Ever loan money and not get it back? - How much?

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tens upon tens of thousands...I lost track. I hate what money does to people. Its not even the "not getting loans back" that bothers me, it's just the way it makes people treat each other. I used to be willing to give the shirt off my back to anyone but I learned that can be damaging to some people, like feeding a wild animal who then forgets how to hunt for themselves. I hate the dichotomy of wealth.
 
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Cats said:
I used to be willing to give the shirt off my back to anyone but I learned that can be damaging to some people, like feeding a wild animal who then forgets how to hunt for themselves. I hate the dichotomy of wealth.
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100% and people don’t grasp this concept.

Same reason most lottery winners are filing for bankruptcy after a few years…
 
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Yes, $200 in pre-2021 money. Person had cancer. Thought it was cured. Turns out it was just in remission. Did not want to be like "hey sorry about the terminal cancer btw you still owe me $200".
 
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Dieter Laser said:
100% and people don’t grasp this concept.

Same reason most lottery winners are filing for bankruptcy after a few years…
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And the fact that if you loan some people money, their guilt of knowing they won't ever be able to pay back may cause them to change their attitude toward you and suddenly you're the bad guy, even if you try and tell them "look, I dont care, I value your friendship more than money, forget about it". It just changes things. It sucks because you want to help ppl you love but just giving them money isn't helping. It is so complicated and I hate it.
 
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Chocolate Wombat said:
Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
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Excellent. I'm also reminded of a Chinese poem:

'I have money, I have friends
I loan my money to my friends
I ask my friends for my money
I lost my money, and my friends'

I've never lost a sizeable amount of cash, but have been stiffed/ghosted for small loans before. I make it a point never to be a debtor of creditor to anyone now.
 
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I don't have that much money to hand out, but on occasion I have given money to close friends and relatives caught in a slight jam. By some miracle I have been fully repaid in all cases, without asking for repayment. That's good.

OTOH lending non-monetary items, like small kitchen appliances or specialty tools, has never gone well for me. Almost invariably, these things return to me non-functioning or incomplete, if at all. That's bad.
 
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Shiawase said:
I don't have that much money to hand out, but on occasion I have given money to close friends and relatives caught in a slight jam. By some miracle I have been fully repaid in all cases, without asking for repayment. That's good.

OTOH lending non-monetary items, like small kitchen appliances or specialty tools, has never gone well for me. Almost invariably, these things return to me non-functioning or incomplete, if at all. That's bad.
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I will never understand people who loan shit and then fuck it up/break it completely. You'd have to be the most selfish, careless fuck to do that.

Loaned a few Japanese classic novels to a guy I know about two years back. I've asked for them back on a few occasions, and if he still has them. I've gotten vague, non-committal responses as though he no longer has them, or left them at his family's house where they've probably been sold/lost by now.

Grinds my fucking gears god damnit. And that situation was one of the FEW instances where I made an exception to loan my shit.
 
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Sold 60 BTC to loan $5k once. Never got that back. Imagine how much 60BTC would be worth now! It was at like $80 or something then.

Bought a friend a quarter-pound of pot to sell, expecting him to pay me back. Never got it back.

Whatever. It's just an expensive lesson. It's just money. I can make more.
 
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I've been shafted $2700 and $1300 I the early 0's.

I didn't got after the guy for the $2700 fankly because I felt fucking sad with what happened to him and what was to happen to him that I had nothing to do with.

The revenge I got on the non payer for $1300 was so worth it; I'd do it again just to have the excuse.

I have sadly fucked someone over for a much larger sum; but that's another story. I shouldn't be proud of it, but I'm not ashamed either.
 
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