Supporting Family Members Financially

[EgoDeath]

While we're on the subject of finances and family, I have a rule that I don't do business with family or friends. Not the car salesman, accountant or the FFL dealer. 

If/when things go bad it tends to ruin relationships.

I agree. My brother once lied to me in a business deal. Basically, the deal was that I was going to buy this thing I was selling back from him at a later date, because I needed the asset and never wanted to sell it in the first place. Without shame, he completely made up the story about why he needed it in the first place, but I didn't find out that he made the story up until later. What's more is he totally lied to my face after the deal was done, claiming he never made the agreement to sell me the asset back at a later date.

He still insists that the story he made up was true, despite me finding out that it was false. And to this day, he still claims he never made such an agreement about selling it back to me. He refuses to sell me back what is rightfully mine.

Ever since, I've decided I'll never put money in, or take money from my brother's hands again unless it's absolutely necessary. It would literally have to be a life or death scenario. Outside of that, I'll never do business with my brother again.

However, I once loaned money to my father (though I considered it a gift, he insisted he would pay the money back). To my surprise, he actually did repay me. This strengthened the trust between my dad and I.