Interesting piece. We’ve ‘loaned’ money but with the provision that it’s repayable - that way if we end up needing it we can enforce the repayment and equally waive it if we’re doing ok.

Everyone understands the deal, lawyers draft the contracts (which I’m happy to pay for), and it’s business. That way nobody is ‘blind’ going into the deal and we have flexibility according to our need.

Money and emotion / love is a recipe for disaster. I’ve told my children - if you want financial help - approach me like you would a bank. Business plan; risk; etc.

I do due diligence - if they have an issue with that - get the money elsewhere. I’m not offended.

I’m not worried about security … it’s my children but I’m able to lend because I’ve done something right. They can and should profit from that knowledge.