Ways to Keep Adult Children from Becoming a Financial Liability

February 04, 2022

This article explains several scenarios where your child may be asking you for financial help. First, they may have taken many loans and want your help with EMIs. The author suggests turning the child to a financial advisor to keep your finances intact. Secondly, the child may want a loan to help with a start-up company. If the child has mentioned this scenario before, then hopefully it makes sense for the parents to hand out a loan without interest with a direct time frame on when it needs to be paid back. Another scenario involves a child who wants frequent handouts. The author suggests getting a financial advisor or even seeking counseling. For more guidelines to help with your family business issues, click the link.

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