The statement “only lend money you have as a surplus” is a sound financial principle. It means that you should only lend money that you can afford to lose, without compromising your financial well-being.
Lending money to someone can be a generous and kind act, but it also comes with risks. There is always a possibility that the borrower may not be able to repay the loan, or may take longer to repay than expected. If you lend money that you need for your own expenses or savings, you may find yourself in a difficult financial situation if the borrower fails to repay the loan.
On the other hand, if you lend money that you have as a surplus, you can still meet your own financial obligations even if the borrower is unable to repay the loan. This can help you avoid financial stress and anxiety, and allow you to maintain your own financial stability.
In addition, lending money that you have as a surplus can also help you avoid putting your personal relationships at risk. If you lend money that you cannot afford to lose, it can create tension and conflict in your relationships if the borrower is unable to repay the loan. By only lending money that you have as a surplus, you can minimize the risk of damaging your personal relationships over financial matters.
Overall, the principle of only lending money that you have as a surplus is a wise financial strategy that can help you maintain your own financial stability and avoid unnecessary risks.