It’s been the story of my life. I have seen my parents do it, my siblings (not all of them) do it, of course I myself have done that too. What? Helping others financially!!! Well, one may think that what we did or still do is an excellent example of altruism, but I do now believe in setting up a limit, especially when your close family members (siblings) are involved.
I have learned that the more you put others (especially your siblings) before yourself, the more you will be emotionally abused by them. They will become more dependent on you and most of the time, you will have to sacrifice your needs to fulfill theirs. I’m not at all suggesting that helping others is some sort of a crime or a bad habit. What I’m suggesting relates to the famous air plane announcement, “Should the cabin lose pressure, oxygen masks will drop from the overhead area. Please place the mask over your own mouth and nose before assisting others.”
The rule is simple to apply in your life. If your own life in under debt or you are going through rough times, put your own family’s (your own, wife, and kids) needs first. There is nothing wrong in being a little selfish, because your family is your responsibility. No one else will ever take that on their shoulders. After that, if you have left with enough funds to help, sure but not on the cost of your own desires and needs. Think about limiting your altruistic habits to a reasonable level. It has helped me, it might help you too.