Table of Contents for This Series
This is part three of a three part series on the Identification and Removal of Leeches. This part covers financial leeches and concludes the series.
- How to Identify and Remove Real and Emotional Leeches
- How to Identify and Remove Productivity Leeches
- How to Identify and Remove Financial Leeches
Description: Financial leeches are people who drain your financial resources.
1. Recognize that you have a leech on you.
It may be hard to recognize a financial leech because they commonly attach themselves by having a legitimate problem or issue that they need help with. The financial leech, however, remains with you after the initial problem was solved and may continue to (intentionally or unintentionally) create problems so they can continue to drain you.
2. Find out where it’s actually attached.
Identify how the leech attached itself to you. Trace back to the initial problem, determine whether it was remedied, and move forward from there. If the initial problem was solved, determine why the leech is still attached to you, and figure out a way to detach it as soon as possible.
3. Calmly inform the leech that you will no longer provide it with financial support and give it a deadline to be on its own.
A financial leech has no plans to remove itself from you and may actually think that it’s not attached; this is especially the case with adutolescents. Calmly inform the leech that you will not sustain their lifestyle indefinitely and that they will be on their own after a certain date. Hold firm to that date (see note below) and make their living off of you as uncomfortable as possible.
4. Once the leech is detached from you, get rid of it immediately, as it will try to reattach itself.
The financial leech may “try” to get back on its feet after you have removed it. Make sure that the leech understands that you will not be providing it support, and under no circumstances should you give the leech any free or discretionary money. If the leech begins to struggle, point it to resources for it to support itself, but under no means should you become that resource. Note: remember that having the leech live with you is draining finances from you, as you will be paying for utilities and buying groceries.
- A financial leech will feed on you for as long as it can or until it finds someone else to provide a better standard of living. At that point, it will move on, as your money has provided it with its standard of living for several months or years.
- Financial leeches that are removed poorly will find a way to reattach themselves. Successive attempts to remove financial leeches become increasingly difficult, as their debt and expectations have increased while your finances have decreased, and your support has only made them less capable of taking care of themselves.
- The relatively small amount of money drained by the financial leech will initially not bring about your financial ruin. You will recover your money and manage to get back on your feet within a few months. The aggregate effect of many financial leeches, or one leech that has drained you for too much for too long, may cost you your financial stability and may lead to bankruptcy, unemployment, and depression.
- Financial leeches require a relatively stable, financially secure person to attach themselves to. Less dependable hosts do not provide the standard of living they are looking for and will not be able to support them for the long-term.
- Financial leeches are incredibly perceptive and can sense whether a person has both enough money to help them and the disposition to do so. Avoid flagrant displays of wealth or income and be careful who you disclose your financial success to.
Real leeches only thrive in very specific parts of the world, and they actually aren’t that hard to avoid. The human leeches, though, thrive world-wide and can be far more dangerous to your flourishing than the squirmy kind. If you every feel yourself being drained, take a step back and figure out if you’ve got a leech. If you do, remove that sucker and move on!
Tim Ramsey says
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.
Jason Elder says
I found your site on google blog search and read a few of your other posts. Keep up the good work. Just added your RSS feed to my feed reader. Look forward to reading more from you.
Charles Gilkey says
@ Jason and Tim: Thanks for stopping by and for your kind comments. I look forward to hearing from you in the future!
A Republican! says
You know, I read a lot of what you have written and I thought to myself – this guy is brilliant and has one of the best blogs I have ever read! Then I get down here to this post and see that you are calling Republicans financial leeches. The facts are – Democrats raise taxes more than anyone else. George Bush is a disappointment yes but to call ALL Republicans leeches is a joke. And offensive.
Charles Gilkey says
@ A Republican: That probably wasn’t the smartest thing to put into a post because humor doesn’t convey very well and I thought that this series would be one of my more obscure posts. Okay, so they’re all obscure.
The stab was supposed to be tongue in cheek, as every word in that one offends someone. At the very least, I should have been more descriptive and said Republican politicians. What you should know is that I’ve got good friends from every end of the political spectrum, and I know political affiliation has no bearing on character.
I am editing the post, so what it originally said will not be publicly available. Thanks for calling me out on this one; sometimes we all need to be reminded to be better people.
I also very much appreciate the kind feedback about the content of the site. I’m sorry it came under the circumstances, but I’m glad that you took a second to leave the comment.
Grow up, Baby. says
Noticing your use of “adultolescents” and “Note: remember that having the leech live with you is draining finances from you, as you will be paying for utilities and buying groceries.” Basically, you seem to be suggesting that young adults who live with their parents are financial leeches. That’s rich.
I wonder if you would call baby boomers who “double dip” by “retiring” to cash in on social security and retirement money, and then immediately go back to work to collect a full-time salary (thus taking a job from a younger person) leeches on society. If so, then your post would be more accurate.
Charlie Gilkey says
I appreciate the comment here. ‘Adutolescents’ is a term for a special class of young adults, so it’s definitely not a case of all “young adults who live with their parents,” but those who live with and off of their parents with no real intention of doing anything otherwise.
Young adults leaving with their parents and contributing to their parent’s household or perhaps in an intentionally agreed-to multi-generational arrangement or even taking care of an ailing or down parent are completely different cases.
Re: double-dipping retirees, you bring up a great point. As we work a second and third act, we’re going to have to reconsider retirement, social security, and so on, as they’ll be both economically unsustainable and ethically problematic. Right now, though, it’s a complicated issue – much more so than the aformentioned case re: adultolescents.
Thanks for the food for thought! 🙂
Charles Dennison says
This discussion is heating up … fire broke out yet?
Charlie Gilkey says
Throw in a few “Oh snaps!” and this macro-economic and social commentary might devolve into fisticuffs. :p
they only allow you to work part time…so thats not much,
That is spot on how they work. unfortunately I was married to one in my 20’s – 30 years later he still leeches off women ???? Lazy, unresponsible people come in all ages. So true.. it’s a world wide epidemic- quick removal of these blood suckers before they kill you is the best remedy.
youre right…. my wife is dealing a family of leeches right now and they use her year after year and she allows it../she yells at them and gives and gives..theyre milking her dry of her savings.
Human leeches can be of multiple types. A financial leech may also be an emotional leech as part of the leeching techniques. Drama is at the center of retaining control. During an attempt to remove a leech, it may cause drama to counter its removal. It sounds very easy in this online document, but because leeches are experts at attaching their affairs to yours, it can actually be quite difficultor near impossible to remove them. Sometimes the only solution is to move out yourself, or even sell your own house. Aside from these drastic solutions the only other option may be to simply put up with it 🙁
Thank you for an enlighting document 🙂
dont answer thier calls,texts or the door or even emails…ignore them with no contact at all…they will move on to another victim or family member [same thing]