You may or may not have realized it yet, but the people you surround yourself with maybe subtly shaping the decisions you make with your money, and unfortunately, the outcome is often less favourable.
I showed two friends this material that I use to make money online, one wanted to buy, and the other friend convinced him not to, claiming that it was a scam. A few months later, the one who discouraged the other came back and bought. He started making money, and that was how the other missed out.
There are friends you shouldn’t keep; these kinda friends are gonna ruin you, and you won’t even know. I will list them out so that you can verify if you have such friends around you.
Beware of these five types of people who can harm your finances:
1. Enemies of Progress
You will also recognize them by their comments on any wonderful topic that would help others. They are lazy and don’t want to work hard, so they want everyone to miss the same opportunity that they miss.
The moment you drop any wonderful idea, you would hear things like “it won’t work”, “scam”, “I have tried it before and it didn’t work”.
Such negative attitude will eventually rub off on you, and you will equally follow suit. The end result is that you remain comfortable in your condition and fail to push forward.
Identifying a person’s negative characteristics early on puts you in a better position to protect your finances from people who can harm your finances. Be aware of how your friends may be affecting your money decisions, so you can better protect your finances.
2. Stingy Hands
Stingy Hands are people who, instead of thinking of money as a tool, see it as something to be conserved at all costs, even if it means alienating their friends.
Most of us may have experienced this multiple times, usually in situations where a bill is split and you’ll be surprised to find that you need to pay more than expected.
What’s worse is that these people do not value your friendship and would be willing to lose you as a friend, rather than spend their money.
These type of people will castigate you for buying materials that would improve your finances. They are happy when you spend the whole day with your money drinking and enjoying at parties.
They may frequently borrow small amounts of money from you and expect you to pick up the tab if you invite them to go out somewhere.
It becomes worse when you may find yourself granting even bigger favours such as letting them use your card to make a large purchase on the condition that they pay you back.
They pay you small amounts at first, but eventually, you’ll find yourself chasing them down for the money.
Shopaholics can be dangerous friends to have when you’re trying to get out of debt or are aiming to save more. These people find the idea of letting cash sit in a bank account unthinkable.
If you spend some time with them at a mall, they’ll soon guilt you into buying something you don’t really need.
However, not all shopaholics have the intention to exhaust your resources and they could be oblivious to the idea. It just so happens that they have enough resources to live their lifestyle.
On the other hand, it doesn’t mean you should be tempted to adopt their habits.
Braggarts are known for putting a lot of effort into letting everyone know how successful they are with their finances, which is rather off-putting.
They constantly tell you how great they’re doing financially and it may cause you to question the choices you’re making with your money.
It becomes more difficult when you’re roughly the same age, as you find yourself starting to make comparisons between their progress and your own.
Life is a single race, so whatever you know would improve your finances, go ahead and do it. Forget about what people say. That it didn’t work for them doesn’t mean it won’t work for you.
This material has helped people improve their finances, make sure you check it out.