"Guilt because I had more financial resources than they did - I'm a millionaire who has worked in finance for decades. Dread because I've seen, both professionally and personally, how quickly money can complicate even the best of relationships. As a financial planner professional turned financial therapist, I specialize in wealth alignment - helping ultra-high-net-worth individuals and couples transform money from a source of stress into one of connection, impact, and lasting fulfillment."
"We agreed to monthly interest-only payments of $100, with the principal due three months after the initial payment. Although it may seem overly formal to some, I asked my relative to sign the paperwork outlining the repayment terms we had agreed upon. I've seen too many family rifts erupt when expectations aren't clearly spelled out. Second, I made a private mental shift: I decided to treat the loan as a gift."
A millionaire and former financial planner turned financial therapist felt guilt and dread when a relative asked for a $1,000 loan. The guilt stemmed from greater financial resources; dread stemmed from experience seeing money complicate relationships. The professional specializes in wealth alignment, aiming to turn money from stress into connection, impact, and fulfillment. To protect the relationship, the loan was formalized with monthly interest-only payments of $100 and the principal due three months after the initial payment, and paperwork was signed to outline repayment terms. A private mental shift treated the loan as a gift to avoid resentment if unpaid, while a fear of enabling unhealthy behavior remained unspoken.
Read at Business Insider
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