Thomas Monson once said: “Choose your friends with caution, plan your future with purpose, and frame your life with faith.”
What if you can plan a financial future with a purpose by choosing your friends carefully? Yes! That is possible.
You may not be able to change the personalities of the people around you but you can change the people whom you choose to be around all the time. Filter out toxic financial relationships and know the 6 Kinds Of Friends Who Can Positively Influence Your Finances…
1. OBJECTIVE ADVISOR
A friend who can give objective monetary advice is the one who is unbiased, unemotional, unprejudiced, and fair-minded. This friend can have a hearty chat with you to point out your financial flaws and give you feasible solutions. An objective advice is something all of us need to hear, especially when it comes to financial and spending habits.
2. CHEERLEADER FRIEND
A cheerleader friend does not exactly need pompoms or shout chants. This type of friend is the one who supports and encourages you even if they do not share the same financial situation. After talking to the objective advisor, you can ask this friend to help you keep track of your financial goals. Having a supportive confidant who will boost your self-esteem can be beneficial for your discomforting situation.
3. FRIEND CARRYING SIMILAR BURDEN
Are you feeling hesitant to decline a group trip offer because of the fear that you are the only left out in the group? Not anymore. If you have a friend who carries the same loads or the same financial situation as you then, the both of you can find ways together. You can either cancel the trip or help each other to build a travel fund. This friend will understand and support your monetary decisions.
4. GENEROUS FRIEND
If you have a friend who will lend you money in a heartbeat then, consider yourself very lucky! However, you must not abuse this generous gesture and pay the sum back as soon as possible. Do not turn into a friend who never repays instead, you must take care to not burn any bridges with your generous friend.
5. RESOURCEFUL FRIEND
There was an American series once called “MacGyver” wherein a top agent defeats his enemies by using his vast scientific knowledge in creating weapons out of the things available in the room such as paper clips or duct tapes. Like MacGyver, a resourceful friend maximizes the use of what he or she has. With his or her resources in money and people, this trusted friend could help solve your financial problem. Although, being resourceful is not easy, it takes a combination of handwork, social skills, experience, talent, and luck.
6. FINANCIAL EXPERT
A financial expert may be the best kind of friend to positively influence your finances. With a background in finance, this friend can help you improve your financial accounts or help you cut down your spending.
If you do not have many financial expert friends right now, fret not. Money Digest has your back. 🙂