Lesson #130-Do your friends influence your finances?
Does who we hang out with impact our finances? Keeping up with the Jones's is pressure we put on ourselves How negative influences impact our finances How positive influences impact our finances Quote of the lesson from Jim Rohn A few lesson’s back we shared how loaning money to family and friends can be a difficult situation to be in, both from a lender and borrower’s perspective. Well on today’s lesson we’re going to talk about friends and money but from a different angle. It’s been said that you act like, earn about the same, and behave similarly to who you hang out with the most. With that being said then, do the friends we keep impact our finances? I think we do, and they can be a powerful influence in how we make our money decisions. The thing is though that when we talk about influences, they can be either a negative or positive influence. So this lesson is all about determining what a negative influence looks like and what a positive influence looks like. The encouragement on today’s show it to look at your current relationships and see if they have either a positive or negative influence on your money. I don’t believe you should just cut off a relationship because it has a negative influence on your money. However if there is a negative money influence on your life, instead of hanging out with that friend for a day at a time. You may need to hang out a hour at a time. We also discuss how keeping up with the Jones’s is often a pressure we put on ourselves, instead of pressure put on us by friends. Below are some Facebook groups that help propel me to good financial decisions and are a positive influence on my life His and Her Money Debt Freedom Fighters How do I money Resources mentioned in the show Top 10 Money Sayings to know-Stop caring whatever people think Today's quote of the lesson is brought to you by Audible.com “You are the average of the five people you spend the most time with." – George Horace Lorimer Enjoyed this lesson? If so, please consider taking a few minutes to leave a review of the show either in Stitcher SmartRadio, or iTunes. For a step by step video of how that works, please watch this video on how to leave a review in iTunes. You can subscribe to future podcasts through Stitcher SmartRadio or iTunes, Google Play or by downloading the iPhone app. Or you may listen to the podcast on the JW's Financial Coaching Facebook Fan page.view more
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