Able Quote by Emily Yoffe
“Never loan money to friends or family that you are not able to write off entirely.”
About This Quote
Source Book: The Money Book, Emily Yoffe, 2005
Advice to avoid lending beyond what you can afford to lose, treating it as a potential loss rather than a recoverable loan.
In simple terms: Only lend what you can afford to lose.
Key Takeaway
Protect relationships and finances.
Themes
finance
relationships
risk management
Mood
cautious
pragmatic
Type
advice
financial.
When to use this quote
- personal loans
- family gifts
- business partnerships
- financial planning
Key Concepts
opportunity cost
emotional economics
Questions to Reflect On
- How would you handle a loan that isn’t repaid?
- What safeguards can you set before lending?
A Different Perspective
May strain trust if not communicated clearly.
