlePioneer

[@ajb7530]

​@SeattlePioneer , I'm still working through the paperwork after the judgemental. It's a long process.

[@joanchristenson5761]

They want to be debt free so that they can start buying/spending on the cards again! My answer would be "no". And I agree with Dave that "no" is a complete sentence!

[@nancyt6895]

It's annoying when people call in and don't know their numbers. But good advice, Dave

[@carlsanders7824]

I suspect she knew, but did not want to say.

[@naca1553]

Especially when they’re women. I don’t know why women won’t take care of knowing the numbers

[@potocatepetl]

agreed. It was obvious she knew@@carlsanders7824

[@XxDeathsEnemyxX]

My dad would never have asked me for money. He was a proud man. But if mine asked me, he would get it because he was a great man and if he asked me, I would have known he would have needed it.

[@colleenduffy1139]

Why's Dave so surprised by her dad's age, she already told him she's 56!

[@pattip1413]

Because in the south people have young’ins super young. And the die early? (Shrugs)

[@cindymann3673]

@@pattip1413even if her parents had her when they were 15, their age would be 71…

[@jayknee7438]

@@pattip1413Where in the south? I lived there for twenty three years, and never saw that at all. I still don’t see that in any of the friends and family I have living there. I actually see it much more now that I don’t live in the south. 🤔

[@jessicachavez4891]

Why would you even consider this ?

[@jvsaints3028]

I have a brother who asked me for money several times. He has filed for bankruptcy twice. He wanted our mother to give him some of her modest retirement money and that was the final straw. I couldn't believe he would put her at risk like that. We have to trust our experience with people and do what is right for us.

[@sobeliever1638]

She could have just said she does not want to publicly announce her net worth in case family and friends are listening.

[@johnbriggs1038]

If she pays it off, they will just run the bill back up, and ask for more money later. They haven't fixed the problem of spending money they don't have.

[@bebeflamand1]

Nope! No is a complete sentence. Parents don't always have your best interest at heart. Wish I had learned that lesson earlier in life.

[@lindap.p.1337]

I am 76. NEVER would I ask my kids for money, loan or no.

[@fluffhead917]

How do you not know if you have one million or two million? That’s a huge difference. It’s mind boggling..

[@christams8863]

I think she doesn't want to disclose the exact amount: she does know.

[@Treerootz1]

Maybe he husband takes care of the finances

[@fluffhead917]

@@Treerootz1 That’s no excuse. Actually, it’s a horrible excuse.

[@fluffhead917]

@@christams8863 No, she had no idea. Sounded like an idiot.

[@christams8863]

@@fluffhead917 Are you telling me your wife(or husband) doesn't know how much money you have? LOL!

[@TacticalCanner]

A lot of parents think it is their child's responsibility to take care of them during their older years when they did not do the same for their parents. My guess is that this guy did not lift a finger for his parents but is now demanding things from his kids.

[@melmel7011]

It is though, how do you expect your parents to take care of themselves when they are old and weak?

[@TacticalCanner]

​@@melmel7011 I said "A lot" which is a subset of the population. Some parents do a great job raising their kids and putting them in a great position in life through self-sacrifice and teaching. Those parents have earned some dignity in being taken care of later in life. However, some parents do not set their children up well in life and are just takers. They did not help their children, themselves, nor their own parents but now expect someone to rescue them at the end. That was my point.

[@SoManyRandomRamblings]

True that my dad dumped his parents in a home and left state

[@serenity8145]

What’s so wrong in taking care of your parents?

[@TacticalCanner]

@@serenity8145 Nothing when the parents are good. Please read the whole conversation as it explains your question before you even asked it.

[@vangtk10]

I used to lend my younger sister money for her random “out of the blue I need a spot this month I’ll pay you back when I can” situations. Never again.

[@potocatepetl]

Nope. Even if you do, never on the terms "when I can" because she will never can. Make her sign a piece of paper stating the amount of money and until when she has to pay it back. Another wittness would help as well. I assure you she will never ask again!

[@theL0VERS]

This is a hard no. It is not a life-or-death situation it is not parents fell ill and may lose their home and I have millions in cash laying around.

