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A promissory note is a legal instrument that functions like an IOU; it lists that the borrower agrees to pay back the loan and outlines the repayment terms. Typically, a promissory note is an agreement not regulated by the government—used for notes like private loans. This can be a great way to either borrow or lend, depending on your specific financial goals.

In this video, Natali and I are discussing some ground rules for setting up promissory notes. We'll talk about the basic mechanics, why and how to set up a promissory note, and sharing how to get a promissory note template!

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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