Need to Set Boundaries with People Asking for Money? Ask Madeleine
"Dear Madeleine,
This isn’t really a work problem, it is a life problem caused by success at work. I am the CEO of a respected company and have been successful beyond my wildest dreams. I was the first in my family to go to college, let alone get an advanced degree. I am incredibly persistent and have worked hard—but, to be fair, I have also been lucky.
My problem is that my success is visible, so my family members and friends constantly ask for financial support. I am a single mother of two kids. I pay for their secondary schooling and am trying to save for them to go to university as well as for my retirement. I already contribute to the school fees of all my nieces and nephews and pay rent for some of my aunts and uncles. Once I have paid my own bills and all the others, there isn’t much left for savings.
People see that I drive a good car and have nice clothes and they think I am made of money. My own assistant recently asked me to help with her mother’s medical care. People always say they will pay me back, and we all act as if the money is a loan, but I can’t see how anyone will ever be able to pay me back.
I know that the things people ask me to help with are legitimate. It isn’t that I feel taken advantage of—it is simply more than I can pay. I recently made a loan by putting something on a credit card, so now I am paying interest on that loan and I just hate it. I am really struggling with saying no.
Victim of My Success"