Episode 39 - How Your Friends Are Keeping You Broke

Chasing a Greater Vision Podcast

Today, we delve into a deep and transformative discussion that might challenge your perspective. So, if you're ready for an eye-opening experience, grab a seat and let's explore why your friends might be keeping you from reaching your true financial potential. Ricky passionately touches on a critical topic that's close to home for many of us: the influence of our social circles on our financial well-being. He candidly shares his own journey and the changes he's made in his life regarding the company he keeps.

In this episode, Ricky highlights five key reasons your circle of friends could be holding you back:

1. Misaligned Habits: Ricky emphasizes the importance of surrounding yourself with individuals whose habits align with your goals and ambitions. If your friends' habits don't align with where you want to be, it might be time to reassess.
2. Manipulation Dynamics: Ricky delves into the issue of manipulation, both as the manipulated and the manipulator. He emphasizes the significance of supporting each other and how manipulation can undermine your financial growth.
3. Lack of Support: Ricky shares his experiences with friends who provided more criticism than support. He encourages listeners to seek consistent and genuine support from their circles.
4. Financial Pressure: The urge to keep up with the extravagant lifestyles of friends on social media can create financial pressure. Ricky advocates for living within your means and not letting financial habits of others dictate your choices.
5. Diversity Matters: Ricky stresses the importance of diversity within your circle, not just in terms of ethnicity but also in skills, viewpoints, and talents. Diverse perspectives can broaden your horizons and contribute to personal growth.

This thought-provoking episode will make you reflect on your own circle of friends and whether they're helping or hindering your financial journey. It encourages you to be more intentional about the people you surround yourself with and how it can impact your overall wealth, not just in monetary terms but in personal growth and happiness.

Minute by Minute:

0:00 Introduction

1:58 Let’s establish what broke is

2:33 Their habits don’t align with yours

4:51 Being manipulated by friends is a red flag

8:49 Watch out for a lack of support

14:00 Financial habits don’t align

15:47 Lack of diversity

18:19 Recap

19:49 Word of the Day: Diversity