Ryan Deiss: My advice is to never loan money to anyone, unless you’re running a bank.
If the person means enough to you and you have the cash, then give it. Give it freely, and tell them you have no intention of accepting their repayment.
If you can’t afford to give it, then you can’t afford to loan it.
Simply tell them, “I’m sorry, but I don’t have the available funds to help you at this time.”
Also, loans fundamentally change relationships for the worse, while gifts change them for the better.
Even if it turns out the person is scamming you, at least you find out earlier, and you can remove that person from your life.
Dennis Yu
Dennis Yu is a former search engine engineer who has spent a billion dollars on Google and Facebook ads for Nike, Quiznos, Ashley Furniture, Red Bull, State Farm, and other organizations that have many locations.
He has achieved 25% of his goal of creating a million digital marketing jobs because of his partnership with universities, professional organizations, and agencies. Companies like GoDaddy, Fiverr, onlinejobs.ph, 7 Figure Agency, and Vendasta partner with him to create training and certifications.
Dennis created the Dollar a Day Strategy for local service businesses to enhance their existing local reputation and make the phone ring. He's coaching young adult agency owners who serve plumbers, AC technicians, landscapers, roofers, electricians in conjunction with leaders in these industries.
Mr. Yu believes that there should be a standard in measuring local marketing efforts, much like doctors and plumbers need to be certified and licensed. His Content Factory training and dashboards are used by thousands of practitioners.
