A Brother's Obligations: Ask Noah
NEW YORK (TheStreet) -- Q: My brother and I have always been close. As adults; I have become financially successful and he has struggled. He has often asked me to lend him money for a variety of reasons. I've always felt obligated to him and have loaned him the money.
Recently he asked me to finance a project of his as an investor. I am very wary of this plan and feel uncomfortable investing. I would like nothing more than to trust him here, and yet my discomfort reigns. Please advise me on how to proceed.
A: The financial generosity is admirable.
However, it is creating an unhealthy family dynamic and cannot continue in it's present form.
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This "unjustified" obligation toward your brother is breeding "justified" resentment. "Investment" in his projects brings with it obvious concern.
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You've mentioned confidence in your current financial status. Circumstances change quickly these days. Protecting your own net worth is still a factor.
You must be fair about your role in this exchange. You have free will, and have been writing the checks. Yes, it was out of love . . . . However, it has created dependence.
An honest discussion with your brother is needed now. And you have to accept that feelings on both sides may be quite intense . . .
Will he or you feel guilty? Will he or you get angry? Will he or you be apologetic?
