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Reply to "Advice for a co-worker who has asked for my help"
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[quote=Anonymous][quote=Anonymous]Esh! This sounds like a messy situation for you OP. I’m sorry. And of course my heart goes out to your subordinate and his family. Assuming you do find a time to talk, I’d start by asking what advice he wants from you and let that lead the conversation. Let him volunteer whatever personal financial info he wants to, don’t ask for it. Stick with sharing options and the pros and cons of each. For example, little or nothing down loans have higher monthly payments, and less budget space for other savings goals and expenses. Don’t recommend what you’d do if you were him because you aren’t him. For example, you can walk him through the home buying process and associated fees, but I wouldn’t recommend advising him whether to buy. I’m financially conservative but I know I’d adopt a much more carpe diem approach if I or a family member had a terminal diagnosis. [/quote] Good advice. Thanks for weighing in. [/quote]
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