One of my
most cringe-worthy memories is from the 7th Grade.
class, we had to find seating for a project. I naturally wanted to sit next to one of my best friends.
someone was already sitting there and he refused to get up.
I was one of
the few kids who had a job so I pulled out my wallet. I showed the kid $40 dollars and said “this is yours if you give me your seat.”
didn’t believe me so I handed the money to my friend and said “once you give me the seat he will hand you the money.”
The kid got
up and I took his seat.
Of course you
know what happened next….my friend handed me back the money.
I am not
proud of it, but it illustrates my point. Trust no one!
I have heard
way too many stories of people and business owners that co-signed a loan with a boyfriend or just believed someone that said “don’t worry I will take care of it.”
Do you know
what happens next?
into my office explaining to me that their boyfriend defaulted on the loan or that person didn’t take care of it.
Now they are
either completely screwed or they have to pay me to fix the problem. Trusting
someone with your money without a written agreement is like playing Roulette, eventually you will lose and it might be the first time you play.
So, protect yourself and get the agreement in writing.
For more information watch the video above!
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