Kevin O'Leary emphasizes that lending money to family can destroy relationships, suggesting instead to give money as a gift with the agreement that it won't be asked for again.
O'Leary insists that generosity has its limits: he prefers to gift money rather than loan it, eliminating the pressure and potential strain on family dynamics.
He warns that excessive financial involvement can complicate familial bonds, noting that allowing family members to seek financial aid for their ventures can blur lines and lead to resentment.
By establishing a firm boundary—gifting without expectation of repayment—he maintains his wealth, spares himself from being a creditor, and preserves family relationships.
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