5 Steps You Need to Take Now If You’re a Financial Enabler
How to provide financial support without enabling
1. Listen to your gut
Founder of Empyrion Wealth Management, Kimberly Foss, discusses this issue on the Watching Your Wealth podcast. One of the first pieces of advice she offers is to trust your gut.
No one is immune to money mistakes, not even the most responsible person you know. If you believe something is off, consider that before you act.
And if you want to make sure your money is going to the right place, follow the advice of psychologist Dr. Helen Odessky. Direct payments to creditors or landlords rather than to the person borrowing from you.
If the other party doesn’t like the sound of that arrangement, that could be a red flag that they’re not telling the truth about why they need the money.
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