I was intrigued by the recent post by Adam showing how many of us have lost friends over money issues.
It is a very delicate situation to handle when a friend has financial problems. It is easy to get it completely wrong even when you have the best intentions in the world. This got me thinking about whether or not it is possible to help a friend financially without putting the friendship at risk. So what are the best ideas for doing this?
We all know what it feels like to find ourselves in a tough spot financially. If you have never had to deal with financial problems then I feel absolutely happy for you, but I think that this won’t be the case for most people. The memories of financial strain can stay with us for a long time and when you see a friend going through a similar kind of trial it is more than natural that you might want to help them out by lending them a little money to tide them over until things improve. It’s not just friends either. The same is often true when family members are struggling financially too.
When they first start showing an interest in investing most people come across the terms “stocks” and “bonds”. You might think that they sound kind of similar but they actually represent very different ways of trying to make money from your investments. If you want to make the most of your cash then you need to work out what the difference between stocks and bonds is.
Is being nice harming your financial health? We all like to be the good guy but if you need to get better control of your monthly budget then maybe it is time to find your tougher side in a few aspects of life.
As nice as it would be if everything could go the way we wanted it to in life, we all know that most of the time it just isn’t quite that simple.
However, let’s assume that you are given the chance to ask for one change to your way of working. What would you change about your working life?