Do Your Friends Keep You Broke?
|September 25, 2007||Posted by Roshawn Watson under Uncategorized||
How Do Friends Keep You Broke? Shopping, dinners, drinks, trips, and clubbing are all fun but cost money. Still, where friends can do you their biggest service or disservice is how they can contribute to your mindset about money. How can two walk together unless they agree (Amos 3:3)? Either you or your friends will agree on money or your different perspectives may be divisive to your relationship. No wonder why so many people avoid discussing money openly: it can cost you a friendship if you are not mindful. It is not money but your philosophy about money that will often have the biggest impact of your finances. This philosophy is influenced (if not shaped) by your environment, including your friends. Some may view money as the most easily renewed resource and are spendthrifts. Alternatively, others may view money as a necessary tool to achieve their dreams. The difference between these two perspectives will have on one’s life is profound and the subject of next week’s post: The Financial Question That Everyone Should Ask Their Friends (shameless plug 😉
Genuine Connections vs. Business Transactions: It seems decidedly cold to choose friends based on their wealth. A friendship based on money is empty at best. People are not business transactions. Some of my friends are multi-millionaires whereas my other friends are poor. As stated before, I care about their philosophy not their pocketbook. I am not suggesting that every meaningful person in your life has to share your perspective about money. All you really need is a few people in your inner circle to keep you motivated towards your financial dreams.
Copyright 2007, Roshawn Watson, Pharm.D. All Rights Reserved.
Copyright 2012, Roshawn Watson, Pharm.D., Ph.D. All Rights Reserved.