Imagine that your best friend wants to borrow money. She asks for $80,000 to go into business for herself.
You take a deep breath and consider your friend’s request.
Eighty thousand dollars is a lot of money. You have some of it in savings, but you would have to borrow the rest. Your own job situation is unstable due to downsizings and corporate mergers, and you realize you haven’t saved enough to retire. Because of these factors, you are hesitant to take on more debt at this time.
You love your friend very much. You want to help her in any way you can.
You decide to ask your friend for more details before you write the check.
You friend enthusiastically explains that she wants to relocate to a city ...