Kristin Cavallari is reflecting on a painful lesson after lending her father a quarter of a million dollars.
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Cavallari → reflect → dollars
During a recent episode of her podcast "Let's Be Honest with Kristin Cavallari," in which the 39-year-old reality star shared her opinions on women and finances, Cavallari recalled how she ended up $250,000 "in the hole" following two loans to her father Dennis Cavallari that were never repaid.
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that → let → father
"My dad came to me — I was filming ‘The Hills,’ so I must have been 22 — and asked for a large sum of money to borrow.
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I → come → money
Six figures," she said.
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she → say → ?
"And I was making great money at the time, but it’s still — I’m 22," Cavallari continued.
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Cavallari → make → time
"But I lent it to him, and he promised me he would pay me back," the Uncommon James founder remembered.
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founder → lend → me
"He probably said six months, and he was going to give me interest on top of it.
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he → say → it
And, you know, well, I didn’t get paid back.
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I → know → ?
And instead, he asked to borrow more money, another six-figure number."
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he → ask → money
Cavallari said that she confronted Dennis about not repaying the first loan but ultimately relented.
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she → say → loan
"I said to him, ‘You haven’t even acknowledged the first payment, and now you want more money?’" she recalled.
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she → say → money
"But because I’m such a f-----g sucker — or I was at the time — I lent him more money."
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I → ’m → money
The "Laguna Beach" alum admitted she has no expectation of ever getting the money back.
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she → admit → money
"I will never see that money," she said.
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she → see → money
"So, when I tell you, I’m in the hole with my own dad, a quarter of a million dollars."
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I → tell → dad
"Talk about a bad business decision," Cavallari added.
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Cavallari → talk → decision
However, the TV personality acknowledged that the experience taught her the importance of setting boundaries with family and friends when it comes to money.
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it → acknowledge → money
"I didn’t know how to set boundaries in my early 20s," she admitted.
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she → know → 20s
"I’ve learned that.
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I → learn → that
You know, it would be a very different conversation probably today, but it’s the lending-money-to-people thing."
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it → know → people
"When you have money, it’s almost like people expect it," Cavallari continued.
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Cavallari → have → it
"And you are in no way, shape or form required or obligated to lend anybody money, especially if you’ve worked your f---king tail off for that money.
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you → require → money
"
"Like I have worked my ass off for all of my money," she added.
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she → work → money
"And so I think that’s why probably that stings the most."
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that → think → ?
"It just was like sort of taking advantage of me at such a young age."
Now a mother herself, Cavallari said she struggles to understand her father's decision to turn to her for such a large sum of money when she was so young.
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she → take → money
Cavallari shares sons Camden, 14, and Jaxon, 12, and daughter Saylor, 10, with her ex-husband, former NFL quarterback Jay Cutler.
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Cavallari → share → husband
"I can’t imagine going to my kids when they’re 22 and asking for that kind of money," she said.
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she → imagine → money
"I guess I understand that he didn’t have a lot of options.
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he → guess → options
But I don't know.
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I → know → ?
"And also my relationship with my dad is very complicated," Cavallari continued.
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Cavallari → continue → dad
But for the purpose of this conversation, I just think you’re allowed to do what you want to do with your money."
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you → think → money
Cavallari shared a clip from the episode on Instagram, emphasizing the importance of financial literacy for women.
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Cavallari → share → women
"We’re talking all things MONEY this week!!" she wrote.
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she → talk → MONEY
"I’m over money being a taboo topic for women.
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money → ’m → women
We’re talking financial independence, the mistakes I’ve made, and everything I’ve learned along the way.
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I → talk → way
If you wanna chase the bag, this one’s for you.
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one → chase → you
Cavallari previously discussed her difficult relationship with Dennis and the unpaid loans during a July appearance on the "Aspire with Emma Grede" podcast.
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Cavallari → discuss → podcast
The "Balancing in Heels" author shared that she eventually came to terms with the financial loss.
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she → balance → loss
"I've had to grapple with it, you know, and I've ultimately put it to bed and made peace with it," she said.
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she → have → it
"I think at the time, I didn't know how to say no to my dad.
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I → think → dad
…and 13 more, not listed.
The Aporia