[@michaelh7527]

You can tell in her voice that she is going to give the money. Her dad will sweet talk her and guilt her into it. Many older parents are excellent at guilting their kids into believing they owe it to them.

[@maiwurld2578]

True

[@Matt-cr4vv]

My grandma often felt entitled for my dad to help her financially but never really had to guilt him. She essentially only made social security after losing her retirement during the recession and he was a six figure earner with s net worth of multiple millions to be able to help her. But he is also extremely generous to the point that it never would have gone to the point of her having to guilt.

[@livefreeordie5769]

To speak to Dave Ramsey is on my bucket list.

[@dianecelento4974]

Tell your dad and stepmother to declare bankruptcy.

[@victoriadelbando3283]

I use to know a relative who always asked my husband and I for a loan whenever they were in a bind. I started saying no because I felt like a bank! Truth they will find someone else just say no!

[@joycebacon4802]

and I bet you stopped hearing from this relative, so worked in your favor

[@lynhanna917]

I practiced in front of a mirror saying over and over "no but thank you for thinking about me" and it has become a real good habit. So much so a friend asked me for something simple. The line just popped out of my mouth and my friend was furious yelling i know what that means. Years ago i told her that in my head it means f**k off, eat dirt and die, nope not happening. And NEVER explain why, just stick to the original no phrase

[@rachelharrison7961]

The caller and husband are both under 59.5 yo. Just tell the dad that they can’t take any money out of the accounts without a penalty.

[@dantheman52420]

Literally just pushes the problem out a couple years, then dad comes knocking again. Band-aid.

[@maam-yj8ph]

Maybe they will have a legitimate reason to call in a few years. One fall in the elderly can change their health situation tremendously.

[@keisha2shoes]

Or you just say no.

[@gubernational57]

“You’d be a coward to cave to that” that right there is why I like Dave. He doesn’t sugar coat it and says what’s on his mind. That’s what a lot of these people need. Someone outside their circle needs to tell them straight up

[@genxx2724]

They give Dad and his wife the money. Wife’s kids get out of repaying. Dad, wife, or both, die. At best, their assets will be split, with half going to his kids, and half to hers. This means the caller gifts Dad’s wife’s kids half of $55K, and loses out on half of the $55K that should have been back in the estate. Actually, the caller is out $77,500 (Caller’s $55K plus half of what the kids borrowed and didn’t repay). More likely scenario is that Dad dies first, and wife leaves everything to her own kids.

[@Rachel-ul8et]

Yes! He is 80. Soon he won’t be driving, he can sell the car, no car payments, put the money towards debt.

[@artharrison294]

GenX X there you go, thinking like a lawyer. Not bad for this exercise. Rational thinking in effect.

[@annklonl5207]

This!

[@genxx2724]

@@artharrison294 Guilty as charged. 😆

[@bennylawrence6221]

Not only that but she will pay tax on what she withdrew from Ira so closer to 100,000$

[@drn13355]

This lady needs to get to the point. She is basically excusing it and laughing. She doesn't know if they have two million or three million. So wishy washy. Say yes or no and move on.

[@kslucki]

Many people laugh when nervous.

[@genxx2724]

It was BS. She knows everything. Either lay out the numbers or don’t call.

[@Elizabeth-yg2mg]

Yep she was irritatingly pokey.

[@notanomad9320]

Just tell him to go to a bank for a loan. It sounds like he has bad finically behavior and you would never get the money back.

[@ykciR]

The parents want to get out debt. What good would getting a loan to.

[@notanomad9320]

@@ykciR he's asking for a loan from his daughter, the issue is who takes the risk, his daughter or the bank?

[@alinatamashevich3354]

Banks have plenty of money!

[@mahadevovnl]

Daddy Dearest is going to ask for more money when you cave. This is just the start.

[@plants4thewin]

We dont want to do that. Me: Then dont

[@daisy9910]

80 years old and still doesn't get it. It's really sad he cares so little for his daughter.

[@linda7345n]

I've had this sort of thing happen only 2-3 times in my 78 years. The first time was in the mid 60's. In-laws were desperate for a $355 loan that they promised to pay back. They never paid any of it back. The way I look at it is that if I were to ever again to consider loaning anyone money, I would be agreeing with them that they are not capable of making the money themselves. And that is a terrible message to give someone --here you go, I am capable and you are not. Nope, I'll not do that. Instead I'd go to great lengths to help in their education of handling money, finances.

