Josh's and Joshette's you're lucky today because I'm going to give you the answer to today's topic now. I don't know if it's good to be honest about your finances to your family or friends. But what I do know is I'm open about my personal finances and I think it has helped me out. So if you want to hear why read on if not then wait for my next post.
I tell everyone I meet that I’m a blunt person who is not afraid to speak my mind. So when a friend or family member asks me about anything financial I give them my two cents. As I wrote about in a previous post I prefer to bank online because of the high interest rates. The only thing is I practice what I preach, which means I almost always load up my accounts to show them. I am not ashamed to show my bank accounts because it’s a direct reflection of my hard work. I love showing my stock portfolio to my friends this way it sparks a conversation about investing. When I worked in Westchester County New York, I used to spend hours talking with customers when business was slow. Even in these conversation with total strangers my finances were completely open. You may think it’s a bad thing but it has allowed me to network and make some great connections. I received some great stock lessons from a woman who graduated from Harvard in the 1930s. Being open about my finances with friends has in my opinions has made our relationships better.
So now that I got that paragraph out of my system let me address the elephant in the room. Many of you right now are thinking to yourself “That’s fine and dandy for friends and family but you can’t be honest about your finances with your coworkers.” Actually you can be honest with your coworkers about your finances. I know how much each of my coworkers make an hour because I am open with them so in turn they are open with theirs. I told them my story and how I learned about Dave Ramsey and how he turned my life around. This might not happen to you but it has made them honest with me about all the side hustles they are trying to do. They even ask to borrow money from me but that’s a story of another time. If you don’t believe you can be honest about your finances the show Adam Ruins Everything touches this topic. He busts the myth that it’s not okay to share how much you get paid in the work place.
This was a short post but it’s a topic that most of us are afraid to talk about around the dinner table. We’ve been conditioned by society that talking about money is forbidden but I’ve found that to be untrue. Money doesn’t define who you are but what you do with your money does. I’ve been blessed to have people close to me that are well off that they give me advice all of the time, which is why I share their teachings with you. I make zero dollars by giving my advice because I will never run ads on this site. I genuinely love talking, typing and giving advice. So take this post and all my other with a grain of salt because it might not work the same way for you. But this is just some information from an average guy from New York City.