In last month’s issue, we discussed how the Rich have Money work hard for them, while the Poor work hard for Money. This month, we will be looking at Rich Money Habit #4: The Rich choose their friends wisely.
I’m sure you have heard the expression: Birds of a feather flock together? Well, this is very true in every aspect of our lives, whether it be your studies, your sports performance, or whether you become rich, or remain poor. Why is that so?
One of the main reasons the Rich become Rich is because they mix around with other Rich people (who practice good Money Habits). And because they mix around with other Rich people, they learn good Money habits from them. This allows them to learn how to manage their money well.
The same reasoning applies in your studies. Have you ever realized that the 5 closest friends you have in school have almost the same grades and results as you? And because they have almost the same grades as you, you flock together! You feel comfortable with them!
But kids, please don’t get me wrong. Please DON’T stop befriending your current friends just because they are not rich or smart! That’s not what I meant. What I mean is, if you want to get good grades, or if you want to become rich, you have to spend MAJOR time with friends who will help you grow, and who practice good money habits. Spend MINOR time with friends who do not help you grow, and who practice lousy money habits.
So kids, if you want to become Rich or get better grades in school, choose who you spend MAJOR time with, because that would determine who you become in the future.
In next month’s issue, Rich Money Habit #5: The Rich use Credit Cards wisely; the Poor abuse Credit Cards.
Other Related Articles:
- Getting Your Kids Started On Money Management - By MoneySense
- Credit tips
- Teaching Children How to Value Money
- 12 tips for managing your parents’ finances
- Does Age Matters in Cultivating Good Money Habits?
Other Updates in Library
- Rich Money Habit #12: Orrie the Ostrich
- Rich Money Habit #11: Philly the Peacock
- Rich Money Habit #10: Your Belief Systems Will Determine Whether You Become Rich, or Remain Poor
- Rich Money Habit #9: If You Want Different Results, You Would Have To Do Things Differently
- Rich Money Habit #8: The Rich work at building Wealth, the Poor merely try to survive
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thanks very usefull information !