Are Your Friends Keeping You Broke?

As a financial psychologist, I’ve studied how our thoughts and behaviors affect our finances. One big finding is that our friends can greatly influence our financial success.

To improve your finances, you need to have a rich mindset. This means understanding how to grow and protect your wealth. More importantly, it means adopting beliefs and attitudes that support wealth.

Mindsets are contagious. The people we spend time with—friends, colleagues, and mentors—can either help us develop a rich mindset or lead us to financial struggles.

People with a poor mindset can unintentionally hurt our efforts to build wealth. They may spread harmful money scripts like "the only way to get rich is to cheat others" or "only the lucky get rich." These ideas can poison your mind and stop you from trying to improve. They might also model bad financial habits, like spending too much or making impulsive money decisions, which can pressure you to do the same and hurt your financial progress.

On the other hand, being around people with a rich mindset can push you forward. They see money as a tool for creating opportunities and positively impacting lives. They understand the real ways to achieve financial freedom, like focusing on financial education, smart investing, and disciplined habits. These positive habits are also contagious and can inspire you.

To improve your financial life, take an honest look at your social circles and see if you need to make changes. Avoid people on a path to financial self-destruction. Build relationships with those who share your vision for financial success and practice good financial habits.

By choosing to be around people who uplift and empower you, your chances of reaching your financial goals grow exponentially. Be mindful of the company you keep on your journey to financial health. Choose your influences wisely?because they will either help or?hurt you.

Wishing you excellent financial health!

Dr. Brad Klontz

P.S. My new book,?Start Thinking Rich, is about to be released. Before it hits the public, I wanted to offer you the exclusive opportunity to be among the first buyers. If you are, you'll get complimentary access to my?Start Thinking Rich Community?and upcoming Masterclass (a $5k value). Are you interested? If so, here's the link to pre-order the book on Amazon:?https://amzn.to/45huK5J. Once you've purchased it, send me DM, and I'll send you a link to the group.