Wacky Kiray reveals his "research" method before lending money to friends

• Comedian Wacky Kiray revealed his unique "research" method for friends who want to borrow money from him

• He recounted how many relatives who were absent during his family's time of need suddenly appeared when he became a celebrity

• His strategy involves consulting with a mutual friend to check on the borrower's character and other debts

• If the borrower has a history of vices or unpaid loans, Kiray said he would decline the request while offering a polite excuse about his own financial obligations

Filipino comedian Wacky Kiray shared a pragmatic piece of financial advice for his friends and followers, revealing that he now conducts a thorough "research" process before lending money to anyone.

The well-known celebrity, who has openly spoken about his struggles with newfound wealth, candidly shared his strategy during a recent guest appearance on the public service program “Your Honor,” hosted by former Chief Justice Reynato Puno.

During the interview, the comedian, whose real name is William “Wacky” Kiray, spoke about the sudden influx of relatives and acquaintances who sought him out once he found success in show business.

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He poignantly recalled a time when his family was poor, and no relatives were available to help them, even for something as basic as a meal.

"Back then, when we had nothing, no one was around," he said. Now, with a successful career as a performer and TV personality, he said he receives invitations to family gatherings and birthday parties from relatives who were once distant.

Drawing from his personal experiences, Kiray shared his practical advice on how to navigate the complicated issue of lending money.

When a friend approaches him for a loan, he explained that he no longer gives out cash without first performing some due diligence.

His method involves reaching out to a mutual friend to inquire about the borrower's character and financial habits.

"Remember, before you lend to friends or people you don't know well, you must do your research," he advised.

If his mutual friend confirms that the person has outstanding debts or vices such as g4mbling, Kiray said he will find a polite way to decline the request.

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He would tell the person that he has many financial obligations of his own to take care of, all while offering a message of encouragement to "just hold on" or "kapit lang."

Kiray's story is a relatable one for many who have experienced a change in fortune. His tale of dealing with relatives and friends who suddenly appear underscores the challenges of managing personal relationships and finances in the public eye.

His advice offers a lesson in careful financial management and the importance of protecting one's hard-earned money from those who may take advantage.

The full details of the interview, including a story of how he "got back" at a relative who previously refused to help his family, are featured in the full video of the program.

Wacky Kiray, or Ricardo Balarosa in real life, is an acclaimed comedian in the Philippines. He already became a part of many movies including “Gandarrapiddo: The Revenger Squad.” Wacky is currently a co-host on the new TV5 noontime show, “Lunch Out Loud.”

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Years ago, he showed that he is one of the most hard-working showbiz personalities in the country for many years now. - The comedian showed off one of the fruits of his labor – his amazing house in Quezon City. - He recently gave an epic tour of his house after it was renovated to make it more modern, elegant and luxurious. Additionally, Wacky expressed his gratitude to God and to all of the people who supported him throughout the years for helping him achieve his dreams.

Previous to that, he appeared as a guest on an episode of the noontime show “It’s Showtime.” He was asked by Vice Ganda about his business – a restaurant that served Ilocano dishes. The “I Can See Your Voice” cast member then admitted that the restaurant closed down already. According to Wacky, the daily cost of operation was higher than the profit that it was getting.

Source: KAMI.com.gh