You will inevitably find yourself in a situation where a family member asks to borrow money. Though it can be hard to respond to the request, having what I like to call an “ATM mindset” can be a limiting belief pattern that sets you as the helper and them as the receiver up for a codependency cycle. First, you must establish clear boundaries with them about when and how much to lend them money. Next, lend only what you can afford to lose without hurting your own financial future. Learn these tips and much more in today’s episode with your host, Dr.Temi

I’m Eyitemi Oghogho-Ajao, MD, FAAEM, an Adjunct Assistant Professor of Emergency Medicine, a Money Mindset coach, and a Business strategist. My passion is to help Women physicians gain peace and fiscal empowerment without the overwhelm and burnout.

Tune in and know what you have been missing if you do not have the tools to say no or set boundaries with family members before lending them your hard-earned money. Have the strategies that will give you back the power of your money. You will learn how to enjoy giving out your money to anyone who asks without hurting your relationship with them.

During this episode, you will learn about;

[00:01] Episode intro, a quick recap of the previous episode, and today’s focus

[01:08] What I mean by the ATM Mindset

[02:02] Do not just give out fish but show them how to fish

[02:29] Ways you can become an ATM to your family

[03:40] Why you must always have boundaries when lending out your money to folks

[05:10] You need the tools to say NO or set limits to family members who ask you for money

[05:38] Today’s golden takeaway and what you expect in the coming episodes

Notable Quotes

• It does not do you or them any service by just handing out your money for free. Some people overdo this at the expense of reaching their financial goals.
• Do not just become an ATM to your family, sacrificing your financial goals. Do business with them instead as a bank does. Lend but receive with interest or give after fulfillment of service.
• You will only enjoy your hard-earned money if you have the tools to set healthy money boundaries with your family members who ask you to lend some.

Let’s Connect

Dr. Temi
Website https://moneymindsetmd.com/Facebook: https://www.facebook.com/profile.php?id=100086315533661
Instagram: https://www.instagram.com/moneymindsetmd/LinkedIn: https://www.linkedin.com/in/eyitemi-oghogho-ajao-md-faaem-55198850/Email: [email protected]Schedule a complimentary coaching call: https://app.paperbell.com/checkout/packages/98436

About The Show

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