Warren Buffett’s rule number one is, “Never lose money.”

His rule number two is, “Never forget rule number one.”

These rules especially apply to lending money.

If you want to collect your loans, be careful who you give them too.

Don’t give money to people that can never pay you back.

Unless they are close family. Sometimes you have to help folks out.

In that case, don’t lend. Give.

Lending money to people that can’t pay it back is a recipe for awkward Christmas holidays.