…Dad asking for money
So my dad got himself into a little debt with his rental property and asked me for a loan to pay it off. I was going to say no and hang up the phone, but I guess I felt like being a nice guy today. I told this guy to sell the property months ago and cash out, but no he can't listen. My dad is terrible at financial management…and he's a CFO. He literally has no cash savings. I'm in college and have more savings then the guy. I went into finance, so I wouldn't make the same mistakes he did. He literally makes small financial mistakes that could be avoided and it's annoying. My mom had to ask me for the money because his ego would be hurt. He's also a narcissist and will brag about being financially secure, but it's all cap. My mom usually lends to him but I could see him trying to pull this on me again. It's sucks seeing an outflow when I'm grinding so hard in IB. I have goals of my own and not seeing the numbers add up in my account has a mental effect on me. Know it's savage but should I just say no going forward. Would hurt our relationship but I honestly don't care that much. Or would it be messedmy way into profit sharing on his real estate? Advice needed.