Halachos of Borrowing and Lending Money

[Music] Cabin. Mansion. Cabin. Mansion. Cabin. Mansion. Cabin. Mansion. Cabin. MANSION. CABIN. MANSION. HOW Y'ALL DOING? HAD EITHER A cabin or a mansion, which one would you take? Do I have a lifetime supply of wood and it's on a hill? Yes. Then cabin any day. We were just wishing. Yeah. Yeah. Why you wishing? A lot of money dude. A million dollars is nothing. You just get it. Prove it. All right, come through. What can I do for you guys? Can we borrow a million dollars? A million dollars? Yeah. Do any of you guys have credit score? We have credit cards. No. A credit score. Oh, no. No. Give me one good reason why I should give you guys a million dollars. You're kidding me. No. Does this have extra chocolate? Yes, sir. [Music] Not going to lie, this cabin's pretty sweet. This was a move. Parachuted out of Haiti. A Lamborghini running it over that bridge. That was insane. Yeah. By the way, what does that loan do? I don't know. Don't know? No. All right, well. Hey, you know you could have just rang the doorbells. From his facial expressions, he looks pretty mad. Yeah. Where is my money? [Music] Guys, can I can I come in now? Next time when you want to borrow a million dollars, have a game plan. Hello there. This is Akiva Balsam from Kosher Vids, where we bring halacha and ashgacha to life. Today's amazing subject is borrowing and lending money. So, let's get this straight. It is forbidden to borrow money if you don't think you're going to be able to pay back and if you don't pay back, IT'S AN AVEIRA. OKAY? Are you done yet? No. And also, if the if the loan is due and you still can't pay back, you got to sell your household items, okay? [Music] Man, you got to calm down. Oh, better. So why all of the emotion? Because I'm sure all of you have had the wonderful experience of lending money to someone who just didn't pay back. And if you don't believe me that this is a common occurrence, why don't we just go ask the people? Of course, it happens all the time. Yeah. Yeah, that would be a yes. More than this amount and this amount. So yeah, a lot. Yeah. Way too many. No, but there was this one time a few weeks ago that I borrowed money and didn't pay them back. Um so basically, one time I lent someone money and they didn't ever pay me back. Well, the answer to that question Akiva is yes, I have. Now from my friend Moshe here, what's he got to say about that? I I yeah, I'll give give it to you back. All right, um So, to all you borrowers out there, don't borrow money if you don't have a plan. Now for the lenders. Hey lenders, if you think lending money is a nice thing to do, you're wrong. Lending money is an obligation and there's nothing you can do about it. If someone asks you to borrow money, you got to give it to him. Period. No questions asked. Hold on one second. Hello. Hey, yeah. Akiva Balsam, Kosher Vids. Yeah. Oh. No, no, no, no, no, I can't. No, I just can't. Who is that? It's a guy watching the video live. He wants to borrow 10,000 dollars. So give it to him. You just said you have to. Why don't you practice what you preach? Hey, yeah, sure we'll give you the money. No problem. Yeah, I was just joking before. You know how it is. Yeah, sure. And just remember that here at Kosher Vids, we always got your back. Sure, have a good day. Thanks. The truth is, you're not always obligated to lend money to someone. There are two factors that have to be met in order to be obligated in lending money. Number one is, you can afford it and after you lend the money, you can still live comfortably. Number two is the person you're lending the money to is trustworthy to pay back. If both of these conditions are met, you can afford it and the person is trustworthy to pay back, then you have an obligation from the Torah to lend the money. The mitzvah to lend money to someone is much greater than giving tzedakah because the person is less embarrassed. Okay? That's as far as the halachas go, but the concept behind this whole thing is incredible. By the Torah obligating us to lend money to others, it's showing us its view on money. Money is meant to be much more than just a means to fulfill all our personal desires. It's meant to help out others. Your money is much less yours than you think it is. It is preferable to lend with a written document or with two witnesses. This will prevent any future misunderstandings, especially with bigger loans. Okay? Well, that's it for today and boy, did we have a good time. Speak for yourself. But but did No, the answer is no. Well, that's it for today and boy, did I have a good time. But don't worry cuz we got more Kosher Vid goodies coming up in the future, including the halachas of a duck getting stuck in a zoo before shabbat without a cell phone. That's not true. Oh. [Applause] [Music] Hello and welcome to another one of y'alls Oh well, the answer to that question is yes, I have. Now from my friend Moshi here, I'm not sure so I'll have to hand it over to him for the answer to that question. That happened? [Music] You were only right. [Music]