We often hear about the importance of surrounding yourself with people that will support you achieve your goals. A group you can be comfortable in your skin with, and you can trust. I’ve spent many years finding my group of people that can help me do just that. Whichever journey I’m taking, I know my circle will be there to motivate, hold me accountable and understand where I’m at and where I want to be. These journeys also include my financial path and goals to get there. In this blog, I’ll share some tips of how investing in financially healthy relationships can truly be beneficial.
Choosing Your Financial Circle
Of course, talking about personal finances is difficult in any relationship but especially one with a focus achieving better financial health. Here are some things to consider when choosing your financial circle.
- Do they understand where you are currently and where you want to be?
- Do you trust them with knowledge about your finances?
- Will they keep a safe non-judgmental place to discuss?
- Can they help you stay motivated and be accountable for the steps you take?
- Will they share tips and resources that they have found success with?
Finding this financial circle and investing time into it can create immeasurable value when working on financial goals. But who could make this circle? Family, friends, mentors? It’s a very personal choice who you discuss your financial goals with. In addition to the questions above, think of a person that is already encouraging you. Next, look at how they handle their finances that you can see, since most often personal finances are a limited topic. For example, if they talk about savings versus someone that is always asking others for funds, consider asking the saver to be in your circle. They may have tips and resources to share that you might find helpful.
What to Share
Another key aspect is trusting who you share your financial information with and be willing to have an open conversation about it. As with any goal, being honest upfront can allow for your growth to happen, in this case reaching financial goals. Once you begin the conversation, will your circle keep you motivated when you’re succeeding in your goals and when you are struggling? They should be your financial cheerleader.
What to Discuss
And finally, when talking about financially healthy relationships, you should be able to talk about any financial topic and goal. Examples include creating a budget, how to save, managing debts, how to plan for education or buying a home. It could also be asking for an app, organization, podcast or blog your circle finds helpful.
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