Meaning of the word "lend your money and lose your friend" in English

What does "lend your money and lose your friend" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

lend your money and lose your friend

US /ˌlend jʊr ˈmʌn.i ənd ˌluːz jʊr ˈfrend/
"lend your money and lose your friend" picture
1.
Learn This Word at Lingoland