Wednesday 28 October 2015

Be Careful of your Friends

When looking at ways to improve our lives and how we can start to save more, we should start looking at our friends. Since we spend our free time with them, they will have a large impact on your behavior and your expenditure. So, shouldn't we be more careful of who our friends are?

(Image source: https://commons.wikimedia.org)

Our friends can affect us, be it in our values, our behavior and as mentioned, our expenditure. If we go with friends that live the high life, wouldn't we also be encouraged to do so. But then again, if we have friends who are frugal, we are also encouraged to be frugal. Peer pressure will reinforce these values, so maybe we should choose friends with good values over ones with probably not so ideal ones.

On behavior and values, not to discriminate, but having rich friends will introduce us to different mindsets than if we only held middle-class ones. Rich people, especially self-made ones, tend to have different ideas and views of the world from others, which is possibly what makes them rich in the first place. This has also been looked at in some books, such as Think and Grow Rich by Napoleon Hill. I think that the influence that friends have on our ideas and our values is more important than their impact on our behavior and expenditure. One affects us in the short term while the other will have a profound impact on the rest of our lives, so we should be more careful with who our friends are.

Speaking of different mindsets between the rich and the middle class, I came across this article which you may find useful as well. Except for the selfishness point, I think that it has quite good points. To be rich I think we have to have a longing to serve the greater good for us to be motivated to solve the problems faced by people with a great drive, something which has been reinforced by a few biographies and autobiographies I've been reading recently.

Back from the digression, our friends are important people in our lives and the ones that we can actually choose, so we should try to choose better ones that will impact and influence our lives positively for us to lead happier, more meaningful and financially free-er lives.

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