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I had a hard time sleeping last night. I had just read some of the responses to my post about lending $1500 to my sister and was hung up on the last one I had read that night. It warned that I was becoming a fountain of money for deadbeat relatives. I am young and often take some of these posts to heart more than I should.

When I wrote the post, I was feeling proud of myself for being able to help my sister and brother-in-law in their time of need. After reading that post, I wondered if I really was being taken advantage of. Then, I figured the worst case scenario is that I would never see a penny of that money again.

I then started to think of the other times in my life when I lost money because of my own decisions/mistakes. The first car I bought used - I didn't get checked by a mechanic. I lost $1500 for a transmission repair less than a month after I bought the car. I am sure that I will never see that money again.

When we bought our house in May 2000 - we paid a point to lower our interest rate - only to refinance 7 months later at 1.5% lower. Another $1600 of money paid for close to nothing. I will never see that money again.

In this last year, my Roth IRA has lost more than $1500 and my 401k has lost so much more in value that I would rather not talk about it. I am hoping to see this money again - but the markets haven't recovered as fast as I had hoped. I could go on - and it wouldn't be pretty. I am sure that quite a few of you have your own stories that would make mine pale in comparison.

The conclusion that I came to is that money "mistakes" are inevitable and if I'm going to have one - this is the type of "mistake" I want to make. So, another $1500 left our Money Market yesterday, but this time it didn't go to a mechanic, mortgage broker, or car dealer - it went to my sister, whom I love.
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