I have a word of the day in my #MoneyChat FB Group, and one day my word was INVEST, but not in the way you may think. It’s not about the stock market, but stock in others. Even though it’s important to invest in yourself and your future, it’s also important to invest in others.
They say the company you keep makes you, and I believe this with all my heart. My question for you is, “Are we an asset to our circle of friends, famil, and acquaintances?”
What does it mean to be an asset?
An asset is defined as “to be useful or valuable, quality”.
When you are around those that are in your circle, are you adding value by sharing information? I’m not talking about selling people stuff. I’m talking about telling others about things that will truly HELP them?
As you learn about things that will make your life better, do you tell others about it? Do you share books about money management, free resources, or good tips and tricks you have found? Are you willing to take the lead and call a family financial meeting and invite them to watch a show or review a book that has helped you? How about creating an annual family or friend event where everyone shares their financial goals for the year and you hold each other accountable?
How To Be An Asset
When I started on my spiritual and financial journeys, I met with certain members of my family and friends to share what I was learning. Now, some listened and some just kinda said ‘yeah… okay Dorethia’. That was fine, and at least I took the step of telling them about life changing resources that could help them as well. Everyone won’t be excited about what you share, but you can’t worry about that. The thing is, if we are scared that people will blow us off and keep information to ourselves, we don’t reach anyone.
I think we all know people who need financial help. And, in many studies, it’s found that people are concerned about their retirement, don’t have an emergency fund, and stress about money. You could be having dinner, shopping, and hanging out with someone close to you who feels this way – and NOT KNOW. You won’t know if you never bring it up!
A lot of times we’ll talk about people we know who can’t get it right financially. Maybe you feel like money is such a private thing and you don’t want people to think you are trying to get in their business. Trust me, I am a private person so I understand, but you can help them along without being intrusived and pushy.
How To Invest In Others
A few ways that you can invest in others are:
- Invite someone to a financial workshop -(like www.moneysmartweek.org)
- Gift your favorite book to someone
- Give a financial magazine subscription to someone
- Have quarterly friend/family financial meetups. You could make it a brunch ( I got this idea from a banker who says her family does this!)
- Have an annual financial vision board party with your family (I do this with family & #MoneyChatters)
- Invite a local financial expert you know to come speak to your family/friends. People have invited me to do this, it’s fun!
- Watch a money show weekly with your family/friends – like we do with Scandal, Empire and This Is Us! We are even on Twitter talking about these shows. Start doing the same with a financial or business program!
What ideas do you have or have tried to help elevate your circle?
Your Financial Coach,