The quote “show me your friends and I’ll tell you who you are” is still valid to date. Friends have a major influence on how you think, act, interact with others, and the way you lead your life in general.
The influence of friends in your life is important because right from childhood even unto adulthood, you pick up habits and learn different things from your friends.
You get many habits out of your peers consciously and unconsciously because the more you spend time with them, the more certain habits rub off on you as well. Friends are indirectly connected to how you view life.
Interestingly, the kind of friends you keep affects your knowledge of finance and your spending habits as well. The way your friends spend money, and their investing and saving habits consistently rub on you.
Therefore, when you decide to be friends with a person, keep your money habits in your mind, too because your friends play a significant role. People who are optimistic and imaginative about making money and smart about money will lead you a lot in this matter.
Hence, here is how having financially intelligent friends can help you:
Better Spending Habits
Having financially intelligent friends has a way of helping you spend money better. When your companies of friends are financially intelligent, chances are that they would have a better knowledge of how to spend money.
Even if you are not financially intelligent as they are, with time, you become better and spend better as well. You need to be around people who will have a positive influence on your spending habits.
Keep you Updated about Current Events in the Finance World
Even though you are financially intelligent, fact remains that you can’t know everything happening in the finance world. It is at this point that your financially intelligent friends come to your rescue.
This is because, they keep you updated and well informed on money matters, the best places to invest, and the right decisions to make.
Well-informed and updated friends can help you with their knowledge, which will help in taking the right financial decisions.
Good Money Habits
You tend to pick up several habits from your friends, hence, with financially intelligent friends; you can pick up good money habits from them.
When you see people dear to you spend money wisely and make good money decisions, the motivation to adopt similar practices is high.
Ambitious about Making Money
Financially intelligent friends are ambitious and creative about making money. They understand that with the situation of the economy, merely relying on your job to achieve all your financial goals is not a smart thing to do.
With this knowledge, they encourage you to be open to new things and eager to try out new and legal ways to make money.
Being surrounded by such people whose thoughts run in that direction will provide you with exposure to this thought process.
In addition, this will push you to think ambitiously and come up with creative ways to make money.
High Money Values
Asides from general life values such as honesty, kindness, patience, etc, there are also money values that we can learn from people around us.
Hence, it is important to have friends who value money because they recognize the hard work that went behind it.
Conclusively, the right company brings joy and fulfillment.
Therefore, you need financially intelligent friends because; they will help you with putting things in perspective from time to time.
The power of influence of friendships in our life should not be underestimated. Be smart and think wisely, when it comes to saving plans, investment decisions, and picking friends.
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