Whether you are successful or not, you will receive a request to lend money from a family member or relative. The problem with lending relatives or a family member is that they take the loan as a grant and will most likely default on the loan. It is recommended that you always treat the loan as a business transaction. That will increase the likelihood that you will be paid. You are advised to first think hard whether you can afford to lend the money. The basic financial advice is to “always lend what you can afford to lose.” If the…