The Bank of.....
- Thread starter JohnDB
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K
Hubby and I got into some problems when he lost his job, during the Obama years. He could not find a job, he had my parents looking and his mother. Sent out over a hundred resumes. How times have changed. Has his CDL and could get a job anywhere now. Anyhow my parents ended up having to help us, so we gave them our second car to pay them back for what they had done. They still have it. We could have sold it for a decent amount but we talked and knew we didn't want to have that kind of relationship with my parents and agreed they should have the car. Now they are out of a job and we are helping them. God has blessed us both to be able to help the other.
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My mother would tell us how they lived on rice and beans to feed her and her 3 siblings. Her father (my grandfather) built the house from the foundation up.
My father has shared with us the times they had to borrow money from their parents to keep themselves above water.
Now as their parents are older, they help them in whatever is needed as of now they are in a financially stable place.
The difference with any charity, giving, or social welfare is in discernment.
One is blind while the others look at the heart.
If the heart is pure and bound to learn from either their mistakes or persevere through the hardship then they are an individual who truly needs help.
Social welfare or the blind act of giving regardless if the individual has a long history of abuse or poor life skills. This will not help the individual but only provide fuel for their journey to destruction. At some point we must be willing to teach or help these individuals through education and positive encouragement/ advice.
They must be willing to repent from such direction that is hurting them and accept the education or advice needed.
A blind system is the worse as it does not care if the individual in constant need has had a long history of failure.
My father has shared with us the times they had to borrow money from their parents to keep themselves above water.
Now as their parents are older, they help them in whatever is needed as of now they are in a financially stable place.
The difference with any charity, giving, or social welfare is in discernment.
One is blind while the others look at the heart.
If the heart is pure and bound to learn from either their mistakes or persevere through the hardship then they are an individual who truly needs help.
Social welfare or the blind act of giving regardless if the individual has a long history of abuse or poor life skills. This will not help the individual but only provide fuel for their journey to destruction. At some point we must be willing to teach or help these individuals through education and positive encouragement/ advice.
They must be willing to repent from such direction that is hurting them and accept the education or advice needed.
A blind system is the worse as it does not care if the individual in constant need has had a long history of failure.
Thats what families do and are supposed to do. They all are supposed to pull together when times get difficult. It shouldn't be just a one way street....and I can happily say that it isn't that way with my family. (Mostly...there are exceptions)
We've helped parents and they have helped us...(mine are more annoying and draining of resources and ungrateful but whatever)
However my grandparents once loaned me money for a truck...I paid them back with the same interest I'd pay a bank. I didn't care, I was going to
We've helped parents and they have helped us...(mine are more annoying and draining of resources and ungrateful but whatever)
However my grandparents once loaned me money for a truck...I paid them back with the same interest I'd pay a bank. I didn't care, I was going to
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People need to wake up, you are getting 0% interest for keeping your money in the bank. Why not loan it to your family members for 2% interest? Suppose your son is paying 4.5% interest on their mortgage. Pay $50,000 towards their mortgage at 2%, they continue to pay off the mortgage as they were doing and the last $50,000 will go to you. Suppose that takes them 5 years before they begin to pay you off. They will save over $7,000 and because you helped their credit a lot you will probably help them in that way as well.
Now there is an issue with giving $50,000, you can only give $10,000 a year tax free. So what you do is in December you and your wife each give your son $10,000, do that again in January, and to top it off you give his wife $10,000 as well in January.
Meanwhile you make $5,000 in interest you wouldn't have made.
Now there is an issue with giving $50,000, you can only give $10,000 a year tax free. So what you do is in December you and your wife each give your son $10,000, do that again in January, and to top it off you give his wife $10,000 as well in January.
Meanwhile you make $5,000 in interest you wouldn't have made.