[@SeattlePioneer]

> My recommendations: You made the loan. Fine. Write up a contract that includes the amount loans, the monthly payment amount and an interest charge per month. I like to charge 1/2% per month. Send out a monthly statement showing the previous balance, amounts paid, interest added, the total balance still due, and the monthly payment and due date. In other words, TREAT IT AS A LOAN AND A BUSINESS DEAL. If you are not willing to do that, call it a gift, not a loan.

[@shaedric5733]

Totally different situation, but reminds me that I had a drug addict parent figure who would steal money from my birthday cards. After I moved in with another family member and got a job in high school she'd still ask me for "cigarette money" all the time. And never being taught how to stand up for myself and being gaslit into thinking she deserved it for raising me, I'd cave in every time.

[@MN-br5nb]

That’s terrible my friend, stealing from the bday cards…hang in there. Not your fault.

[@bjthedjdutchdude1992]

Never.... Ever.... Touch your retirement account

[@OveranalyzingEverything]

Why cant he just pay off his own debt the way he thinks he will pay off his daughter. Unless he has no intention whatsoever to pay her back.

[@marilynbartlett1850]

And there you go.

[@ltlee5387]

Ramsey usual advice is "Dad I can't give you this money because we LOVE YOU.". Lol

[@Primitive_Code]

"I love you too much to participate in your insanity". 🤣

[@annasimons389]

it's kind of insulting...

[@user-fs6ou3fk9p]

I 100% agree with you. DO NOT give your father the money. I've learned to say NO with no explanation.

[@ashlieb5678]

I would of said no in a heartbeat since it’s my money not his

[@crulius.pontanian]

No is always the best answer in these circumstances. Never say why you are saying no matter how hard they ask or pressure. Keep repeating the one word No. They want the why so they can breakdown your reason for refusing. And if said person keeps pressuring after given a firm no, at that point end the conversation. Hang up, slam the door, put phone on airplane mode. If they still don't get the hint after that then sadly it is time to think about terminating that relationship.

[@happyappy19931]

It’s so hard when a parent asks for and expects money. The guilt trips: “we raised you” “I took care of my mother, and I thought my daughters would do the same” “the Bible says…” “You are so successful and have the money”

[@markthompson180]

Her dad's credit card debt is not her problem! If she pays it off, they will just run that credit card debt up again! "No" is a complete sentence.

[@21truthbetold]

She probably told her dad that she was a millionaire. You don’t tell anyone you’re a millionaire. At 80 you can die with the debt. Just pay the minimums. At 80 you can rank up the credit cards.

[@bes03c]

In sales, you learn how to overcome objections. The hardest objection to overcome is a firm "No." Excuses give room for overcoming objections.

[@PipeHonka]

What's the difference between owing the credit cards and the car loan and owing the daughter? Nothing. It doesn't change their situation... If they are saying they will repay the daughter "with interest" then why not just pay the original debts. It's just moving the debt from one creditor to another. It only helps them if they aren't planning on repaying it ever. I know they SAY they will make payments... But after a couple they will stop. They have to be expecting the daughter to make it a gift. The parents already know how it feels to be owed money from a relative and not pressuring the debtor to pay it back... Now THEY want to do it too. The daughter needs to say that they don't want to be in the same situation with a relative owing them money and making the relationship weird.

[@Tehui1974]

I'm 49 and am currently in step 6 of the Ramsey steps. In my 20s and 30s, I was regularly struggling with money. I'm so glad that I never took out credit cards or asked anyone (or family member) to loan me money.

[@matthewbrashears1248]

I have multi millionaire family and friends and feel guilty when they pick up the tab at a restaurant 😐

[@Ink30]

Don't feel bad we like to have fun and don't want others that we like to miss out on experiences either. and = 1 penny to us

[@stephenbeech467]

We have friends who are great fun. They're not rich but are great party guests. I have no issue at all with them not entertaining us. Great people.

[@SeattlePioneer]

Consider inviting them on a hike or picnic. There are lots of ways to reciprocate social experiences.

