The family is considered the social unit of society. Most people were born in one and the formation of one’s behavior, values, and character happen within its confines. This is why the habits practiced and preached by the heads of the family are carried by the younger ones and in turn are taught to the next generation.
Our ideas and beliefs about money are first formed by what we see and hear from our parents. If you had been constantly given what you asked for—be it a toy, a piece of clothing, or a new gadget—then the way you view money will be different from one who grew up in an environment where a thing can only be earned if one works hard for it. Parents are instrumental in shaping the money habits of their children and it is crucial that the young be taught and shown such concepts as savings and investments as early as possible.
Next to our family are our friends. Some of our closest are as valuable as our families. We know this from our experiences with those special people we have shared strong and unbreakable bonds with from elementary, high school, or even college. Friendships that stand the test of time are those that we cherish the most. Friends who have shared the milestones we have in life—birthdays, graduations, weddings, births, even deaths—they are the ones that we can count on when times get rough.
When we talk of friendships, we don’t normally equate them with making money. However there is a very little known fact that all financially successful people share: They maintained solid friendships and had a strong network of social contacts. The saying “let me know who your friends are and I will tell you who you are” holds true when it comes to success both in life and in finances. The analogy might not be so obvious at first but when you get to dig deeper into the relationship of people and finances, you will realize just how important they are in your quest for financial stability.
In addition to your family and friends, you also get to interact with the people you work with. The relationships you hold with your bosses and colleagues will also determine just how far you will go in your career and in your financial life. Having mentors or sponsors will certainly help you go up the leadership ladder which will increase not only your earning capacity but your prestige as well.
The professional contacts you make outside your place of work will also have an effect on your career growth. These include the networks you form in person as well as those you make online through social media platforms. The wider your social networks are the more connections you have. The question now is: How do your family, friends, colleagues, and other contacts help improve your finances? That is what we will discuss in the sections that follow.
Other related info you might be interested in:
No comments:
Post a Comment