It’s crazy how much close friends influence you.
Would you stay friends with someone that consistently makes bad financial decisions. Or distance yourself for like-minded folk.

I have a friend that is constantly trying to guilt me and pressure me into overspending, especially on “luxury” items. But I have different goals for my money and she doesn’t seem to respect that.

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i have friends that make a dumb amount of more money than me and blow it all and i vastly ahead in nw. i have friends that make nothing and also blow money but some that also take financial planning as seriously as me.

we’re all still friends. kinda dumb to isolate yourself from people bc of this.

likeuplifting

okay so based on the q you just replied with..it honestly just sounds like you don’t like your friends lol (and i’m not here to judge whether there is merit in that).

there’s a big difference in having friends with opposing opinions on $ philosophy (like my friends) and those that actively and explicitly shame you for how you manage your own finances (not like my friends). the former is fine, the latter is a different situation.

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As long as they don't pressure you after you saying no and you know where your boundaries are, I think staying friends are fine.

People are very different when it comes to finances and I don't want an echo chamber of frugal, FIRE and be financial responsible day in and day out

likehelpful

When that happens, my go-to excuse is "I am so broke, I got to pay down credit card debt [or insert other big purchase]". They just wanna feel loaded and flex, so let them. At the end of the day, its not about who flex-ed the most, it's about who has money in their pockets

My closest friends are financial and lifestyle freedom minded. This is a game-changer! Too much friction to give time and energy to those who will bring you down, especially after you've communicated.

likeuplifting

Carefully select your friend group. This is the difference in leveling up in your life and your finances. We openly talk salaries, goals and strategies to make it happen.

One friend is taking 9 months off because she can afford it and is still on track to being a millionaire and retiring early by 40/41 🙌

Don't stick around people with no vision. It is contagious.

And them trying to guilt trip you and bring you down to the gutter.... How is that a friend when they're literally trying to compromise your future and sabotage your aspirations? 🤔

like

If they make bad decisions and those decisions don’t impact you, sure.

If they make bad decisions and try to influence me to do the same (excessive dining out, new cars, new phones, rent luxury apartments) etc then yeah I’d distance from them. It gets exhausting at a certain point and you don’t want to ever get guilted into assisting them in any capacity.

I have stupid friends who make more than me, live paycheck to paycheck, but we respect each others decisions and are great friends.

likehelpful

Ditch em! Or, distance yourself in the meantime.

smart

I would absolutely stay friends with someone that consistently makes bad financial decisions. I would not however stay friends with someone constantly trying to guilt or pressure me into doing ANYTHING. Peer pressure is not cool you live your life let me live mine

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Old saying that if you’re the smartest person in your group of friends, you need new friends. Time is limited, and you want to be around people whose goals and values influence you to be a better person and bring out the best in you. Chances are, people like this also have a great network of likeminded friends and colleagues.

like

idk what fortune cookie you read that off of but that’s dumb as hell. not everyone subscribes to that life style. now if you told me “smartest person..at job” i would say maybe. some of my friends are objectively dumb as hell but i love hanging out with them lol, and then some of my friends are smarter than i could ever hope to be, and i also love hanging out with them. it’s called being able to compartmentalize.

like

That’s a dumb reason to not be around people. It’s not like they’re mainlining heroin

in which case we definitely wanna stay friends with these people

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