[@greg_216]

I would just give them the money. No loan, end of story. One time, non-repeating gift. But I'm not a pushover. A year or two later, the answer to "Could we have some more?" would be an unhesitating "No." But it's not me on the phone, so I feel like this was the pep talk this woman needed to hear. Her gut was saying no; she just needed some help getting that no up to her mouth. Edit: I would probably ask for a copy of the first page of the credit card and loan bills and send in the payoffs directly. "There! Debt gone! Have a happy life!" (Narrator: But the debt wasn't gone. It would later rise from the dead.)

[@bettymiller1308]

Agreed, my daughter needed a little help when she first got her own apartment. We worked out a budget and she learned enough that she went into banking. So very proud of her!!!

[@texasmimi5566]

Because one has done well in life, nice home, nice car, clothes, etc. because of hard work, the "have-nots" in the family think you are rich and expect the hard working ones to "help (read: give) them as well. There's one in every family. "No" is a complete sentence. Don't let emotion make a mature, hard working, responsible adult feel guilty.

[@xentaatnex8261]

This father's debt is the product of bad behavior. To solve this problem, it is most effective to resolve the behavior rather than wasting time effort and resources on the debt.

[@frankbatista.official]

A big part of Financial Freedom is having your heart and mind free from worry about the what-ifs of life! Have an amazing week everyone!!!

[@josephinebournes8212]

Beautifully written 👏🏿

[@frankbatista.official]

@@josephinebournes8212 thank you so much. Wish you all the best!!!

[@peteranon8455]

My first rule is to never financially help anyone who is retired. If dad's working as a greeter at Walmart, we can talk about the kind of help he needs.

[@potocatepetl]

My first rule is never to discuss my finances with anyone. No one in this world knows how much I earn (well, except HR). It is no one's business. They know I'm stable, that's all they need to know.

[@joedattoli]

I wish I had the time to tell Dave about what I am going through with my own parents. They are constantly guilt tripping me. I literally get past Christmas’s thrown at me. As if that was a loan.

[@samanthat7553]

My father was very very critical of me and every decision I made. It was difficult to have a conversation with him because I had to walk on eggshells. At any moment, one word or phrase would set him off and all the sudden I was the target of his anger. Eventually, one day, I told him the things that I refused to talk about with him anymore because it somehow always turned into a fight. These things were politics and money. He went off the rails about something political and I said "hey, Dad, remember, I told you I wasn't going to talk to you about this anymore." Of course this made him even more mad and he started screaming that I wasn't his daughter and he disowned me and blah blah. I grabbed my keys and my purse and I said "I love you, Dad, but I'm not going to do this." He started literally crying and begged me to stay. Whether the tears were real or just manipulation, I didn't care. About 15 minutes later, he called me on my drive home and gave me a half-assed apology of "I'm sorry YOU misunderstood" and "I'm sorry BUT you know how passionate I get...." Never a real apology. I told him I still love him but I'm going to stick to my guns on this. Sorry, long story but my point is, it took me 29 years to get the courage to do that. People that manipulate love knowing that they can and as soon as you set boundaries and stick to them, it drives them nuts that they can't play you. Tell your parents you're not going to keep going on these guilt trips and when they do, walk away. You can do this and it will bring so much calm to your life.

[@AbbaJoy1]

There was a point when I was without a job and my adult children had a conference call, asked my expenses (utilities, no debt) and divided it among themselves. I was able to get two jobs. They said I didn't have to pay them back, but I insisted tgey let me reapay because the day could come that i need help. I hope not, but I know they would. It's a bit unsettling when you don't know what your later years could require. I'm past retirement age and still working -- a job I love.

[@nancysmith2874]

They would run up cc again

[@XFizzlepop-Berrytwist]

She even said they had a way to get money that was owed, but they are refusing to do so.

[@dtom1145]

My first instinct is no, you are not a bank and your security comes first. That said, does he have any assets that you could use as collateral, like signing over his house? Maybe some other assets he can liquidate? Start there, if nothing then politely decline.

[@georgewagner7787]

No way. If he doesn't pay, are you gonna take his home? Or wait until both of them die to get the loan back?

[@janhatcher6991]

No! They have alot of nerve! NO!