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Chanakya Niti: 5 Principles to Know Before Lending Money to Friends or Relatives!
- •Before lending, ask yourself if you can mentally accept the money might not be returned; if not, don't lend.
- •Lend only an amount that, if not returned, won't change your attitude towards the relationship.
- •Document the lent amount and repayment date in writing, even via a WhatsApp message, for clarity.
- •Help only once in a crisis; do not lend new money until the previous loan is fully repaid.
- •Never use lent money as a weapon in other disputes or arguments, as it can ruin relationships.
Key Questions Answered
According to Acharya Chanakya, before lending money, you should ask yourself if you can mentally accept losing it completely. If the answer is no, it is better not to lend the money. You should only lend an amount that you can comfortably lose without creating stress or bitterness in the relationship.
Chanakya Niti advises documenting the loan amount and repayment date in writing, such as via a WhatsApp message or note, to maintain transparency and clarity. This prevents misunderstandings about deadlines and saves the lender from repeatedly having to ask for repayment.
Chanakya's principles state that you should never bring up old debts or use lent money as a weapon during family disputes or arguments. Publicly taunting someone about money they owe can make them feel insulted and cause deep, permanent damage to the relationship. Financial accounts should always be kept completely separate from personal quarrels.
