lobsterman2112,lobsterman2112 wrote: ↑Tue Mar 28, 2023 8:11 am I have a family member in India who needs a fairly substantial loan in the near future and is asking for my help. Let's say for argument that I am going to agree to loan them the money.
The amount of the gift will be ~$20-25k. It will be via a wire transfer, not crypto.
1) Is this amount of money substantial to you?
2) If yes, do not give/loan this amount. You cannot afford to lose this money.
3) Give/loan an amount that is not substantial to you. Or else, you will lose your family in the process.